Are my Shield plans enough to cover me for cancer?

Are you concerned about the potential costs of cancer drugs and/or treatments?

Phuan Wei Ning
Phuan Wei Ning11 Oct 2023 4332 Views

The recent changes to cancer coverage from MediShield and Integrated Shield Plans have led to the introduction of the Cancer Drug List (CDL) by the Ministry of Health (MOH). This means that going forward only cancer drugs on the approved CDL will be covered by MediShield and Integrated Shield Plans. Drugs and/or treatments outside of the CDL will not be claimable under MediShield and Integrated Shield Plans.

If you are concerned about the potential costs of these cancer drugs and/or treatments, a plan that offers lump sum pay-out for cancer diagnosis may be suitable for you.


iFAST Digital Term for affordable cancer coverage

Introducing iFAST Digital Term, a fully digital insurance solution that is underwritten by Raffles Health Insurance (RHI). This is a term insurance plan and covers for death and terminal illness. Riders are also available for add-on should you wish to enhance your coverage.

Providing coverage for all stages of cancer, Cancer 360 is a rider that can be added onto iFAST Digital Term plan. This rider provides a lump sum pay-out for all stages of cancer, including upon diagnosis of early-stage cancer.

Cancer 360 rider pays on an additional basis thus giving cancer coverage in addition to what is selected for your core plan. As shown in the table above, claims paid out for Cancer 360 rider will not reduce the sum assured of your core iFAST Digital Term plan. Coverage starts from $50,000 and is offered for up to $300,000 for Cancer 360.

Tip: As cancer riders for iFAST Digital Term are offered on an additional basis, you may purchase $50,000 death coverage and up to $300,000 Cancer 360 coverage.


Affordable term life coverage with iFAST Digital Term

And enjoy up to 45% commission rebates!

or Click here if you would like to speak to us



Available Products on FSMOne Insurance

Term Life, Whole Life, Critical Illness, Annuity, Health, Endowment, General Insurance (Personal and Commercial)


from AIG, Allianz, Chubb, Etiqa Insurance, FWD Insurance, Great Eastern, Manulife, Income, QBE, Raffles Health Insurance, Sompo, and Tokio Marine Life Insurance


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


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Disclaimer:

*Profile: Age 30 (birthdate: 01/01/1993), non-smoker female. Actual cost paid by the client may be lower due to commission rebates.

The iFAST Digital Term plan is eligible for iFAST members aged between 18 years old to 65 years old, and is automatically renewable every year up to 70 years old. Renewal premium is based on life assured’s attained age. Premiums are not level and will increase with age.

This plan does not have a 14 day free-look period. In the event of termination, no premiums will be refunded, and the upcoming policy renewal will be terminated. More details including the terms and conditions of the plan can be found here.

Please note that a life policy is not a savings account or deposit.

By proceeding, you acknowledge and consent to the collection, use and disclosure of my personal data by iFAST and Insurer(s) for the purpose of processing my insurance application and administration.

All materials and contents found in this advertisement are strictly for information purposes only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. You may wish to seek advice from a financial adviser representative before making a commitment to purchase the product. In the event that you choose not to seek advice, you should consider whether the product in question is suitable for you. Full details of the standard terms and conditions of this plan can be found in the relevant policy contract.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Information is accurate as at 26 September 2023.

Please read our full disclaimers on the website at (https://secure.fundsupermart.com/fsm/fsm/disclaimer)

All materials and contents found in this site are strictly for general circulation and informational purposes only and should not be considered as an offer, or solicitation, to deal in any of the funds or products found/identified in this site. While iFAST Financial Pte Ltd ("IFPL") has tried to provide accurate and timely information, there may be inadvertent delays, omissions, technical or factual inaccuracies and typographical errors. Any opinion or estimate contained in this report is made on a general basis and neither IFPL nor any of its servants or agents have given any consideration to nor have they or any of them made any investigation of the investment objective, financial situation or particular need of any user or reader, any specific person or group of persons. You should consider carefully if the products you are going to purchase are suitable for your investment objective, investment experience, risk tolerance and other personal circumstances. If you are uncertain about the suitability of the investment product, please seek advice from a financial adviser, before making a decision to purchase the investment product. Past performance is not indicative of future performance. The value of the investment products and the income from them may fall as well as rise. Opinions expressed herein are subject to change without notice. In respect of any matters arising from, or in connection with the said research analyses or research reports, recipients of the report are to contact IFPL at 10 Collyer Quay, #26-01 Ocean Financial Centre Building, Singapore 049315, or by telephone at +65 6557 2853. Where the report contains research analyses or research reports from a foreign research house and if the recipient of such research analyses or research reports is not an accredited investor, expert investor, institutional investor or an ex-accredited investor, IFPL accepts legal responsibility for the contents of such analyses or reports to such persons only to the extent as required by law. Please note that only certain security(ies) herein are available to all investors, while the rest are only available for certain persons to invest in, such as Accredited Investors (as defined in the Securities and Futures Act) or one who invests at least S$200,000 (or its equivalent currency) per transaction. To qualify as an Accredited Investor, one needs to submit a declaration form and certain relevant supporting documents, according to iFAST’s prevailing policies and procedures.

Please read our full disclaimers on the website at ( https://secure.fundsupermart.com/fsmone/policies/328125/investment-account-terms-&-conditions).

iFAST Financial Pte Ltd (IFPL) (registered address: 10 Collyer Quay #26-01 Ocean Financial Centre Singapore 049315, Telephone: 6557 2000) holds the Financial Advisers Licence issued by the Monetary Authority of Singapore ('MAS') to conduct regulated activities of advising on securities, marketing of collective investment schemes and arranging of any contract of insurance in respect of life policies, other than a contract of reinsurance and the Capital Markets Services Licence issued by the MAS to conduct regulated activities of dealing in securities and providing custodial services for securities. While IFPL has made every effort to ensure the independence of the report's contents, IFPL's nature of business is such that IFPL and its connected and associated entities together with their respective directors, officers and staff may be involved in providing dealing or investment-related services in the abovementioned securities, and have taken or may take positions in the securities mentioned in this report, and may also act as the principal for any buy or sell trades.