TM Multicare plan (TMMC) vs AVIVA My Multipay Critical Illness (MPCI)

Multiple Critical Illness (CI) plans are about the most comprehensive way to insure for critical illnesses if you are looking for protection that ranges from early illnesses to cancer relapse claims.

The Aviva My Multipay Critical Illness III (MPCI) plan matched up in this latest version to The TM MultiCare critical illness plan (TMMC) to offer you comprehensive coverage.

I'd highlight to you the key differences between the plan. Both have strong reasons why many use them.

Why buy Multiple CI plans in the first place?

According to this Straits Times article, 36 people are told that they have cancer each day in Singapore.

Stage 3B breast cancer patients face a 70 per cent to 90 per cent recurrence within 10 years, while 80 per cent of colorectal cancer patients are subsequently diagnosed with liver cancer.

Hence, plans with recurring cancer coverage has use.

Kidney failure statistics in Singapore are looking bad and every day in Singapore, 4.7 new kidney patients are diagnosed. This means over 1,700 cases of kidney failure a year

All this means that surviving past once CI and having more than one CI is very real which means that a traditional CI coverage may NOT be sufficient.

How do Multiple CI claims work in Tokio Marine Multipay and AVIVA MyMultipay CI work.

Firstly for these 2 plans, Multiple CI plans allow you to claim up to 2 Early Critical Illness if it is from a "different illness pot/group".

No waiting period is needed.

Secondly, these 2 plans allow you to claim up to 3x (300%) for a first critical illness condition.

A $100,000 sum assured plan allow you coverage for $300,000 if a CI stage claim occurs.

Thirdly, these 2 plans allow you to claim for a second condition again (Differences in limits and terms&conditions will be explained more below).

Hence, both these plans are comprehensive and offer great value for critical illness coverage as compared to a normal early critical illness plan or critical illness plan.

Singlife Critical Illness plan is different in this aspect but also covers multiple CI. 

Click here to read more on our review of it... 

Key difference in second critical illness condition explained 

Aviva My Multipay CI plan pays 150% of sum assured if your second claim is for cancer, heart attack or stroke (if your first CI claim was not one of them) - Layer 3 and 4.

It can also pay 150% for re-diagnosed cancer, recurrent heart attack and recurrent stroke - Layer 3 and 4.

All must be with a 2 year waiting period.

TM MultiCare CI plan (TMMC) pays 300% of sum assured if your second CI claim is for a different group - Layer 2. 

This aspect TMMC is better.

TMMC pays only 100% for re-diagnosed cancer (up to 2 times) with a 2year waiting period - Under Layer 3 

This aspect AVIVA MPCI is better.

TMMC does not pay for recurrent heart attack and recurrent stroke unlike AVIVA MPCI.

This aspect AVIVA MPCI is better.

Summary and how to purchase now

I've arranged for both plans for many private clients and they both have strengths. 

Both the Tokio Marine MultiCare CI and AVIVA My Multipay CI plan provide you cover for relapse cancer which is valuable.

^AVIVA My Multipay CI plan is often slightly cheaper for the same age group. It can also be bundled with a term plan for covering you if you want.

To purchase now, email to Josh.tan@promiseland.com.sg or

contact me below on WhatsApp for a preliminary meeting

Last updated on June 8th, 2020 at 10:13 pm

Josh Tan Jian Liang (CHFC) Principal Author

REVIEWS: https://theastuteparent.com/josh-tan Practising financial planner with Promiseland Independent Pte Ltd. EXPERIENCE: More than 13years. Josh Tan is a young parent, speaker, author and founder of TheAstuteParent.

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