HSBC Life Diamond Prestige IUL
June 18, 2024
China Taiping i-Assure 99
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Raffles Critical Illness Plan is a standalone critical illness plan that covers for 37 critical illnesses with an option for early and intermediate stage critical illness coverage.
It offers easy application with no medical examination required. Fulfil only 3 simple health declaration questions to be enrolled in Raffles Critical Illness Plan. No further medical underwriting is required.
Premiums are not level though, choose between yearly or 5year renewable term. This upfront focuses on shorter term commitments in boosting your existing critical illness coverage as required.
Some things to note. This review post will get dated. And the product might not be available for new subscriptions at some point. Hopefully this serves as reference for future policyholders who have forgotten what they have taken up.
There can be shifts in planning narratives over time. For example, limited premium tenures gain popularity over the years because people are less confident of their future earning capacity or sustainability of income levels. Regular payout features gained popularity when more and more people are in tune with the FIRE (Financial independence retire early) movement. An extended period of low interest rates brought down insurance products’ returns yield for policy holders, but now in a rising interest rates environment, things are set to change.
Raffles Critical Illness Plan may or may not fit into your financial plans. Understand that there is no best plan for all time, but there is a method to objectively facilitate your decisions. Read more about it here.
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