3 Things you must know about Cancer coverage Insurance in Singapore

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3 Things you must know about Cancer coverage
Insurance in Singapore

• You might be surprised to know that Cancer is one
  of the biggest killers in Singapore. According to
• This report by the National Registry of Diseases
  Office
• From 2008 to 2012, 29.5 of all deaths in
  Singapore are cancer-related.
• According to the Singapore Cancer Society, 37
  people are diagnosed with cancer every day in
  Singapore, and this rate has dramatically
  increased over the course of time.

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• However, some of the studies that have been
  recently published revealed that the Cancer
  survival rate in Singapore as well has
  significantly increased, which is due to the
  continuing advancements in medical sciences and
  rising cancer awareness.
• This contrast tells one very important thing, and
  that is to be better prepared. Not just in terms
  of living a healthy lifestyle, but also to keep
  yourself and your family protected with an
  insurance plan that can cover the cost of
  treatment if needed as well as support in case of
  an unforeseen situation.
• Here are a few important things you must know
  when you are seeking insurance in Singapore for
  cancer coverage.

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1 A good hospitalization insurance policy is
must

• Those who themselves or via someone in family
  dealt with Cancer would tell you how critical and
  expensive it is to get Cancer treatment in
  Singapore. While the patient is on
  hospitalization, not only he needs to pay high
  cost of hospitals, treatment/surgery/chemotherapy
  and medicines but also bare loss of salary that
  can cause due to not being able to work on the
  job that he was doing.
• In such a situation, having an insurance policy
  in Singapore that can cover up the cost of
  hospitalization can come in rescue.
• If you do not have a strong insurance plan taken
  yet, Make sure that you take one at the earliest.

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2) Critical illness coverage

• For critical illness like Cancer, its advisable
  to have a CI (Critical illness) cover in addition
  to hospitalization insurance coverage.
• With hospitalization insurance plans, you get to
  claim for your hospitalization fees but thats as
  far as coverage goes. You cant claim what the
  hospital doesnt charge you.
• With CI coverage, you can claim the amount
  assured (again, the exact amount depends on what
  stage your illness is at) as soon as youre
  diagnosed. This is given to you as a lump sum
  payout,

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• Which means you can use it at your own
  discretion.
• CI coverage therefore gives you more flexibility
  about how you want to use the lump sum payout
  which you can use as per your discretion.  For
  instance, you can use it for supplementary
  medical expenses, post-surgery treatments, or
  just for your daily living expenses of you and
  your family while you take time off from work.
•  

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3) Go for a Cancer-specific insurance policy

• Looking at the high-rising concerns of cancer in
  Singapore, There are companies who Offer
  cancer-specific insurance in Singapore. These are
  policies that are exclusively tailored for the
  people who have some kind of concern with cancer,
  such as a family history of cancer or other types
  of related illness.
• While there are different cancer insurance
  policies in Singapore, some of the
  cancer-specific policies allow you to make a
  claim when youre diagnosed with an early stage
  cancer.

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• Different from traditional CI coverage, this
  claim does not reduce your sum assured, which
  means that you will still get the full lump sum
  pay out should your cancer get worse
• This may prove useful since cancer is
  unfortunately an unpredictable disease and while
  the smaller pay out you received with early stage
  cancer detection may help to cover your initial
  costs in treating the disease, the treatment may
  not prevent the cancer from worsening or
  returning.
•  

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• There are in fact other benefits of taking an
  insurance policy in Singapore that is
  cancer-specific. While one might think that its
  not necessary to take yet another insurance
  policy, cancer-specific insurance in Singapore is
  an extremely important cover that not only helps
  you in better fighting in case you or your family
  member happens to acquire the disease, but also
  adds a sense of financial security in case of
  death.
• Please get in touch with us
• If you need any honest suggestions/advice on
  whether or not a cancer-spefic policy is required
  to you in your specific case and which one, if
  yes.

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More information visit this link

• http//thefinancialleaf.com/3-things-you-must-know
  -about-cancer-coverage-insurance-in-singapore/

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