Serious illnesses can strike without warning and disrupt both your health and income. A critical illness (CI) diagnosis may take months, or even years, to recover from, placing long-term strain on your finances. In Singapore, critical illness insurance has long been a core part of financial planning because it provides a lump-sum payout upon diagnosis of a major illness. However, as medical care improves and more people live longer with chronic or recurring conditions, traditional single-pay CI plans may no longer offer sufficient long-term protection. As a result, multi-pay critical illness plans have become increasingly popular. This guide explains what multi-pay CI plans are, how they work, their key features and limitations, and who should consider them. What are multi-pay critical illness plans? Unlike traditional CI plans that usually end after one successful claim, multi-pay critical illness plans continue coverage beyond the first payout. They allow policyholders to make multiple claims, subject to policy limits and conditions....