Cancer Insurance Plan in Singapore

Tailored Plans For All Your Needs

Cancer Plan

A basic cancer insurance plan.

Choose from a renewable term of 10, 15 or 20 years. You can remain covered until age 85.

Cancer Plus Plan

An extensive Cancer plan that covers all stages of illness.

Choose from a renewable term of 10, 15 or 20 years. You can remain covered until age 85. Payouts for early and intermediate stage cancers will be an acceleration of the late stage cancer benefit.

With Cancer Plan, you are covered for:

All late stage cancers

Upon a diagnosis, you will receive 100% of the sum assured.

Death

Upon the event, your beneficiaries will receive a S$5,000 death benefit.

With Cancer Plus Plan, you are covered for:

Early stage cancers

25% payout of the sum assured.

Intermediate stage cancers

50% payout of the sum assured.

Late stage cancers

Upon a diagnosis, you will receive 100% of the sum assured or the balance amount less previous payouts.

Death

Upon the event, your beneficiaries will receive a S$5,000 death benefit.

Recurrent Benefit

If you suffer a relapse or if you receive a diagnosis for a new type of cancer, a claim can be made for any stage of the cancer, subject to terms and conditions.

Tailored Plans For All Your Needs

Cancer Plan

A basic cancer insurance plan.

Choose from a renewable term of 10, 15 or 20 years. You can remain covered until age 85.

With Cancer Plan, you are covered for:

All late stage cancers

Upon a diagnosis, you will receive 100% of the sum assured.

Death

Upon the event, your beneficiaries will receive a S$5,000 death benefit.

Cancer Plus Plan

An extensive Cancer plan that covers all stages of illness.

Choose from a renewable term of 10, 15 or 20 years. You can remain covered until age 85. Payouts for early and intermediate stage cancers will be an acceleration of the late stage cancer benefit.

With Cancer Plus Plan, you are covered for:

Early stage cancers

25% payout of the sum assured.

Intermediate stage cancers

50% payout of the sum assured.

Late stage cancers

Upon a diagnosis, you will receive 100% of the sum assured or the balance amount less previous payouts.

Death

Upon the event, your beneficiaries will receive a S$5,000 death benefit.

Recurrent Benefit

If you suffer a relapse or if you receive a diagnosis for a new type of cancer, a claim can be made for any stage of the cancer, subject to terms and conditions.

Do I Need Cancer Insurance?

Cancer is the leading cause of death

The incidence of cancer has been rising worldwide in recent years. In Singapore, it’s estimated that about 35 people² are diagnosed with cancer every day.

The cost of treating cancer is high

The costs of cancer treatment in Singapore can go beyond S$31,000 and S$46,000 in private hospitals/clinics³. Health insurance can help to a certain extent, but it may not completely cover all costs associated with being ill with cancer.

Cancer Insurance can help in many ways

It provides peace of mind that you’ll have cash in hand as a financial back-up. The lump-sum can be used to defray any unexpected expenses or used to offset any medical costs, should you reach the limits of your health insurance.

FAQ

The base plan is a regular premium protection plan that covers Cancer. A lump sum of $5,000 is payable upon the death of the life assured. If the life assured is diagnosed with any of the cancer, we will pay the base benefit sum assured.

This plan is available for Singapore residents who are Singapore citizen, Singapore Permanent Resident or foreigner holding any of the following valid passes:

Employment Pass

Dependent Pass

Long Term Visitor’s Pass

S Pass

EntrePass

The life assured must be between 18 and 65 years of age.

If the life assured is diagnosed with Early Stage or Intermediate Stage Cancer and has claimed under those benefits, the policy will remain in-force and he can still claim again if the cancer relapses or he is diagnosed with new cancer that is unrelated to the previous ones, until 100% of the Sum Assured is paid out under the policy.

Please note that waiting period of 90 days from date of remission diagnosis applies for cancer relapse situation.

The Sum Assured reduces due to admitted claims but the same premium remains payable.

Scenario 1

If the life assured is diagnosed with Early Stage Cancer and Intermediate Stage Cancer and then Late Stage Major Cancer, the payout will be 25%, 50% and 25% of the original Sum Assured respectively, such that the total payout is 100% of the Sum Assured. The policy terminates thereafter.

Scenario 2

If the life assured is diagnosed with Early Stage Cancer and Late Stage Major Cancer, the payout will be 25% and 75% of the original Sum Assured respectively, such that the total payout is 100% of the Sum Assured. The policy terminates thereafter.

The policy will automatically renew at the end of the selected policy term for the same sum assured and same term, provided that no claims had been admitted under the policy and the attained age of the life assured upon renewal does not exceed the maximum renewal age.

If the attained age at the end of the renewed term exceeds the maximum coverage expiry age, the renewed term will be reduced to expire at that maximum coverage expiry age.

The premium for such renewal will be based on the attained age of the life assured at renewal.

The policy owner can cancel any renewal within 14 days from the renewal date without incurring a penalty.

Waiting period
There is a 90-day waiting period from the policy issue date or the latest reinstatement date (whichever is later) before you can make a claim.

For the Recurrence Benefit to be claimed, the Early-stage Cancer or Intermediate-stage Cancer has to be diagnosed as in remission, ninety (90) days before the relapse diagnosis of the same stage and type of Cancer.

Survival period
The life assured must survive 7 days after the date of diagnosis of the Stage of Cancer applicable to the plan purchase, before the selected sum assured for the benefits is payable. Otherwise, only the death benefit under the base plan will be payable.

Important Notes

^Based on a 10-year plan with S$20,000 cover for a 30-year-old male non-smoker.
1 Cancer Incident in Singapore, National Cancer Center Singapore
2 Singapore Cancer Registry Annual Registry Report 2015, National Registry of Diseases Office.
3 Ministry of Health, Benchmark fees for Breast cancer removal and Lung cancer treatment without surgery
The information on this page is meant for your general knowledge and does not regard any specific investment objectives, financial situations or particular needs any person might have.
Before making a commitment to purchase this product, you should consider whether the product is suitable for you by referring to the product summary, terms and conditions and FAQs.
Alternatively, you may wish to seek advice from our third-party financial advisers. Tell us what you’re looking for and one of our representatives will reach out to you.
This policy is protected under the Policy Owners’ Protection Scheme administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association or Singapore Deposit Insurance Corporation Limited (SDIC).
Information is correct as at 19 September 2019
This advertisement has not been reviewed by the Monetary Authority of Singapore.

Cancer Plans

Safeguard yourself against the financial burden of cancer