The new Essential critical secure plan features coverage for mental health conditions and first-in-market monthly cash payouts upon diagnosis of severe critical illness

SINGAPORE – Media OutReach Newswire – 7 March 2024 – Etiqa Insurance Singapore, a leading life and general insurer, today announced the launch of Essential critical secure, a new Critical Illness (CI) plan, that offers affordable and comprehensive protection against 111 CI and mental health conditions across multiple stages of illnesses.

Many Singaporeans remain under-protected against CI, with an average CI protection gap of 74%. Coupled with rising medical costs, there is a growing need for accessible and robust insurance solutions to safeguard individuals from the financial burden associated with CI. The product’s first-in-market feature, Continuous Care Benefit, aims to address this gap by providing monthly cash payouts of up to 200%¹ of the original sum insured² in addition to a 100% lump sum payout upon a severe stage CI claim to help Singaporeans amid challenging times.

“Etiqa Insura...