Cancer Insurance Singapore

Comprehensive cancer insurance coverage to protect against the high costs of cancer treatment and provide peace of mind

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Why You Need Cancer Insurance in Singapore

Cancer is one of the leading causes of death in Singapore, with 1 in 4 people developing cancer in their lifetime. Treatment costs can be overwhelming, making specialized cancer insurance essential.

Rising Cancer Rates

Cancer incidence continues to increase with aging population

High Treatment Costs

Cancer treatment can cost hundreds of thousands of dollars

Financial Protection

Specialized coverage beyond basic health insurance

Singapore Cancer Statistics

1 in 4
People will develop cancer
14,000+
New cases annually
S$300K
Average treatment cost

Most Common Cancers in Singapore

Breast Cancer

Incidence Rate 1 in 13 women
Survival Rate 85% 5-year survival
Treatment Cost S$150,000-300,000

Colorectal Cancer

Incidence Rate 1 in 25 people
Survival Rate 67% 5-year survival
Treatment Cost S$100,000-200,000

Lung Cancer

Incidence Rate 1 in 80 people
Survival Rate 18% 5-year survival
Treatment Cost S$200,000-400,000

Prostate Cancer

Incidence Rate 1 in 25 men
Survival Rate 98% 5-year survival
Treatment Cost S$80,000-150,000

Top Cancer Insurance Plans in Singapore

AIA Singapore

AIA Cancer Care Plus

Coverage Up to S$1,000,000
Premium From S$35/month
Multiple claim benefit
Early stage coverage
Overseas treatment
Wellness benefit

Great Eastern

LivingCare Cancer

Coverage Up to S$500,000
Premium From S$30/month
Major cancer coverage
Minor cancer benefit
Premium waiver
Second opinion benefit

Prudential

PRUCancer 360

Coverage Up to S$2,000,000
Premium From S$45/month
Comprehensive cancer care
Preventive care
Recovery support
Family history benefit

Cancer Insurance Coverage by Stage

Early Stage (Stage 0-1)

Coverage Amount
25-50% of sum assured
Survival Rate
90-95% survival rate
Typical Treatment
Surgery, targeted therapy

Intermediate (Stage 2)

Coverage Amount
75-100% of sum assured
Survival Rate
70-85% survival rate
Typical Treatment
Surgery, chemotherapy, radiation

Advanced (Stage 3-4)

Coverage Amount
100% of sum assured
Survival Rate
30-70% survival rate
Typical Treatment
Intensive chemotherapy, immunotherapy

Early Detection Benefits

Many cancer insurance plans now provide benefits for early-stage cancers, recognizing that early detection leads to better outcomes and lower treatment costs.

What Cancer Insurance Typically Covers

Typically Covered

  • • Major cancer diagnosis (Stage 1-4)
  • • Early stage cancer benefits
  • • Chemotherapy and radiation therapy
  • • Surgical procedures
  • • Immunotherapy and targeted therapy
  • • Bone marrow transplant
  • • Hospitalization costs
  • • Second medical opinion
  • • Overseas treatment (some plans)
  • • Recovery and rehabilitation

Common Exclusions

  • • Pre-existing cancer conditions
  • • Cancer diagnosed within waiting period
  • • Skin cancer (non-melanoma)
  • • Carcinoma in situ (some plans)
  • • Cancer caused by HIV/AIDS
  • • Self-inflicted injuries
  • • Experimental treatments
  • • Alternative medicine
  • • Cancer related to substance abuse
  • • Genetic testing (preventive)

How to Choose Cancer Insurance

Assess Your Risk Factors

Consider family history, lifestyle factors, age, and environmental exposure to determine your cancer risk level.

Determine Coverage Amount

Calculate potential treatment costs and choose coverage that provides adequate financial protection for your situation.

Compare Plan Features

Review waiting periods, exclusions, early-stage benefits, and additional features like overseas treatment coverage.

Consider Family Coverage

Look into family plans if you have dependents, as cancer insurance can often be extended to cover family members.

Review Claim Process

Understand the claim procedures, required documentation, and how quickly claims are typically processed and paid.

Understand Waiting Periods

Most cancer insurance has waiting periods (90-180 days) before coverage begins. Plan accordingly for this gap.

Premium Costs by Age Group

Age Group Basic Coverage Comprehensive Coverage Recommendations
20-30 years S$25-40/month S$45-70/month Basic coverage sufficient
30-40 years S$40-65/month S$70-110/month Consider comprehensive
40-50 years S$65-100/month S$110-170/month Recommended age to start
50+ years S$100-200/month S$170-300/month Essential coverage

Cancer Insurance FAQ

What is cancer insurance and how is it different from health insurance?

Cancer insurance is a specialized policy that provides a lump sum payout upon cancer diagnosis, which you can use for any purpose including treatment, living expenses, or income replacement. Unlike regular health insurance that reimburses medical bills, cancer insurance pays out regardless of actual medical costs, giving you flexibility to cover non-medical expenses during recovery.

How much cancer insurance coverage do I need in Singapore?

Most financial advisors recommend coverage of S$200,000 to S$500,000 for cancer insurance in Singapore. This should cover 2-3 years of treatment costs and living expenses. Consider factors like your income, existing savings, family obligations, and whether you want coverage for overseas treatment when determining your sum assured.

What is the waiting period for cancer insurance?

Most cancer insurance policies in Singapore have a waiting period of 90 days from policy inception. This means if you're diagnosed with cancer within the first 90 days, the claim won't be paid. Some policies have shorter waiting periods of 30-60 days for early-stage cancers. Always check the specific waiting period before purchasing.

Does cancer insurance cover early-stage cancer?

Yes, most modern cancer insurance plans in Singapore cover early-stage cancers, typically paying 25-50% of the sum assured for Stage 0-1 cancers. This is important as early detection leads to better survival rates. Some plans also offer special early-stage benefits for carcinoma in situ and other pre-cancerous conditions.

Can I buy cancer insurance if I have a family history of cancer?

Yes, you can still purchase cancer insurance even with a family history of cancer. However, insurers may charge higher premiums or impose specific exclusions. Some policies offer 'family history benefits' that provide additional coverage if you have a documented family history. It's best to disclose your family history accurately during application.

What types of cancer are typically excluded from coverage?

Common exclusions include: non-melanoma skin cancer (basal cell and squamous cell carcinoma), cancer caused by HIV/AIDS, cancer resulting from pre-existing conditions not disclosed, and cancers diagnosed during the waiting period. Some policies also exclude cancers related to substance abuse or self-inflicted injuries.

Can I claim cancer insurance multiple times?

Some cancer insurance policies offer multiple claim benefits, allowing you to claim again if cancer recurs or a new cancer develops after a specified period (usually 1-3 years). Plans like AIA Cancer Care Plus and Prudential PRUCancer 360 offer such multi-claim features. Check your policy terms for specific conditions.

Is cancer insurance worth it if I already have an Integrated Shield Plan?

Yes, cancer insurance complements your Integrated Shield Plan. While your ISP covers hospitalization and treatment costs, cancer insurance provides a lump sum you can use for non-medical expenses like income replacement, alternative treatments, travel for treatment, or household expenses. The combination provides comprehensive financial protection.

Protect Yourself Against Cancer Today

Get comprehensive cancer insurance coverage and financial peace of mind from Singapore's trusted providers

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