Comparing Term and Whole Life Critical Illness Insurance 2022
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Term Critical Illness (“Term CI”) Insurance mainly covers life threatening diseases over a fixed time period. A fixed lump sum benefit is payable if the insured is diagnosed with a pre-defined illness. Term CI insurance products are usually with fixed premium and coverage term of 1, 5 or 10 years, mostly with guaranteed renewability up to a certain age. 10Life rates Term CI products based on the coverage under the major diseases including cancer, heart disease, stroke and other critical illnesses, and in case of death. Some products in the market cover only the top 3 critical illnesses (cancer, heart, stroke) and others cover a number of major critical illnesses.
We found Term Critical Illness Insurance product(s) matching your selected filters.
Sort by
Multi-CIYearly RenewalStandard Underwriting
| 9.7/10 | $5,900 | $8,306 |
10Life Rating Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details | First Year Premium | 10-year Average Premium |
Bupa | 保柏
Bupa Safe Critical Illness Insurance Scheme + Extended Major Critical Illness Benefit (Plan 8)
Product DetailsMulti-CIYearly RenewalOnline Underwriting
| 9.7/10 | $8,256 | |
10Life Rating Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details | First Year Premium | 10-year Average Premium |
Limited time offer
Enjoy 20% off in July! 40% off for 2 or more enrolments!
Product Highlights
- Lifetime benefit amount up to HK$3,300,000 in aggregate Covers 3 major critical illnesses (such as cancer, heart attack, stroke) and 5 early stage critical illnesses
- Optional Extended Major Critical Illness Benefit for 98% coverage of all serious critical illnesses Include a total of 85 conditions
- Reimburses up to HK$1,000,000 in cancer treatment expenses per year Full cover on cancer treatment costs
- Additional Cancer Benefit for second claim
- Cancer Care Programme Qualified nurses and health management professionals will provide personalised follow-up throughout your cancer journey, emotional support and a variety of health information
Promotion offer
- Enjoy 20% off for single enrolment in June, 40% off for 2 or more enrolments From now to 31 July 2022 (both dates inclusive), Enjoy 20% off for single enrolment, 40% off for 2 or more enrolments for first-year premium with annual subscriptions payment paid.
＃The Eligible Scheme must come into effect on 1 August 2022 with annual premium payment paid.
Relevant Information
* Terms and conditions apply. Please refer to the product leaflet and product provision for details.
^ Premium is calculated after 20% discount of first year premium
The above information is provided by the advertiser to promote its products and services. 10Life Financial Limited will not be responsible for any liability arising from using the information and will not make warranty or guarantee on the accuracy, completeness and timeliness of the information or for any claims and / or losses caused thereby.
Multi-CI10-year RenewalStandard Underwriting
| 9.4/10 | $3,830 | $3,830 |
10Life Rating Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details | First Year Premium | 10-year Average Premium |
Multi-CI5-year RenewalStandard Underwriting
| 9.4/10 | $3,260 | $3,835 |
10Life Rating Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details | First Year Premium | 10-year Average Premium |
Multi-CIYearly RenewalStandard Underwriting
| 9.4/10 | $2,940 | $4,161 |
10Life Rating Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details | First Year Premium | 10-year Average Premium |
Multi-CIYearly RenewalOnline Underwriting
| 9.3/10 | $2,710 | $4,209 |
10Life Rating Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details | First Year Premium | 10-year Average Premium |
Multi-CIYearly RenewalOnline Underwriting
| 9.3/10 | $1,910 | $2,855 |
10Life Rating Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details | First Year Premium | 10-year Average Premium |
Multi-CI5-year RenewalStandard Underwriting
| 9.3/10 | $3,630 | $4,660 |
10Life Rating Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details | First Year Premium | 10-year Average Premium |
Multi-CI5-year RenewalStandard Underwriting
| 9.3/10 | $3,690 | $4,840 |
10Life Rating Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details | First Year Premium | 10-year Average Premium |
Multi-CIYearly RenewalOnline Underwriting
| 8.8/10 | $2,256$1,692# | $3,358 |
10Life Rating Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details | First Year Premium | 10-year Average Premium |
We found Term Critical Illness Insurance product(s) matching your selected filters.
Generali | 忠意保險
LionGuardian PlusOne
10Life Rating :
9.7/10
Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details
First Year Premium :
$5,900
10-year Average Premium :
$8,306
Bupa | 保柏
Bupa Safe Critical Illness Insurance Scheme + Extended Major Critical Illness Benefit (Plan 8)
10Life Rating :
9.7/10
Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details
First Year Premium : $5,024 $4,019
10-year Average Premium :
$8,256
Limited time offer
Enjoy 20% off in July! 40% off for 2 or more enrolments!
Product Highlights
- Lifetime benefit amount up to HK$3,300,000 in aggregate Covers 3 major critical illnesses (such as cancer, heart attack, stroke) and 5 early stage critical illnesses
- Optional Extended Major Critical Illness Benefit for 98% coverage of all serious critical illnesses Include a total of 85 conditions
- Reimburses up to HK$1,000,000 in cancer treatment expenses per year Full cover on cancer treatment costs
- Additional Cancer Benefit for second claim
- Cancer Care Programme Qualified nurses and health management professionals will provide personalised follow-up throughout your cancer journey, emotional support and a variety of health information
Promotion offer
- Enjoy 20% off for single enrolment in June, 40% off for 2 or more enrolments From now to 31 July 2022 (both dates inclusive), Enjoy 20% off for single enrolment, 40% off for 2 or more enrolments for first-year premium with annual subscriptions payment paid.
＃The Eligible Scheme must come into effect on 1 August 2022 with annual premium payment paid.
Relevant Information
* Terms and conditions apply. Please refer to the product leaflet and product provision for details.
^ Premium is calculated after 20% discount of first year premium
The above information is provided by the advertiser to promote its products and services. 10Life Financial Limited will not be responsible for any liability arising from using the information and will not make warranty or guarantee on the accuracy, completeness and timeliness of the information or for any claims and / or losses caused thereby.
Zurich | 蘇黎世
Swiss Care Critical Illness Insurance Plan
10Life Rating :
9.4/10
Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details
First Year Premium :
$3,830
10-year Average Premium :
$3,830
Zurich | 蘇黎世
Swiss Care Critical Illness Insurance Plan
10Life Rating :
9.4/10
Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details
First Year Premium :
$3,260
10-year Average Premium :
$3,835
Zurich | 蘇黎世
Swiss Care Critical Illness Insurance Plan
10Life Rating :
9.4/10
Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details
First Year Premium :
$2,940
10-year Average Premium :
$4,161
OneDegree
InfiniCare Infinity Plan
10Life Rating :
9.3/10
Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details
First Year Premium :
$2,710
10-year Average Premium :
$4,209
OneDegree
InfiniCare Boost Plan
10Life Rating :
9.3/10
Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details
First Year Premium :
$1,910
10-year Average Premium :
$2,855
AIA | 友邦
AIA Simple Care Essence
10Life Rating :
9.3/10
Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details
First Year Premium :
$3,630
10-year Average Premium :
$4,660
Prudential | 保誠保險
Health Critical Illness Term 2
10Life Rating :
9.3/10
Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details
First Year Premium :
$3,690
10-year Average Premium :
$4,840
Bowtie | 保泰人壽
Bowtie Term Critical Illness Insurance Plan - Multiple Cover
10Life Rating :
8.8/10
Term Critical Illness Overall Score is based on the coverage under cancer, heart disease, stroke and other critical illnesses and in the case of death.Details
First Year Premium :
$2,256$1,692#
10-year Average Premium :
$3,358
Further Readings
Term Critical Illness Insurance Frequently Asked Questions
What is the difference between medical insurance and critical illness insurance?
Although both types of insurance offer health protection, their coverage and benefit payout are completely different. Medical insurance offsets the hospitalisation expenses of the insured via reimbursement. As for critical illness insurance, if the insured is diagnosed with a pre-defined illness, a fixed lump sum benefit is payable, and the insurance company usually does not limit the use of the payout.
The more critical illnesses covered, the better the plan?
While some critical illness plans cover more than 100 diseases, about 90% of the critical illness claims come from cancer, heart disease and stroke. Therefore, instead of focusing on the quantity, you should understand the needs and the definitions of the covered critical illnesses to choose a suitable plan.
Why is the definition of critical illness the key to claim success?
The definitions of covered illness often vary among different products, even for common major diseases like cancer. For example, “non-life-threatening cancers” is specifically excluded in certain products. As a result, when choosing critical illness insurance, you should understand the definitions thoroughly as they may affect your claims in the future.
What is the difference between whole life and term critical illness insurance?
Whole life critical illness insurance carries savings component. If the full sum assured has not been claimed, a cash value is available at policy surrender. It usually provides wider coverage with higher number of diseases multiple claims and life time coverage.
On the contrary, without savings component, term life critical illness insurance offers pure protection and is renewable every fixed term (e.g. 1, 5 or 10 years). The maximum coverage is generally up to age 80.
How much critical illness insurance is enough?
A key purpose of critical illness insurance is to hedge against the risk of lost income due to a major illness. Due to the potential lengthy treatment and recovery time, from a risk management standpoint, some advisors suggest 24 to 36 months of your salary as the coverage amount. However, everyone's needs are different, it is best to consult with a licensed advisor.
Remarks:
- Any premium displayed excludes insurance levy collected by the Hong Kong Insurance Authority.
- 10Life Product Comparison and 10Life Insurance Ratings are operated by 10Life Financial Limited, an authorised insurance broker with Insurance Authority License Number FB1526. 10Life Product Comparison and 10Life Insurance Ratings are developed for generic customer segments using mathematical calculations based on product information, facts and data, and are not influenced by any partnerships with or fees received from insurance companies.
- Any information on 10Life Platform ("10Life Information"), including but not limited to Product Comparison, Product Ratings, Blog Articles are intended for general education purpose and reference only and should not be constituted as any insurance, financial, investment or other professional advice or solicitation to buy insurance, financial or investment products. 10Life Information does not take into account your individual needs. Reading 10Life Information should not be considered as conducting a suitability assessment. You should only rely on information authorised by insurance companies and/or seek independent advice from licensed intermediaries before purchasing any insurance products or making any insurance decisions. While best effort is used when collecting, validating and updating 10Life Information from various channels, none of 10Life Group and its subsidiaries, affiliates, agents, directors, officers and employees will be responsible for any liability arising from using 10Life Information or for any claims and/or losses caused thereby, and no warranty or guarantee is made on the accuracy, completeness and timeliness of the information.
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