Advanced-stage cancer treatments can cost $100k to $200k yearly. Cancer treatment costs are perceived to be increasing due to medical advancements and reducing coverage on outpatient cancer treatments from the Integrated Shield plans (IPs) since the introduction of the Cancer Drug List.
Between 2016 and 2020, of the 80,753 cancer cases reported in Singapore, 49% were males and 51% were females. If your family has a history of cancer, there is statistically a higher chance of you developing it. Are you adequately covered by critical illness or cancer insurance when it strikes? Speak to an independent financial advisor to address your concerns.
Fortunately, more people are also surviving cancer. Over the last 50 years, medical advancements in cancer treatments and earlier detection have improved cancer survival rates from 18% to almost 60%. Cancer, once considered a death sentence, is curable when detected early. Living with cancer is getting more and more common. What does this mean for us?
Ensure you're adequately covered by critical illness or cancer insurance when it strikes. Compare coverage, premiums, and benefits across insurers to make a more informed decision. Compare between cancer insurance as a standalone, VS critical illness. With the right independent financial advisor guiding you, you will be given options to switch out your existing plans for new, cheaper ones, or to add on your coverage; such as a comprehensive critical illness plan.
have family history of cancer & tumours. Best value for money and fuss-free claims
are price conscious. Save 6% on yearly premiums renewal as long as no claims are made.
The main difference is the scope of the coverage. Cancer insurance covers only cancer, while comprehensive critical illness insurance covers 36 medical conditions, including cancer.
Consider a stroke: Cancer insurance won't pay, but critical illness insurance will. Because critical illness insurance covers more medical conditions, it’s also slightly more expensive than cancer insurance. And the high premiums of critical illness insurance often discourage people from getting adequate cancer coverage. Big 3 Critical Illness coverage is getting increasingly popular amongst individuals, covering mainly cancer, stroke and heart attack.
Increases chances of recovery by giving you the financial means to seek a second opinion and go for a better treatment approach.
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