Critical Illness

GREAT Cancer Guard: Comprehensive Protection Against Cancer at All Stages

Did you know that cancer is the leading cause of death in Singapore, accounting for nearly 1 in 3 deaths ? This sobering statistic highlights the importance of being prepared for the unexpected. If you're looking for a comprehensive cancer insurance plan that offers protection and financial support at all stages of cancer, GREAT Cancer Guard might be the solution you've been searching for.

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What is GREAT Cancer Guard?

GREAT Cancer Guard is a specialized cancer insurance plan designed to provide financial support in the event of a cancer diagnosis, regardless of the stage. This plan stands out for its 100% payout for all cancer stages , offering you peace of mind and financial assistance when you need it most.

Key Features That Make GREAT Cancer Guard Stand Out

100% Payout for All Cancer Stages

Whether you're diagnosed with early, intermediate, or major cancer, you'll receive the full benefit amount

Affordable Premiums

Premiums start from as low as $0.38 per day. Premium rates do not increase with age.

No Medical Examination Required

Easy application process without the need for medical tests

Guaranteed Renewal

Your policy can be renewed until you reach 85 years old

Online Discount

Enjoy 15% off your first year's premium when you sign up online

Real premiums suggested for Great Cancer Guard

24, Female making $3,333.333 a month

Coverage:
critical illness
$200,000
Premium:
$683.05
Read More

22, Female making $3,300 a month

Coverage:
critical illness
$200,000
Premium:
$2,104.2
Read More
Get your own quotes →

What Does GREAT Cancer Guard Cover?

GREAT Cancer Guard provides a lump sum payout of up to $300,000 upon diagnosis of cancer . This coverage applies to all stages of cancer, including:

  1. Early Stage Cancer
  1. Intermediate Stage Cancer
  1. Major Stage Cancer

The payout can be used in any way you choose, providing flexibility to support your recovery journey. This could include:

  • Covering medical expenses not covered by your primary health insurance
  • Paying for alternative treatments or experimental therapies
  • Replacing lost income if you need to take time off work
  • Hiring additional help at home during your recovery
  • Pursuing bucket list items or experiences to improve your quality of life

How Much Does It Cost?

One of the most attractive features of GREAT Cancer Guard is its affordability. The plan offers premiums starting from as low as $0.38 per day . Here's an example to put this into perspective:

  • For a 17-year-old male non-smoker choosing the GREAT Cancer Guard Lite Plan, the annual premium would be approximately $138.70 (calculated as $0.38 x 365 days)

It's important to note that:

  1. This is just an example, and your actual premium may differ based on factors like your age, gender, and smoking status.
  1. The premium rates are subject to 8% prevailing GST.
  1. While the premium amount is determined at the age of entry and doesn't increase with age, the rates are not guaranteed and may be adjusted based on future experience of the plan.

Real-Life Scenarios

Early Stage Cancer Diagnosis

Imagine you're diagnosed with early-stage breast cancer. With GREAT Cancer Guard, you'd receive 100% of your coverage amount immediately. This lump sum could help cover the costs of surgery, radiation therapy, and any time off work you might need for recovery.

Major Cancer Diagnosis

If you're diagnosed with advanced lung cancer, you'd still receive 100% of your coverage amount. This payout could help with more extensive treatments, potential clinical trials, or even allow you to take an extended break from work to focus on your health.

Peace of Mind

Even if you never need to make a claim, GREAT Cancer Guard provides peace of mind knowing you're protected against all stages of cancer and financial security for your family, reducing worry about potential medical costs.

Pros and Cons

Pros

  • 100% payout for all cancer stages, providing comprehensive coverage

  • Affordable premiums that don't increase with age

  • No medical examination required, making it easy to apply

  • Guaranteed renewal up to age 85

  • Flexibility in how you use the payout

Cons

  • Coverage is specific to cancer and doesn't cover other critical illnesses

  • Premium rates, while not increasing with age, are not guaranteed and may be adjusted

  • The plan has a maximum age limit of 85 for renewal

Frequently Asked Questions

Is there a waiting period before the coverage starts?

The brochure doesn't specify a waiting period, but it's common for cancer insurance plans to have one. Check with Great Eastern for specific details.

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

Since no medical examination is required, you likely can. However, be sure to disclose all relevant information during the application process.

What happens if I'm diagnosed with multiple cancers?

The brochure doesn't provide information on multiple diagnoses. It's best to clarify this with a Great Eastern representative.

Is the payout taxable?

Generally, insurance payouts in Singapore are not taxable, but it's always best to consult with a tax professional for your specific situation.

Can I have more than one cancer insurance policy?

Yes, you can typically have multiple cancer insurance policies, even from different insurers.

Important Considerations

While GREAT Cancer Guard offers comprehensive cancer coverage, it's important to remember:

  1. This is a specialized cancer insurance plan and doesn't cover other critical illnesses or general health issues.
  1. The plan has exclusions. While not specified in the brochure, typical exclusions for cancer insurance might include pre-existing conditions or cancers caused by certain behaviors (like drug abuse).
  1. The premium rates, while not increasing with age, are not guaranteed and may be adjusted based on the plan's future performance.
  1. This plan is designed to complement, not replace, your primary health insurance . It provides additional financial support but shouldn't be your only health coverage.
  1. The maximum renewal age is 85, so you'll need to consider alternative coverage options as you approach this age.

Conclusion

GREAT Cancer Guard offers a straightforward and comprehensive approach to cancer insurance. With its 100% payout for all cancer stages, affordable premiums, and no-medical-examination policy, it provides an accessible way to protect yourself financially against the impact of a cancer diagnosis.

However, as with any insurance decision, it's crucial to carefully consider your personal needs, existing coverage, and financial situation before making a choice. While cancer insurance can provide valuable financial support, it's just one piece of a comprehensive financial and health protection strategy.

Remember, the best insurance plan is one that fits your specific circumstances and gives you peace of mind . If you're considering GREAT Cancer Guard or any other cancer insurance plan, it's always wise to consult with a financial advisor who can provide personalized recommendations based on your unique situation.

Get Expert Advice

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 insurance. These professionals will review your specific situation and provide personalized recommendations, helping you make the most informed decision possible.

By consulting with multiple experts, you'll gain a comprehensive understanding of your options and ensure you're choosing the best coverage for your needs. Don't leave your protection to chance – get the expert advice you deserve today .

Click here to get 5 expert opinions on cancer insurance

Podcast Transcript: Great Cancer Guard

Read the complete transcript of our expert discussion about Great Cancer Guard. This detailed analysis covers key features, benefits, and important considerations for potential policyholders.

Protecting Your Future: Why Young Professionals Should Consider Cancer Insurance

Welcome to the deep dive, where we unpack complex topics and make them understandable for you. Today we're

Click above to view the complete podcast transcript

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