Comparing Cancer-specific Policies

With cancer on the rise in Singapore, are you prepared for the fight against it?

iFAST Insurance Team Mar 13, 2018 3768

TM Protect Cancer
Cancer Protect
Silver Protect
Insurer
Tokio Marine
NTUC Income
NTUC Income
Entry Age
Age 30 to 65
Age 30 to 64 (Age Last Birthday)
Age 50 to 74 (Age Last Birthday)
Policy term
Guaranteed renewable until age 85
Guaranteed renewal every 10 years, up till age 84 (Age Last Birthday)
Guaranteed renewal every 10 years until age 84
Multiple claims coverage
-
No reduction in sum assured even after early stage cancer claim
No reduction in sum assured even after early stage cancer claim
Additional Pay outs
-
-
For accidental fractures, receive up to 20% of sum assured in the event of a fracture due to accident.
In event of terminal cancer, receive up to 15% of your sum assured for hospice and palliative care
Death benefit
$5,000
For accidental death before age 70, 100% of sum assured will be paid (if accidental death is due to a restricted activity, pay-out will be limited to 30% of your sum assured)
For non-accidental deaths, death benefit of $5,000 will be given or 100% of premiums paid if death happens within one year from start of coverage
For accidental death, 100% of sum assured will be paid (if accidental death is due to a restricted activity, pay-out will be limited to 30% of your sum assured)
For non-accidental deaths, death benefit of $5,000 will be given or 100% of premiums paid if death happens within one year from start of coverage
Pay outs
Receive 50% of your sum assured for early stage diagnosis and 100% of your sum assured for an advanced stage diagnosis.
Receive 25% of your sum assured for early stage diagnosis (sum assured not reduced by early stage cancer benefit paid) and 100% of your sum assured on diagnosis of advanced stage cancer with additional 25% of sum assured if early stage claim not made
Receive 25% of your sum assured for early stage diagnosis (sum assured not reduced by early stage cancer benefit paid) and 100% of your sum assured on diagnosis of advanced stage cancer with additional 25% of sum assured if early stage claim not made
Waiver of future premiums
Premiums reduced upon diagnosis of early stage cancer
Add-on rider available
Premiums waived upon advanced stage cancer
Medical check-up
Not required, just answer 7 health questions
Not required, cover may be given even if there are existing non-cancer related medical conditions
Not required, coverage may be provided even for those with existing non-cancer related medical conditions (e.g. diabetes and hypertension)

For other critical illness policies refer to our previous article: "Comparing Critical Illness Policies".

How FSMOne can help you get on track

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Available Products on FSMOne Insurance

Term Life, Whole Life, Critical Illness, Annuity, Health, Endowment


from Etiqa Insurance, Manulife, NTUC Income and Tokio Marine Life Insurance


*Please check with our advisory team if the product you want is available on FSMOne Insurance


Interested to learn more? Check out these articles:

3 Things You Probably Didn't Know About Cancer

5 Ideas That Can (Almost...) Give You A Lifetime Of Income

All You Need To Know About Personal Accident Plans

Comparing Term Life Policies

The 3 Best Policies For Every Life Stage



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