fML Reviews: AXA SmartCare Critical

AXA SmartCare Critical Review

Critical illness plans are immensely useful when you experience critical illnesses, as you get a lump sum of money to help you cope during recovery. In this article, fundMyLife examines AXA SmartCare Critical and reviews its features.

What is it?

In contrast to the AXA CritiCare For Her/Him and AXA Early Stage Cover, AXA SmartCare Critical is a relatively straightforward critical illness plan that covers 30 critical illnesses at late stage. You can start when you are 18, and it is renewable until you are 65.

Notable features

Four-tiered plans

The table of benefits for the AXA Smart Critical Care. Source: AXA.
The table of benefits for the AXA Smart Critical Care. Source: AXA.

You cannot set exactly how much you want as sum assured. Instead, the AXA Smart Critical Care has four different plans, Plan A-D. Each plan provides a different lump sum payout. On top of that, the plans provide different amounts for the female and male cancer benefits, and daily hospital cash benefit.

Extra benefits for male/female cancer

On top of the usual benefits, you will get extra benefits if you get cancer that affects your sex-specific biological parts. For example, breast cancer for females and prostate cancer for males.

Daily hospital benefits

You get cash benefits whenever you’re hospitalised. This benefit is up to 60 days per insured person. The amount depends on which plan that you’re getting as well.

Affordable premiums

We took the liberty of not only providing the premium table on the brochure, but also plot them for comparison.

Premium table for male non-smoker for the four plans.
Premium table for male non-smoker for the four plans. Source: AXA.
Premium table for female non-smoker for the four plans. Source: AXA.
Premium table for female non-smoker for the four plans. Source: AXA.
Premium table for male smoker for the four plans. Source: AXA.
Premium table for male smoker for the four plans. Source: AXA.
Premium table for female smoker for the four plans. Source: AXA.
Premium table for female smoker for the four plans. Source: AXA.

Furthermore, the affordable premiums are reasonable, as the scope of diseases that the plan covers is relatively less compared to the other plans that we have reviewed.

fundMyLife Review

As basic as plans go, the AXA SmartCare Critical does its job in a cost-efficient manner. However, it covers 30 critical illnesses, instead of the usual full 37. Bear in mind that you’d need complementary plans like early critical illness plans to cover earlier stages of the disease.

Take note that there will not be any benefits given within 30 days of getting on this plan. Similarly, you’d have to wait for 90 days before you can obtain the benefits from getting cancer, heart attack, and coronary artery by-pass. In addition, you must survive for more than 30 days from the date of confirmed diagnosis of the critical illness.

Another con is that plan is yearly newable, meaning that once you enter a new age band you will have to pay a higher premium. However, the premiums remain relatively affordable as long as you go for the ones which best suit your needs.

Connect with fundMyLife financial advisers today!

We hope you enjoyed this article as much as we did preparing it! The AXA SmartCare Critical fulfills the basic need of a classic critical illness plan. Do consider it and approach your financial adviser if you’re interest in it!

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