Critical Illness

China Life Cancer Guardian: Comprehensive Cancer Protection for Your Peace of Mind

Cancer is a word that strikes fear into the hearts of many. Did you know that cancer cases have been on the rise over the years ? While this is concerning, there's also good news: survival rates for people with cancer have greatly improved , thanks to advancements in treatments. However, living with cancer and undergoing prolonged treatment can drain your savings and cause loss of income. This is where China Life Cancer Guardian comes in, offering you protection and peace of mind during challenging times.

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What is China Life Cancer Guardian?

China Life Cancer Guardian is a specialized cancer insurance plan designed to provide comprehensive coverage against cancer at all stages , as well as death coverage. This unique policy offers protection up to 100 years old , ensuring you're covered throughout your life. Let's dive into the key features and benefits that make this plan stand out.

Key Features and Benefits

Comprehensive Cancer Coverage

Covers cancer at all stages (early, intermediate, and late). Protection up to 100 years old. 100% payout of sum insured upon cancer diagnosis.

Death Coverage

Provides a lump sum death benefit of SGD 5,000. Coverage up to 100 years old.

No Claim Discount

8% discount on yearly premium starting from the 2nd policy renewal year. Applies if no claims were made during the previous policy year.

Guaranteed Renewable

Automatic annual policy renewal until age 99. No further underwriting required.

Easy Application Process

Only 3 questions to answer. No medical check-up required.

Why compare China Life Cancer Guardian with other Critical Illness options through Whatins?

Traditional Approach

  • Limited visibility into critical illness definitions
  • Single insurer's critical illness criteria
  • May miss important coverage distinctions

Whatins Advantage

  • Compare critical illness definitions across insurers
  • Understand early, intermediate, and late stage differences
  • See how different critical illness plans complement each other
  • Compare exclusions and waiting periods

In summary: If you want more control and multiple suggestions, then Whatins is the way to go.

How Does It Work?

Let's break down the coverage and benefits with two real-life examples:

Example 1: Ms. Chia (Young Adult)

Age: 30, Non-smoker, Sum insured: $100,000, Yearly premium: $250. At age 32-39: She enjoys an 8% no claim discount each year. Unfortunately, during her annual health check-up, Ms. Chia is diagnosed with early-stage breast cancer. The good news? She receives a $100,000 cancer benefit - a 100% payout of her sum insured from China Life .

Example 2: Mr. Lee (Senior Citizen)

Age: 66, Non-smoker, Sum insured: $200,000, Yearly premium: $4,298. At age 68-69: He enjoys an 8% no claim discount each year. Later, Mr. Lee is diagnosed with early-stage colorectal cancer. He receives a $200,000 cancer benefit - a 100% payout of his sum insured from China Life .

Why Choose China Life Cancer Guardian?

Financial Protection

With a 100% payout of the sum insured upon cancer diagnosis, you can focus on treatment and recovery without worrying about finances.

Lifelong Coverage

Protection up to 100 years old ensures you're covered throughout your life.

Reward for Good Health

The No Claim Discount encourages and rewards a healthy lifestyle.

Simplicity

Easy application process with just 3 questions and no medical check-up required.

Flexibility

Guaranteed renewable policy that adapts to your changing needs over time.

Peace of Mind

Comprehensive coverage for all cancer stages provides reassurance in uncertain times.

Important Things to Note

Waiting Period

There is a waiting period before the cancer coverage takes effect. Be sure to check the policy details for specific information.

Premium Increases

While the No Claim Discount can help offset costs, premiums generally increase with age at each renewal.

Policy Term

This is a yearly renewable plan with a 1-year policy term.

Renewal Conditions

Automatic renewal is subject to certain conditions, including the policy being in force and premiums being paid.

Early Termination

Surrendering the policy early may result in receiving less than the total premiums paid.

Frequently Asked Questions

Can I get this plan if I have a family history of cancer?

Yes, the application process only requires answering 3 questions and no medical check-up.

Is the No Claim Discount guaranteed?

Yes, as long as no claims are made during the previous policy year.

What happens if I'm diagnosed with cancer?

You'll receive 100% of the sum insured, and the policy will terminate thereafter.

Can I increase my sum insured later?

You should check with China Life about options for increasing coverage after purchase.

Is there a maximum age for purchasing this plan?

While the plan covers up to age 100, you should confirm the maximum entry age with China Life.

About China Life Insurance (Singapore)

China Life Insurance (Singapore) Pte. Ltd. is part of China Life Insurance (Group) Company, the largest state-owned financial insurance corporation in China . Established in 2015, it's regulated by the Monetary Authority of Singapore and backed by the financial strength of its parent company. China Life has been a Fortune Global 500 company for 19 consecutive years, ranking 32 in 2021.

Key points about China Life:

  • Asset value of parent company: Over HKD 456.3 billion (December 2020)
  • Premium income in 2020: Exceeded HKD 68.9 billion
  • Financial ratings: Moody's "A1" and Standard & Poor's "A"
  • Network: 19 branches and over 23 strategic partners

Conclusion

China Life Cancer Guardian offers a comprehensive and flexible solution for cancer protection . With its coverage of all cancer stages up to age 100, death benefit, and unique features like the No Claim Discount, it provides valuable peace of mind in the face of rising cancer rates. The easy application process and guaranteed renewability make it an accessible option for many.

However, as with any insurance decision, it's crucial to carefully consider your personal needs, financial situation, and long-term goals. While China Life Cancer Guardian offers many benefits, it's important to understand the terms and conditions, including waiting periods and premium increases.

Remember, the best insurance plan is one that fits your specific circumstances and provides you with confidence and security. If you're considering China Life Cancer Guardian or any other cancer protection plan, it's always wise to consult with a financial adviser representative who can provide personalized recommendations based on your unique situation.

Ready to explore your options further? Don't rely on just one perspective. Get expert insights tailored to your unique needs. Sign up now to receive 5 expert opinions on cancer protection insurance. These professionals will review your specific situation and provide personalized recommendations, helping you make the most informed decision possible.

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