Etiqa S’pore unveils CI plan, supports mental health conditions

Coverage is provided for psychiatrist consultations, which are up to eight claims.

Etiqa Insurance Singapore introduces Essential Critical Secure, a comprehensive Critical Illness (CI) plan providing coverage for 111 CI and mental health conditions. 

“Many Singaporeans remain under-protected against CI, with an average CI protection gap of 74%. Coupled with rising medical costs, there is a growing need for accessible and robust insurance solutions to safeguard individuals from the financial burden associated with CI,” the insurer said in a press release.

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The plan features affordable premiums, including a first-in-market Continuous Care Benefit offering monthly cash payouts of up to 200% of the original sum insured in addition to a 100% lump sum payout upon diagnosis of severe critical illness.

For its mental health focus, coverage is provided for psychiatrist consultations (up to eight claims) upon the diagnosis of Mild Depression or Generalised Anxiety Disorder after the first policy year, and an accelerated lump sum benefit of 20% of the sum insured will be paid out upon the diagnosis of any one of the five covered severe mental health conditions, elaborated Etiqa.