After understanding the existence of a large critical illness gap and how a critical illness payout can help, the next step would naturally be to take actions to close that gap.
While the LIA states that economically active Singaporeans and PRs have a critical illness gap of 3.1 times, this is just an average figure across the country. You need to look at your individual living situation and calculate the extent of your own critical illness gap.
One product that you can consider to cover this critical illness gap is AIA Power Critical Cover (AIA PWCC), which offers comprehensive critical illness protection, including early critical illness coverage, every step of the way from diagnosis of pre-early conditions, to all stages of critical illness – early stage, intermediate stage, major stage, and relapse.
AIA Power Critical Cover (AIA PWCC) is an enhanced version of its predecessor, AIA Triple Critical Cover (AIA TCC), as part of our commitment to research and improve our products so that we offer our customers innovative and relevant insurance solutions.