Pls take note. Iterm only covers terminal illness. Definition of terminal illness means a medical doctor diagnosis of a patient with only 12 months to live. Terminal illness differs from the definition of critical illness. Critical illness in current perspectives means any of the 30 kinds of illiness ((*Heart attack, Stroke, Major cancers, Coronary artery By-pass surgery, Kidney failure, Fulminant hepatitis, Major organ / Bone marrow transplantation, Blindness (Loss of Sight), Paralysis (Loss of Use of Limbs), Primary pulmonary hypertension, Multiple sclerosis, Alzheimer's disease / Severe dementia , Surgery to aorta, Coma, Deafness (Loss of Hearing), Heart valve surgery, Loss of speech, Major burns, Terminal illness, HIV Due to Blood Transfusion and Occupationally Acquired HIV, End stage lung disease, End stage liver failure, Motor neurone disease, Muscular dystrophy, Parkinson's disease, Aplastic anaemia, Angioplasty & other invasive treatment for coronary artery, Bacterial meningitis, Benign brain tumour and Encephalitis).
For example, if A discovered through a medical checkup that he has renal failure (Kidney failure) and need to go for dialysis. If A bought the NTUC iTerm, iTerm will not pay him a lump sum payment of 100k (if SA is 100k). iTerm will not pay anything at all unless he is dead or due to some complications in kidney failure that causes his medical diagnosis with only 12 months to live. However, if A had bought critical illness coverage, be it a term life or life insurance rider, he will be paid a lump sum of $100k. Again depending on whether he bought a normal life insurance with escalated cover or death+CC cover. Escalated cover will pay him $100k (If SA is $100K) and the insurance will cease itself upon payment. Life insurance with rider + cc cover will pay him $100k CC SA and the normal life coverage for death + TPD still operates. That is the difference.
Therefore, a term cover with cc will definitely cost more than a term with terminal illness only.