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- Cancer insurance is a standalone term plan that covers all stages of cancer

- Cancer insurance will provide a lump sum payout upon diagnosis of early, intermediate or advanced stage Major Cancer

- Cancer insurance typically offers affordable premium and simplified underwriting for easy application

- Depending on the insurance providers, the sum assured payout will depends on the stage of the Major cancer

- According to MOH¹, Cancer is the number one principal cause of death in Singapore

- From April 1, 2022, to address the concerns about rising healthcare costs and the need for greater transparency in insurance coverage, integrated Shield Plans (IPs) will no longer offer "as charged" coverage for cancer treatment.

- Cancer insurance can help alleviate any financial burden that can come from treatment cost.

- Cancer insurance will provide a lump sum pay-out to the insured in the event of cancer diagnosis. The lump sum pay-out can be used to pay for any living expenses cost, medical cost or be as a form of income replacement if the insured is unable to continue working.

¹https://www.moh.gov.sg/resources-statistics/singapore-health-facts/principal-causes-of-death

(China Life Cancer Guardian)

- Policy Term: Yearly renewable till age 100

- Choice of sum assured: $50,000/ $100,000/ $200,000/ $250,000/ $300,000

- Receive 100% of sum assured upon early Cancer diagnosis

- Receive 100% of sum assured (less any early claim) upon advanced Major cancer diagnosis

- No claim discount of 8% of premium paid in the preceding year starting from the 2nd policy renewal year

(Etiqa Essential Cancer Care)

- Policy Term: 5/10years renewable/ 20 years/ Till age 65

- Choice of sum assured: $50,000/ $100,000/ $150,000/ $200,000/ $250,000

- Receive 50% of sum assured upon early Cancer diagnosis

- Receive 100% of sum assured (less any early claim) upon advanced Major cancer diagnosis

- Receive additional monthly payout of 1% of sum assured for 12 months upon Major Cancer diagnosis

(Protect Cancer)

- Policy Term: Yearly renewable till age 85

- Choice of sum assured: $50,000 - $100,000

- Receive 50% of sum assured upon early cancer diagnosis

- Receive 100% of sum assured (less any early claim) upon advanced Major cancer diagnosis

- Policy Term: 10/15/20/25/30/ Till age 75/ Till age 85

- Choice of sum assured: $50,000 - $500,000

- Receive 100% of sum assured upon early cancer diagnosis

- Receive 150% of sum assured (less any early claim) upon advanced Major cancer diagnosis

- Receive additional 2% of sum assured for 25 months upon advanced Major cancer diagnosis

- Cancer wallet benefit

- ICU benefit

- Persistent Advance cancer benefit

- Policy term: 10 years renewable

- Choice of sum assured: $50,000/ $80,000/ $100,000

- Receive 25% of sum assured upon early cancer diagnosis

- Receive 125% of sum assured (less any early claim) upon advanced Major cancer diagnosis

- Accidental death benefit of 100% of sum assured

Insurer	Etiqa	Tokio Marine	Tokio Marine	Income	China Life
Plan Name	Essential Cancer Care	Protect Cancer	TotalProtect Cancer	Cancer Protect	Cancer Guardian
Death Benefit	$3000	$5000	$10,000	$5000	$5000
Accidental Death benefit	$3000	$5000	$10,000	100% of sum assured	$5000
Early Cancer Payout	50% of sum assured	50% of sum assured	100% of sum assured	25% of sum assured	100% of sum assured
Advanced Major cancer payout	100% of sum assured (less any early claim)	100% of sum assured (less any early claim)	150% of sum assured (less any early claim)	125% of sum assured (less any early claim)	100% of sum assured (less any early claim)
Additional features	Additional monthly payout of 1% of sum assured for 12 months upon Major Cancer	NA	1. Additional monthly payout of 2% of sum assured for 25 months upon Major Cancer 2. ICU benefit of 50% of sum assured 3. Cancer wallet benefit 4.Persistent Advanced Major cancer benefit after 2 years of first Major cancer diagnosis	NA	No Claim discount of 8% of premium paid in the preceding year of policy term upon renewal

Insurer	Etiqa	Tokio Marine	Tokio Marine	Income	China Life
Plan Name	Essential Cancer Care	Protect Cancer	Total Protect Cancer	Cancer Protect	Cancer Guardian
For policy term of 10 years, sum assured of $100,000
Annual Premium for Male, Non smoker age 30	$237	$156	$250	$207	$144
Annual Premium for Female, Non smoker age 30	$333	$258	$427	$326.65	$250
Annual Premium for Male, Non smoker age 40	$382	$263	$542	$334.60	$260
Annual Premium for Female, Non smoker age 40	$678	$515	$1032	$528.45	$568
Upon Early Cancer diagnosis	$50,000	$50,000	$100,000	$25,000	$100,000
Upon Advanced Major Cancer diagnosis	$100,000 (less any early Claim)	$100,000 (less any early Claim)	$150,000 (less any early Claim)	$125,000 (less any early Claim)	$100,000 (less any early Claim)