Critical Illness

AIA Prime Critical Cover: Comprehensive Protection for Your Golden Years

As we age, our health concerns often grow. Did you know that while Singaporeans are living longer, they're spending more of their years in poor health? This sobering fact highlights the importance of having robust critical illness coverage, especially in our later years. If you're looking for a critical illness plan that offers comprehensive protection without the hassle of complicated medical examinations, AIA Prime Critical Cover might be the solution you've been searching for.

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What is AIA Prime Critical Cover?

AIA Prime Critical Cover is a specialized critical illness insurance plan designed for adults aged 40 to 70 . It offers long-term and comprehensive protection against 43 critical illnesses, with coverage extending up to age 100. What sets this plan apart is its focus on providing easier access to protection, especially for those who might find it challenging to obtain coverage due to age or health conditions.

Key Features That Make AIA Prime Critical Cover Stand Out

Easier Access to Protection

Reduced need for complicated medical examinations during application . Designed for adults aged 40 to 70 years.

Guaranteed Critical Illness Coverage up to Age 100

100% payout of the insured amount upon diagnosis of a covered critical illness . Additional 50% payout if diagnosis occurs after age 85.

Early Payouts for 7 Special Conditions

Offers early payouts for conditions like angioplasty, carcinoma in situ, and early Parkinson's Disease. Payouts available up to age 100.

Health Screenings Benefit

Reimbursements of up to S$250 for health screening expenses once every 3 years. Available from the 4th policy year onwards.

AIA Vitality Integration

Access to AIA's comprehensive health and wellness program. Potential for up to 15% discount on insurance premiums .

What Does AIA Prime Critical Cover Protect Against?

This plan covers a wide range of critical illnesses. Here's a simplified breakdown of the 43 conditions covered :

Heart and Circulatory System Conditions

Heart Attack, Coronary Artery Bypass Surgery, Stroke, Primary Pulmonary Hypertension

Cancer and Blood Disorders

Major Cancer, Aplastic Anaemia

Neurological Conditions

Alzheimer's Disease, Parkinson's Disease, Multiple Sclerosis, Motor Neurone Disease

Organ Failures

Kidney Failure, Liver Failure, Lung Disease

Major Surgeries

Major Organ/Bone Marrow Transplantation, Open Heart Valve Surgery

Other Serious Conditions

Blindness, Deafness, Major Burns, Coma, Paralysis

Special Condition Benefit: Early Payouts

For these conditions, you can receive a payout of 10% of the insured amount (up to S$25,000) if diagnosed before age 85, or 15% (up to S$25,000) if diagnosed after age 85 . For some conditions, the payout can be up to S$150,000.

  • Angioplasty & Other Invasive Treatment for Coronary Artery

  • Carcinoma in situ of Specified Organs

  • Cardiac Defibrillator Insertion

  • Cardiac Pacemaker Insertion

  • Early Parkinson's Disease

  • Moderately Severe Alzheimer's Disease

  • Osteoporosis

How Much Coverage Do You Get?

The coverage amount depends on the plan you choose when you apply. Here's how it works:

  • If you're diagnosed with a covered critical illness, you receive 100% of the insured amount .
  • If the diagnosis occurs after age 85, you receive an additional 50% of the insured amount .

For example, if your insured amount is S$100,000:

  • Diagnosis before age 85: You receive S$100,000
  • Diagnosis after age 85: You receive S$150,000 (100% + 50%)

Why Compare AIA Prime Critical Cover with other Critical Illness Options through Whatins?

Traditional Approach

  • Limited visibility into critical illness definitions
  • Single insurer's critical illness criteria
  • May miss important coverage distinctions

Whatins Advantage

  • Compare critical illness definitions across insurers
  • Understand early, intermediate, and late stage differences
  • See how different critical illness plans complement each other
  • Compare exclusions and waiting periods

How Much Does It Cost?

The premium for AIA Prime Critical Cover varies based on factors like your age, gender, smoking status, and the coverage amount you choose. While specific premium amounts aren't provided in the brochure, it's important to note that:

  • Premiums are designed to be affordable, especially considering the comprehensive coverage provided.
  • AIA Vitality members can enjoy up to 15% discount on insurance premiums .

To get an accurate quote, you'd need to speak with an AIA Financial Services Consultant who can provide personalized pricing based on your specific situation.

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Extra Benefits and Services

Health Screenings Benefit

From the 4th policy year onwards, you can claim up to S$250 every 3 years for health screening expenses . This encourages regular check-ups, which can help detect potential health issues early.

AIA Vitality

This comprehensive health and wellness program offers weekly rewards and partner benefits as you achieve health and fitness milestones. It's not just about insurance - it's about promoting a healthier lifestyle.

Real-Life Scenarios

Early Stage Cancer

Imagine you're diagnosed with carcinoma in situ (an early stage of cancer) at age 65. With AIA Prime Critical Cover: You'd receive an early payout of 10% of your insured amount (up to S$25,000) . Your coverage would continue for other conditions, with the insured amount reduced by the payout amount.

Major Critical Illness After 85

If you're diagnosed with a major critical illness like heart attack at age 87: You'd receive 100% of your insured amount plus an additional 50% due to the diagnosis occurring after age 85 .

Regular Health Screenings

Every three years from the 4th policy year, you can claim up to S$250 for health screening expenses. This can help you stay on top of your health and detect any potential issues early.

Pros and Cons

Pros

  • Coverage up to age 100

  • Easier access with reduced medical examinations

  • Comprehensive coverage for 43 critical illnesses

  • Early payouts for 7 special conditions

  • Additional 50% payout for diagnoses after age 85

  • Health screening benefits

  • Integration with AIA Vitality wellness program

Cons

  • Only available for those aged 40-70 at entry

  • Premiums may be higher compared to plans with more medical underwriting

  • Early payout amounts for special conditions are capped

Frequently Asked Questions

Can I get this plan if I have pre-existing conditions?

The plan offers easier access with reduced medical examinations, but pre-existing conditions may still affect your application or coverage. Discuss your specific situation with an AIA consultant.

What happens if I'm diagnosed with multiple conditions?

The plan pays out 100% of the insured amount upon the first diagnosis of a covered critical illness. After this payout, the policy terminates.

Can I change my coverage amount later?

You should check with AIA about options for adjusting your coverage after purchase.

What's not covered by this plan?

Like most insurance policies, there are exclusions. For example, pre-existing conditions may not be covered. Always refer to the policy contract for full details.

How do I make a claim?

Contact AIA as soon as possible after the diagnosis. They will guide you through the claim process.

Conclusion

AIA Prime Critical Cover offers comprehensive critical illness protection designed specifically for those in their middle to later years . With its focus on easier access, coverage up to age 100, and additional benefits like early payouts and health screening reimbursements, it provides a robust safety net for a range of health concerns.

However, as with any insurance decision, it's important to carefully consider your personal needs, existing coverage, and financial situation before making a choice. While the reduced medical examinations make it easier to obtain coverage, the premiums may be higher compared to plans with more stringent underwriting.

Remember, the best insurance is the one that gives you peace of mind and fits your specific circumstances. If you're considering AIA Prime Critical Cover or any other critical illness plan, it's always wise to consult with a financial advisor who can provide personalized recommendations based on your unique situation.

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By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best coverage for your golden years. Don't leave your protection to chance – get the expert advice you deserve today.

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