It’s been a while since we did a piece on cancer and critical illness insurance. Heading into 2020, we thought it was time to talk about ‘The Big C’ again. There are a few myths that need busting when it comes to cancer and critical illness insurance. Let’s take a look at what they are!
Before we go on though, if you haven’t got critical illness coverage, or you haven’t checked your life insurance plan in a while, now would be a good time to get in touch with our life insurance team. There are some great new products on the market – some of them will even help us bust some myths!
MYTH: Cancer cover is always included in an international health insurance plan.
Unfortunately, this isn’t always the case. In many basic and standard health insurance policies, cancer cover is not included. Not to worry, it is easy to purchase a specific policy that covers you for the cost of your cancer treatment. If you need some help going through your plan to see what you’re covered for, give us a call and our team will happily help!
MYTH: BUSTED! Cancer cover is not available on all expat medical insurance.
MYTH: I can’t get critical illness cover if I have already had cancer.
As of January, we are pleased to announce a plan that offers coverage for cancer if it returns to anyone that has been in remission for over three years. The plan also protects for any newly diagnosed cancers, too. This is the first plan in Singapore that has been designed to cover this gap in critical illness protection. A lump-sum payout will be provided if there is a cancer re-diagnosis or diagnosis of new cancer. The patient’s premium will also be waived for two years from the date of diagnosis of an early or intermediate cancer, as well. This is a great new development in the market, so drop our team an email to find out more and how it can help you and your family.
MYTH: BUSTED! There is a new plan available that will cover you conditionally if you have had cancer.
MYTH: I’m young and healthy. I don’t need cancer or critical illness coverage in my policy.
Sorry to break it to you, but no one is safe from cancer, and that sucks. The National Cancer Centre in Singapore reports that cancer has been on the increase since 2011 and that one in four to five people will develop cancer in Use their lifetime. Survival is an excellent outcome, but it is not an indicator of how long your life will be put on hold for if you get sick. Let’s have a look at the plus sides. Early detection, greater awareness and advances in medical technology mean that survival rates are much better than they used to be. Armed with this information, we suggest you do the following:
- Get regular health screenings from your GP. When you get these regularly, your GP can quickly detect an abnormality against your normal health markers.
- Check to see if you are covered for cancer in your health insurance policy. It isn’t always included.
- Get life insurance with critical illness cover. Even when you make a full recovery, you can expect to be out of action while you get better.
Let our teams know if you need us to check your plans out for you.
MYTH: BUSTED! The ‘Big C’ can get anyone at any time. Do everything that you can to be prepared for it.
No one wants to think about cancer. But like it or not, it has directly or indirectly affected everyone’s life. We can’t safely say that it will not happen to us. But we can try to be as prepared as possible for ourselves and our family in case it does happen. All of our teams at Expat Insurance will work together to make sure that you are covered across your life and health insurance plans, as well as offer you the best policies to suit your individual needs. Give us a call today if you have any questions at all!
