Etiqa Insurance Singapore Launches New CI Plan Featuring Mental Health Support

Etiqa Insurance Singapore has unveiled its latest offering, the Essential critical secure plan, designed to provide comprehensive and affordable protection against a wide range of Critical Illnesses (CI) and mental health conditions. This innovative insurance plan is set to cater to the needs of many Singaporeans who find themselves under-protected against CI, amidst escalating medical costs. The plan stands out by offering first-in-market monthly cash payouts for severe critical illness diagnoses, addressing the 74% average CI protection gap among Singaporeans.

Raymond Ong, CEO of Etiqa Insurance Singapore, emphasized the company's dedication to supporting Singaporeans through challenging times by evolving healthcare and protection needs. The Essential critical secure plan introduces the Continuous Care Benefit, which offers additional financial support beyond the conventional lump sum payout upon diagnosis, providing up to 200% of the original sum insured in monthly cash payouts after a severe stage CI claim.

The plan also focuses on mental well-being, aligning with Singapore's priority to enhance mental health care. It includes coverage for psychiatrist consultations for conditions such as Mild Depression or Generalised Anxiety Disorder and offers an accelerated lump sum benefit for severe mental health conditions.

The Essential critical secure plan boasts several key features designed to offer robust protection:

• Comprehensive CI coverage across multiple stages, covering 104 medical conditions from early to severe stages.
• A first-in-the-market Continuous Care Benefit that provides additional monthly cash payouts for up to 200% of the original sum insured upon diagnosis of any of the 36 covered severe stage CIs.
• Support for mental well-being with benefits covering 7 mental health conditions and provisions for psychiatrist consultations.
• Lump sum payouts for all stages of CI, with an accelerated payout of 50% of the sum insured for early and intermediate stages, and a full payout of 100% upon diagnosis of a covered severe stage CI.
• A Premium Waiver Benefit that waives all future premiums upon diagnosis of a covered early or intermediate-stage CI.
• Affordable premiums starting at just S$0.86 per day for S$100,000 CI Benefit coverage and up to S$200,000 of Continuous Care Benefit.

The Essential critical secure plan is protected up to specified limits by SDIC. Terms and conditions apply. For those interested in learning more about this comprehensive insurance solution, further details are available on Etiqa Insurance Singapore's website.

This innovative approach by Etiqa Insurance Singapore not only aims to bridge the critical illness protection gap but also underscores the importance of mental health support in today's fast-paced world. By offering continuous financial support and prioritizing mental well-being, the Essential critical secure plan represents a significant step forward in comprehensive health protection plans available in Singapore.