Insurance

Best Cancer Insurance Singapore

Updated 29 March 2021

  • Phuan Wei Ning
  • |
  • Published on 22 Apr 2019

#1 FWD Cancer Plan

Pros

  • Only insurer to offer direct online purchase for cancer plans
  • Competitive prices
  • Only one health declaration question
  • Option for coverage of up to $200,000
  • 100 per cent pay-out upon early cancer diagnosis
  • Entry age starts at age 18
  • Receive free medical second opinion
  • Fuss-free claims with payment via paynow
  • Cons

  • Sum assured pre-determined at 3 coverage points ($50,000, $100,000 and $200,000)
  • Promotion: Use promo code "IFASTCAN30" to enjoy 30% off your FWD cancer plan.



    Suitable for: Fuss-free, cost effective coverage. Also suitable for those under the age of 30.

    May not be suitable for: Customisation of sum assured.

    *Promotions shown are accurate as of 29 March 2021 with changes subjected to the insurer's discretion.

    Offering comprehensive cancer coverage at affordable prices, FWD is our top pick for cancer insurance. With the option to purchase directly online, customers are offered a hassle-free approach with application and claims easily done online.

    Additionally, while FWD cancer insurance does not offer the option to customise your sum assured amount, we feel that this is unnecessary with the sum assured pre-determined at three varying coverage points. FWD cancer plan also pays-out 100 per cent upon diagnosis of early cancer with only one health-declaration needed to purchase. Lastly, unlike other cancer plans, the entry age for FWD cancer insurance starts at 18 years old thus allowing individuals to get protected at a younger age.

    Cost of annual premiums for $100,000 coverage for a non-smoker:

    Age 30
    Age 40
    Age 50
    Male
    $148
    $248
    $568
    Female
    $238
    $498
    $768

    *Premiums shown are accurate as of 29 March 2021 with changes subjected to the insurer's discretion.


    #2 Tokio Marine TM Protect Cancer

    Pros

  • Coverage can be increased in increments of $1,000
  • Guaranteed renewability until age 85
  • Competitive prices
  • Cons

  • Entry age starts at age 30
  • No online option for application and claims
  • Suitable for: Customisable sum assured.

    May not be suitable for: Direct online purchases or individuals under the age of 30.

    With coverage offered in increments of $1,000, TM Protect Cancer offers customisation to individuals who are looking for an extremely specific coverage amount. Coverage starts at $50,000 and can be increased up to a maximum of $150,000. Additionally, with guaranteed renewability up to age 85, TM Protect Cancer ensures that you remain covered even in the event of future health conditions.


    #3 NTUC Income Cancer Protect

    Pros

  • Receive 125 per cent of sum assured for advanced stage cancer if no claims are made for early stage cancer
  • No reduction in sum assured even after claim for early stage cancer
  • Cons

  • Low coverage amounts
  • Entry age starts at age 30
  • No online option for application and claims
  • Suitable for: Those looking to receive additional pay-outs for early stage cancer.

    May not be suitable for: Individuals under the age of 30 or those looking for high cancer coverage.

    Offering an additional 25 per cent sum assured for early stage cancer, Income Cancer Protect caters to individuals who wish receive additional pay-outs for early stage cancer. In the event that no claims are made for early stage cancer, individuals will then receive a boosted 125 per cent sum assured pay-out for the diagnosis of advanced stage cancer. With your sum assured remaining unaffected by early stage cancer claims, Income Cancer Protect reassures in the event of a diagnosis.


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