Things you should know about breast cancer insurance in Singapore

Things you should know about breast cancer insurance in Singapore

Breast cancer is one of the primary forms of cancer affecting women in Singapore.

According to the statistics, 29% of women in Singapore suffered from breast cancer fro m 2015-2019 . This highlights the importance of having adequate insurance coverage for this illness.

Breast cancer insurance can be in a form of micro insurance that covers breast cancer exclusively. If you are interested in getting this form of coverage, you may want to know a bit more about the coverage you will receive. Further, we have listed down a few things you need to know about breast cancer insurance in Singapore.

 The payout: Before taking any insurance plan, you want to know more about the payout and how much you can expect to get. A breast cancer insurance payout may generally offer around S$ 10,000 under one claim.  Premiums: Being a micro insurance policy, a breast cancer insurance plan is affordable. A female, between the age of 20-25 years can expect to pay a premium of up to S$9 only for insurance coverage that will last for 12 months.  Coverage: This insurance plan offers coverage for all stages of breast cancer and the coverage can be renewed automatically. It is important to check if the insurance provider has placed an age limit on those who can purchase coverage. Some insurers sell breast cancer insurance only to women between the ages of 19 to 39 years.

 How to apply for breast cancer insurance?

You can easily purchase a breast cancer insurance policy either online or through a health app or from the insurance company itself. No medical checkups are required for you in order to get coverage. All you need to do is sign a health declaration and you will be able to enjoy your active coverage.  Waiting/survival period: It is important to note that the breast cancer insurance plan comes with both a waiting and survival period. The waiting period can last for 90 days from the start of the policy and the survival period can last for 7 days upon initial diagnosis of breast cancer.  Critical illness insurance: If you are looking for wider coverage, then you may want to consider opting for a critical illness insurance plan. This plan covers you against a wide range of diseases such as cancer, heart attacks, end-stage kidney failure, etc. You get a lump sum payout which can be used to help manage your finances while you receive treatment for your illness. This ensures that you are better protected against such instances.

It is advised that you read the inclusions and exclusions of the breast cancer insurance policy before purchasing your plan. It is also vital to conduct thorough research and compare different insurance policies online. This way you will be able to select a plan which is best suited to your needs and fits all your requirements. For additional information, you can visit the website of the insurer and get a better understanding of what is included in the plan.  You can even visit our Social sites: Facebook:- https://www.facebook.com/PrudentialSingapore/ LinkedIn:- https://www.linkedin.com/company/prudential-assurance-company-singapore/ YouTube:- https://www.youtube.com/channel/UCWs_Qg2Rahok4kORir5w4eQ Instagram:- https://www.instagram.com/prudentialsingapore/?hl=en