Etiqa Insurance Singapore Launches Essential Critical Secure, a Critical Illness Plan with Mental Health Support and Continuous Financial Care

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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.

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.

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...

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