Get Quote

What is Cancer Insurance?

  • Cancer insurance is a standalone term plan that covers all stages of cancer
  • Cancer insurance will pay the insured a lump sum payout upon diagnosis of early, intermediate or advanced stage Major Cancer
  • Cancer insurance typically offers affordable premium and simplified underwriting for easy application
  • Depending on the insurance providers, the sum assured payout will depends on the stage of the Major Cancer

 

 

Why do you need Cancer insurance?

  • According to MOH1, Cancer is the number one principal cause of death in Singapore
  • W.e.f 1st April 2023, there will be a revision for outpatient Cancer Drug treatment to rein rising cost of treatment. The changes will allow a list of clinically proven cost-effective drug treatment to be claimable under Medishield Life. It is expected that there will be a small proportion of patients who may find their treatment will either be no longer claimable if the drug is not on the list of approved drugs. 
  • Cancer insurance can help alleviate any financial burden that can come from treatment cost.

 

https://www.moh.gov.sg/resources-statistics/singapore-health-facts/principal-causes-of-death

Compare the top Cancer Insurance plans from:

 

(China Life Cancer Guardian)

 

 

- Policy Term: Yearly renewable till age 100

 

- Choice of sum assured: $50,000/ $100,000/ $200,000/ $250,000/ $300,000

 

- Receive 100% of sum assured upon early Cancer diagnosis

 

- Receive 100% of sum assured (less any early claim) upon advanced Major cancer diagnosis

 

- No claim discount of 8% of premium paid in the preceding year starting from the 2nd policy renewal year

 

 

 

(Etiqa Essential Cancer Care)

 

 

- Policy Term:  5/10years renewable/ 20 years/ Till age 65

 

- Choice of sum assured: $50,000/ $100,000/ $150,000/ $200,000/ $250,000

 

- Receive 50% of sum assured upon early Cancer diagnosis

 

- Receive 100% of sum assured (less any early claim) upon advanced Major cancer diagnosis

 

- Receive additional monthly payout of 1% of sum assured for 12 months upon Major Cancer diagnosis

 

 

 

 (Protect Cancer)

 

- Policy Term: Yearly renewable till age 85

 

- Choice of sum assured: $50,000 - $100,000

 

- Receive 50% of sum assured upon early cancer diagnosis

 

- Receive 100% of sum assured (less any early claim) upon advanced Major cancer diagnosis

 

 

 (TotalProtect Cancer)

 

 

- Policy Term: 10/15/20/25/30/ Till age 75/ Till age 85

 

- Choice of sum assured: $50,000 - $500,000

 

- Receive 100% of sum assured upon early cancer diagnosis

 

- Receive 150% of sum assured (less any early claim) upon advanced Major cancer diagnosis

 

- Receive additional 2% of sum assured for 25 months upon advanced Major cancer diagnosis

 

- Cancer wallet benefit

 

- ICU benefit

 

- Persistent Advance cancer benefit

 

(Cancer protect)

 

- Policy term: 10 years renewable

 

- Choice of sum assured: $50,000/ $80,000/ $100,000

 

- Receive 25% of sum assured upon early cancer diagnosis

 

- Receive 125% of sum assured (less any early claim) upon advanced Major cancer diagnosis

 

- Accidental death benefit of 100% of sum assured

Policy Comparison

 

Insurer Etiqa Tokio Marine Tokio Marine Income China Life
Plan Name Essential Cancer Care Protect Cancer TotalProtect Cancer Cancer Protect Cancer Guardian
Death Benefit $3000 $5000 $10,000 $5000 $5000
Accidental Death benefit $3000 $5000 $10,000 100% of sum assured $5000
Early Cancer Payout 50% of sum assured 50% of sum assured 100% of sum assured 25% of sum assured 100% of sum assured
Advanced Major cancer payout 100% of sum assured (less any early claim) 100% of sum assured (less any early claim) 150% of sum assured (less any early claim) 125% of sum assured (less any early claim) 100% of sum assured (less any early claim)
Additional features Additional monthly payout of 1% of sum assured for 12 months upon Major Cancer NA

1. Additional monthly payout of 2% of sum assured for 25 months upon Major Cancer


2. ICU benefit of 50% of sum assured


3. Cancer wallet benefit


4.Persistent Advanced Major cancer benefit after 2 years of first Major cancer diagnosis

NA No Claim discount of 8% of  premium paid in the preceding year of policy term upon renewal

 

 

Premium Comparison

 

Insurer Etiqa Tokio Marine Tokio Marine Income China Life
Plan Name Essential Cancer Care Protect Cancer Total Protect Cancer Cancer Protect Cancer Guardian
For policy term of 10 years, sum assured of $100,000

Annual Premium for Male, Non smoker age 30

$237 $156 $250 $207 $144
Annual  Premium for Female, Non smoker age 30 $333 $258 $427 $326.65 $250
Annual  Premium for Male, Non smoker age 40 $382 $263 $542 $334.60 $260
Annual  Premium for Female, Non smoker age 40 $678 $515 $1032 $528.45 $568
Upon Early Cancer diagnosis $50,000 $50,000 $100,000 $25,000 $100,000
Upon Advanced Major Cancer diagnosis $100,000 (less any early Claim) $100,000 (less any early Claim) $150,000 (less any early Claim) $125,000 (less any early Claim) $100,000 (less any early Claim)

 



How does Cancer insurance coverage works?
Guaranteed renewable for certain providers
Client can choose to renew the policies upon policy expiry
No claim discounts for certain providers
Clients enjoy no claim discount upon policy renewal if there is no claim being made
Early and advance stage cancer payout
Covers lump sum payout in the event of cancer diagnosis for both early and advance stages
Death benefit
Payout a lump sum upon insured's death
Let’s talk
Please feel free to contact us and we will get back to you as soon as we can.
Full Name *
Date of Birth *
Email *
Contact Number *
Gender *
I am looking for *
Any Remarks *
Captcha *
Send
Visit Us (Appointment Basis Only)
150 South Bridge Rd, (S) 058727
Monday - Sunday
9:00am - 7:00pm