ECI insurance has a pretty interesting history. A 2008 study showed that only 5% of people who had bought Critical Illness (CI) insurance had claimed up-to-date. Because this statistic was pretty staggering, it made CI plans look pretty useless.
Why would I buy something that I’m not going to claim on, despite the fact Singapore was already starting to show high rates of CI? This, coupled with the economic crisis, kept insurance companies under heavier scrutiny and regulat
The way I see Early Critical (ECI) is that it's a way of evening out the odds. As tech advances, the average Singapore life expectancy also improves. People die older and live with weakened immunity systems longer (8 out of your 82 years of your life, in fact). Throw in Singapore's stress levels and increasingly drug-resistant diseases and you have increased rates of critical illnesses such as cancer and cardiovascular conditions. A study showed that only 20% of working adult