facebookShould I get a standalone cancer coverage? Was thinking about pru360? Or are there better plans? Since I alr have a term with accelerated ci plan of 250k. 30year smoker. Al? - Seedly

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Anonymous

13 Aug 2020

Insurance

Should I get a standalone cancer coverage? Was thinking about pru360? Or are there better plans? Since I alr have a term with accelerated ci plan of 250k. 30year smoker. Al?

Anyway what’s the different ci plan also cover majors cancer and a standalone cancer plan is cheaper also cover cancer and ci as well?

Discussion (3)

What are your thoughts?

There are a few insurers who offer your targeted coverage. The factors of why you would go for a cancer only plan are three fold

  1. The premiums are cheaper than traditional CI coverage. This is due to the concentrated nature of offering claims for Cancer only.

  2. Underwriting. The underwriting nature of this product caters towards people who have health concerns and are unable to receive coverage from traditional products due to the coverage offered for issues like heart diesease and stroke.

  3. The underwriting limits for Cancer only plans are seperated from the traditional CI coverage, as such, it is a beautiful compliment to your existing plans if you have maxed out your CI limits set out by your age group.

The structure effectively strips out most of the ailments which hinder some people from getting full CI, while offering cancer coverage which is what most people are primarily concerned with, all while giving the consumer a cost-effective solution. This solution fills the gap for some people who have barriers to buying cancer coverage.

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Jonathan Soh

Jonathan Soh

13 Aug 2020

Level 6·Wealth Manager at Aviva Financial Advisers

Hi there. You can look at these independent comparisons for reference:

https://www.interestguru.sg/best-early-critical...

https://treeofwealth.sg/early-stage-critical-il...

All standalone CI plans in the market now covers major cancers. Standalone plans are more comprehensive in coverage than CI riders and so more expensive. You might want to look into critical illness plans before the definitions change in 1 or 2 weeks' time.

You can reach me here if you like to find out more. I cover 9 major insurers including Aviva, Manulife, AXA, etc.

Hey there!

A cancer-coverage plan can work if that is your objective. However, you might want to ex...

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