Critical Illness Insurance Calculator
How to use
How to Use Our Early Critical Illness (ECI) & Critical Illness (CI) Insurance Calculator
Our calculator helps you estimate how much coverage you may need for both Early Critical Illness (ECI) and Critical Illness (CI), based on your income and current coverage.
- Step 1: Input Your Current Gross Monthly Income
- Enter your monthly income before CPF and taxes (i.e., your gross salary).
- This figure helps the calculator estimate the recommended coverage amount as a multiple of your annual income.
- Step 2: Input Your Current ECI or CI Coverage
- For ECI coverage: Enter the total sum assured for Early Critical Illness in your existing policies.
- For CI coverage: Enter the total sum assured for Critical Illness in your existing policies.
- If you are unsure or do not have coverage, enter 0.
- Step 3: Select Your Desired Coverage Multiple
- For ECI Coverage: Select between 1× to 3× your annual income.
- Example: If your annual income is $60,000 and you choose 2×, your recommended ECI coverage is $120,000.
- For CI Coverage: Select between 3× to 5× your annual income.
- Example: If your annual income is $60,000 and you choose 4×, your recommended CI coverage is $240,000.
- For ECI Coverage: Select between 1× to 3× your annual income.
- Step 4: Calculate Your Coverage Gap
- The calculator will compare your recommended coverage with your current coverage.
- You’ll see how much more ECI or CI coverage you may need to adequately protect yourself.
Understanding the Limits of Our Tool
While this calculator provides a useful estimate, keep in mind the following:
- Guideline Only:
- The multiples (1–3× for ECI, 3–5× for CI) are based on general financial planning practices.
- Your actual needs may be higher or lower depending on factors like debts, dependents, lifestyle, and medical history.
- Income-Centric Approach:
- The calculator bases coverage on income multiples only. It does not factor in assets, liabilities, or other financial resources you may already have.
- Coverage Types Differ:
- ECI coverage typically pays out during earlier stages of illness.
- CI coverage usually pays out at major/late stages of critical illness. Both are important but serve different purposes.
- Affordability Matters:
- The calculator shows what is recommended, but the right coverage for you should also fit within your budget and premium affordability.
- Policy Specifics Vary by Insurer:
oEach insurer’s CI/ECI definition, exclusions, and payout terms may differ. Always review your policy documents carefully.
👉 Use this calculator as a starting point to understand your potential coverage needs, then consult with a licensed financial advisor to tailor coverage to your personal situation.
Critical Illness (CI / ECI) Calculator
While this calculator provides a useful estimate, keep in mind the following:
- Guideline Only:
- The multiples (1–3× for ECI, 3–5× for CI) are based on general financial planning practices.
- Your actual needs may be higher or lower depending on factors like debts, dependents, lifestyle, and medical history.
- Income-Centric Approach:
- The calculator bases coverage on income multiples only. It does not factor in assets, liabilities, or other financial resources you may already have.
- Coverage Types Differ:
- ECI coverage typically pays out during earlier stages of illness.
- CI coverage usually pays out at major/late stages of critical illness. Both are important but serve different purposes.
- Affordability Matters:
- The calculator shows what is recommended, but the right coverage for you should also fit within your budget and premium affordability.
- Policy Specifics Vary by Insurer:
- Each insurer’s CI/ECI definition, exclusions, and payout terms may differ. Always review your policy documents carefully.