Have you ever wondered what would happen if you were suddenly diagnosed with a critical illness? It's a sobering thought, but one that's important to consider. FWD Big 3 Critical Illness insurance is designed to provide financial protection and peace of mind in the face of life's unexpected health challenges. Let's dive into the details of this policy to help you understand if it's the right fit for your needs.

FWD Big 3 Critical Illness insurance is a non-participating critical illness plan that provides coverage for three major critical illnesses :

1. Cancer

2. Heart Attack of Specified Severity

3. Stroke with Permanent Neurological Deficit

This policy is designed to offer financial support if you're diagnosed with one of these conditions, allowing you to focus on recovery without the added stress of financial burden.

Let's break down the coverage in simple terms:

1. If you're diagnosed with cancer, heart attack, or stroke as defined in the policy:

• You'll receive a lump sum payment equal to 100% of your sum insured or the total premiums you've paid , whichever is higher

• This payout can help cover medical expenses, replace lost income, or be used however you need

2. If you pass away while the policy is active:

• Your nominated beneficiary will receive 100% of the sum insured as a death benefit

3. After a claim is paid:

• The policy ends, having fulfilled its purpose of providing financial protection

• Minimum age: 18 years old

• Maximum age: 65 years old at last birthday

The premium you pay depends on factors like your age, gender, smoking status, and the sum insured you choose. Here's a general idea of the annual premiums (including 8% GST):

• For low-risk occupations (Class 1 & 2): S$176.64 to S$898.32

• For medium-risk occupations (Class 3): S$309.12 to S$1,572.06

• For high-risk occupations (Class 4): S$441.59 to S$2,245.80

Remember, these are just examples. Your actual premium may differ based on your specific circumstances.

Payment Options:

• Annually in one lump sum

• Monthly installments

• Various payment methods including credit card auto-debit

For even more comprehensive coverage, you can add the FWD Heart & Neurological Disorder rider to your policy. This rider covers 21 additional conditions related to heart and neurological disorders, including:

• Amyotrophic lateral sclerosis

• Brain aneurysm surgery

• Cardiac pacemaker insertion

• Early cardiomyopathy

• And many more

The rider pays out 100% of the sum insured for the big 3 benefit if you're diagnosed with any of the covered conditions.

This policy might be a good fit if:

• You want focused protection against cancer, heart attack, and stroke

• You're looking for a policy with high entry age and long-lasting coverage

• You prefer a straightforward policy without complex investment components

• You want the option to add more comprehensive heart and neurological coverage

However, it might not be suitable if:

• You're looking for a policy that covers a wider range of critical illnesses

• You want a policy with a savings or investment component

• You're over 65 years old

Remember, while this policy offers valuable protection, it's important to consider it as part of your overall financial plan. It's designed to complement, not replace, comprehensive health insurance.

Choosing the right insurance policy is an important decision that can have significant impact on your financial future. While FWD Big 3 Critical Illness insurance offers robust protection against three major critical illnesses, it's crucial to ensure it aligns with your specific needs and circumstances.

Ready to explore your options further? Don't rely on just one perspective. Get expert insights tailored to your unique situation. Sign up now to receive 5 expert opinions on critical illness insurance. These professionals will review your specific needs and provide personalized recommendations, helping you make the most informed decision possible.

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