Newly launched (Aug2020)AVIVA MyMultiPay CI IV is a comprehensive critical illness (CI) standalone term coverage plan.
This plan uses the new CI definition and total claims can be up to 900%.
With medical science, recovery from CI is very possible. Statistics show that 4 in 10 stroke patients will suffer another stroke within the next 10 years.
Hence, Multi-paying CI plans are the way moving forward and does not cost substantially more.
In this article, I’d help you understand how it works for you!
How to understand the plan quickly
My MultiPay Critical Illness Plan IV provides payouts for 132 conditions across various stages of critical illnesses.
Upon diagnosis of any one of the 72 Early or Intermediate Stage Critical Illnesses covered, 100% of the Sum Assured will be payable.
Upon diagnosis of any one of the 60 Severe Stage Critical Illnesses covered, 300% of the Sum Assured less any claim paid for the Early and Intermediate Stage of the same CI Group will be payable.