Critical Illness

TIQ 3 Plus Critical Illness Insurance: Comprehensive Protection for Life's Uncertainties

In today's unpredictable world, having the right insurance coverage can make all the difference when facing life's challenges. If you're considering TIQ 3 Plus Critical Illness insurance by Etiqa, you've come to the right place. Let's break down what this policy offers, how it can benefit you, and whether it's the right fit for your needs.

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What is TIQ 3 Plus Critical Illness Insurance?

TIQ 3 Plus Critical Illness is a yearly renewable, non-participating term policy designed to provide comprehensive protection against death and critical illnesses. This plan goes beyond basic coverage, offering protection for:

1. Death of the insured

2. Cancer (all stages)

3. Stroke with Permanent Neurological Deficit

4. Heart Attack of Specified Severity

5. Special conditions like Diabetic Complications and Severe Rheumatoid Arthritis

6. Complimentary child death cover

One of the unique features of this policy is its coverage for early, intermediate, and severe stages of critical illnesses , providing you with financial support at different phases of a health crisis.

Key Features That Set TIQ 3 Plus Critical Illness Apart

Comprehensive Critical Illness Coverage

Covers early, intermediate, and severe stages of cancer, as well as severe stages of heart attack and stroke.

Special Conditions Benefit

Provides additional coverage for diabetic complications and severe rheumatoid arthritis.

Death Benefit

Offers a lump sum payout in case of the insured's death.

Complimentary Child Cover

Provides death coverage for up to four children at no extra cost.

Yearly Renewable

The policy can be renewed annually up to age 85, offering long-term protection.

No Medical Check-up

Simplified application process with no medical examination required.

Real premiums suggested for TIQ 3 Plus Critical Illness

22, Female making $2,300 a month

Coverage:
sum assured
$100,000
total payout:
of
sum_assured
multiplier
$9
illness covered
$132
critical illness benefit:
advance:
of
sum_assured
percentage
$3
maximum:
of
sum_assured
percentage
$6
early and intermediate:
of
sum_assured
percentage
$1
recurrent critical illness:
of
sum_assured
for
specific groups
multiplier
$2
percentage
$1.5
Premium:
$931
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What Does TIQ 3 Plus Critical Illness Cover?

Death Benefit

Pays out S$20,000 if the insured passes away during the policy term. Includes complimentary cover of S$20,000 for up to four children (aged 14 days to 16 years).

Critical Illness Benefit

Cancer: Covers all stages, from early to severe. Heart Attack: Covers severe stage only. Stroke: Covers severe stage with permanent neurological deficit.

Special Conditions Benefit

Pays 20% of the sum insured (up to S$25,000) for: a) Diabetic Complications (including retinopathy, nephropathy, and amputation) b) Severe Rheumatoid Arthritis

How Much Coverage Do You Get?

The coverage amount depends on the sum insured you choose when purchasing the policy. The plan offers a maximum aggregate coverage of S$2,000,000 per insured for critical illnesses , with a cap of S$350,000 for early or intermediate stages.

For special conditions, you can claim up to S$25,000 per condition , which doesn't reduce your main sum insured.

How Does the Payout Work?

For Death

A lump sum of S$20,000 is paid out.

For Critical Illnesses

Early or Intermediate Stage Cancer: Partial payout, with remaining coverage continuing for severe stage diagnosis. Severe Stage Critical Illness: Full payout of the sum insured, after which the policy ends.

For Special Conditions

20% of the sum insured is paid out (up to S$25,000), without reducing the main sum insured.

Premiums and Renewability

The premium for TIQ 3 Plus Critical Illness is guaranteed for the first year . After that, it may be adjusted annually based on your age and prevailing rates. The policy is renewable yearly up to age 85 , provided you meet certain conditions, such as no previous claims and maintaining the same or lower sum insured.

Real-Life Scenarios

Early Stage Cancer Diagnosis

If you're diagnosed with early-stage breast cancer, you'll receive a partial payout. Your policy continues, providing coverage for potential severe stage diagnosis in the future.

Diabetic Complications

If you develop diabetic retinopathy requiring laser treatment, you can claim up to S$25,000 under the Special Conditions Benefit, without affecting your main sum insured.

Severe Heart Attack

In case of a severe heart attack, you'll receive the full sum insured, after which the policy terminates.

Pros and Cons

Pros

  • Comprehensive coverage for multiple critical illnesses and special conditions

  • Coverage for early, intermediate, and severe stages of cancer

  • No medical check-up required

  • Yearly renewable up to age 85

  • Complimentary child death cover

Cons

  • Premiums may increase at renewal

  • Coverage ends at age 85

  • Only severe stages covered for heart attack and stroke

  • Waiting period of 90 days for certain conditions

Exclusions and Limitations

Like all insurance policies, TIQ 3 Plus Critical Illness has some exclusions:

  1. Pre-existing conditions
  1. Intentional self-harm or suicide (within the first 12 months)
  1. Effects of drug or alcohol addiction
  1. AIDS-related conditions (except in specific circumstances)

There's also a 90-day waiting period for cancer and heart attack diagnoses from the policy start date or last increase in sum insured.

Frequently Asked Questions

Can I change my coverage amount later?

You may be able to adjust your coverage at renewal time, subject to underwriting.

What happens if I miss a premium payment?

The policy will end if premiums are not paid within the 30-day grace period.

Is the premium fixed forever?

No, premiums may change annually based on your age and prevailing rates.

Can I get coverage if I have pre-existing conditions?

Pre-existing conditions are generally excluded, but you may still get coverage for other conditions.

Conclusion

TIQ 3 Plus Critical Illness offers comprehensive protection against a range of health challenges , with unique features like coverage for early-stage cancers and special conditions. Its yearly renewable nature and high entry age make it accessible to many. However, like all insurance decisions, it's important to carefully consider your personal needs, budget, and existing coverage before making a choice.

Remember, the best insurance is the one that gives you peace of mind and fits your specific circumstances. If you're considering TIQ 3 Plus Critical Illness 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.

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

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Why people were suggested TIQ 3 Plus Critical Illness

Haze
Haze, 22
GenderFemale
Monthly Income$2,300
Insurance Types Suggested
  • Hospital
  • Personal Accident
  • Critical Illness
Why Critical Illness Plan A was suggested:
Critical Illness Plan A provides comprehensive coverage for critical illnesses, covering 132 conditions across early, intermediate, and severe stages. It offers a sum assured of $100,000 with a total payout of up to 900% of the sum assured. The plan also provides coverage for recurrent critical illnesses, which can be beneficial for individuals with a higher risk of recurring conditions. This plan is suitable for individuals seeking comprehensive protection against the financial impact of critical illnesses.
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