Critical Illness

TIQ Essential Cancer Care: Affordable Protection Against All Stages of Cancer

Did you know that 1 in 5 Singaporeans is likely to develop cancer in their lifetime ? This sobering statistic from the Singapore Cancer Registry highlights the importance of being prepared for unexpected health challenges. While the thought of cancer can be frightening, early detection and treatment significantly improve the chances of recovery. That's where TIQ Essential Cancer Care comes in - offering affordable protection that covers all stages of cancer, from early to severe.

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What is TIQ Essential Cancer Care?

TIQ Essential Cancer Care is a specialized insurance plan designed to provide financial support if you're diagnosed with cancer. It's unique because it covers all stages of cancer - early, intermediate, and severe - giving you comprehensive protection at an affordable price. This plan is underwritten by Etiqa Insurance Pte. Ltd., a member of the Maybank Group, ensuring you're backed by a reputable financial institution.

Key Features That Make TIQ Essential Cancer Care Stand Out

Affordable Premiums

Coverage starts from as low as S$1.18 per day. Get up to S$250,000 coverage against all stages of cancer.

Comprehensive Cancer Coverage

Covers early, intermediate, and severe stages of cancer . Receive 50% of sum insured for early and intermediate stages. Get 100% of sum insured for severe stage cancer.

Flexible Policy Terms

Choose from 5 years (renewable), 10 years (renewable), 20 years, or coverage until age 65.

Monthly Income Payout Benefit

Receive an additional 1% of the sum insured monthly for 12 months if diagnosed with severe stage cancer.

Death Benefit

Lump sum payout of S$3,000 upon death.

Guaranteed Renewable

For 5 and 10-year policy terms, enjoy guaranteed renewal without proving good health.

Why compare TIQ Essential Cancer Care 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 TIQ Essential Cancer Care Work?

Cancer Stage Coverage

Early and Intermediate Stages: You receive 50% of your chosen sum insured. Severe Stage: You get 100% of your chosen sum insured.

Continued Coverage

If you're diagnosed with early or intermediate stage cancer and receive a payout, your policy continues with the remaining sum insured. This remaining amount can be claimed if you're later diagnosed with severe stage cancer.

Monthly Income Support

If you're diagnosed with severe stage cancer, you'll receive an additional monthly payout. This equals 1% of your sum insured for 12 months. For example, if your sum insured is S$100,000, you'd get S$1,000 per month for a year.

Death Benefit

If you pass away while the policy is active, your beneficiaries receive S$3,000.

Real-Life Example

Meet John, a 40-year-old non-smoker looking for affordable cancer coverage. He chooses TIQ Essential Cancer Care with:

  • Sum insured: S$200,000
  • Policy term: 20 years
  • Monthly premium: S$99

Here's how his coverage might play out:

  1. At age 45:
  • John is diagnosed with early stage cancer
  • He receives a payout of S$100,000 (50% of his sum insured)
  • His remaining coverage is now S$100,000
  1. At age 55:
  • Unfortunately, John is diagnosed with severe stage cancer
  • He receives the remaining S$100,000
  • He also gets a monthly payout of S$2,000 (1% of original sum insured) for 12 months
  • Total additional payout: S$24,000

In total, John received S$224,000 in benefits from his policy, significantly more than the premiums he paid over 15 years.

How Much Does It Cost?

The cost of TIQ Essential Cancer Care depends on several factors:

  • Your age
  • Your gender
  • Whether you're a smoker or non-smoker
  • The sum insured you choose
  • The policy term you select

For example, a 17-year-old male non-smoker can get S$250,000 coverage for as low as S$1.18 per day on a 5-year renewable term plan .

It's important to note that premiums for the 5-year and 10-year plans may change at renewal, but renewal itself is guaranteed regardless of your health condition.

Why Choose TIQ Essential Cancer Care?

Affordable Protection

In a world where medical costs are rising, TIQ Essential Cancer Care offers substantial coverage at a price point that won't break the bank.

Comprehensive Coverage

Many cancer plans only cover severe stage cancer. This plan protects you at all stages , increasing your chances of getting financial support when you need it most.

Flexibility

With various policy terms to choose from, you can select the option that best fits your needs and budget.

Financial Support During Recovery

The monthly income payout for severe stage cancer provides ongoing support, helping you focus on recovery without financial stress.

Peace of Mind

Knowing you're covered for all stages of cancer can provide invaluable peace of mind, allowing you to live your life without constant worry about 'what if.'

Who Should Consider TIQ Essential Cancer Care?

This plan could be particularly suitable for:

  • Young adults starting their career who want affordable protection
  • Parents who want to ensure they can provide for their family if diagnosed with cancer
  • Anyone who wants to supplement their existing health insurance with specific cancer coverage
  • Individuals with a family history of cancer who want extra protection

Frequently Asked Questions

Is there a waiting period before I can claim?

You should check with Etiqa about any waiting periods that may apply.

Can I increase my coverage later?

This would depend on the policy terms. Consult with Etiqa or your financial advisor for options.

What types of cancer are covered?

The plan covers a wide range of cancers, but you should review the policy document for specific details.

Can I buy this plan if I have a pre-existing condition?

You would need to declare any pre-existing conditions during the application process. The insurer will then decide if they can offer you coverage.

How do I make a claim?

Contact Etiqa as soon as possible after a cancer diagnosis. They will guide you through the claim process.

Conclusion

TIQ Essential Cancer Care offers a unique combination of comprehensive cancer coverage and affordability. By protecting against all stages of cancer and providing additional benefits like monthly payouts for severe stage diagnoses, it aims to provide financial support when you need it most. However, as with any insurance decision, it's crucial to carefully consider your personal needs, budget, and existing coverage before making a choice.

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

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