Critical Illness

#go TotalProtect Cancer: Comprehensive Protection Against Cancer's Financial Impact

Cancer is a word that strikes fear into the hearts of many. Did you know that in Singapore, cancer is the number one killer? While medical advancements have improved survival rates, the financial burden of cancer treatment remains a significant concern. That's where #go TotalProtect Cancer comes in - a unique insurance plan designed to provide total protection and peace of mind in the face of this challenging disease.

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What is #go TotalProtect Cancer?

#go TotalProtect Cancer is an innovative term insurance plan offered by Tokio Marine Life Insurance Singapore Ltd. It's specifically designed to provide comprehensive financial protection against cancer, covering various stages of the disease and offering multiple payouts to support your journey from diagnosis through treatment and recovery.

Key Features That Set #go TotalProtect Cancer Apart

Industry-First Multiple Payouts

Covers early, intermediate, and advanced stage cancer . Provides additional payouts for newly diagnosed advanced stage cancer or cancer that has spread, persisted, or recurred.

Comprehensive Coverage

Includes payouts for ICU admission (up to S$50,000). Covers Cancer Supportive Therapy, including mental illness and pain management treatments (up to S$5,000 per year, capped at S$25,000).

Financial Support During Recovery

Provides monthly income supplement for 25 months . Offers the highest potential payout in the industry - up to 475% of Sum Assured.

Long-Term Protection

Coverage term up to age 75.

Why compare TM TotalProtect Cancer 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

What Does #go TotalProtect Cancer Cover?

Cancer Stage Payouts

Early Stage Cancer: 100% of Sum Assured br>Intermediate Stage Cancer: 100% of Sum Assuredbr>Advanced Stage Cancer: 100% of Sum Assured

Persistent Advanced Stage Cancer Benefit

Two additional payouts of 100% Sum Assured each for advanced stage cancer that persists, spreads, or recurs

ICU Benefit

50% of Sum Assured (capped at S$50,000) if admitted to ICU for at least 5 consecutive days due to cancer complications

Cancer Wallet Benefit

Reimbursement of up to S$5,000 per year (capped at S$25,000) for Cancer Supportive Therapy, including mental illness and pain management treatments

Monthly Income Benefit

S$2,000 monthly income for 25 months upon diagnosis of advanced stage cancer

How Much Coverage Can You Get?

The coverage amount depends on the Sum Assured you choose. For example, with a Sum Assured of S$100,000, you could potentially receive total payouts of up to S$475,000 . This includes:

  • Initial cancer diagnosis: S$100,000
  • Persistent advanced stage cancer (2 claims): S$200,000
  • ICU admission: S$50,000
  • Monthly income benefit: S$50,000 (S$2,000 x 25 months)
  • Cancer Wallet Benefit: Up to S$25,000

How Much Does It Cost?

The premium for #go TotalProtect Cancer varies based on factors such as your age, gender, smoking status, and the Sum Assured you choose. As an example, for a 30-year-old female non-smoker with a Sum Assured of S$100,000 and coverage until age 75, the annual premium would be S$1,023.

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Real-Life Scenario

Let's consider a hypothetical case to understand how #go TotalProtect Cancer works:

Amy, a 30-year-old professional, takes up a #go TotalProtect Cancer policy with a Sum Assured of S$100,000. Her journey with the policy might look like this:

Age 42: Diagnosed with Early Stage Breast Cancer

  • Receives S$100,000 (100% of Sum Assured)

Age 48: Diagnosed with Advanced Stage Cervical Cancer

  • Receives S$50,000 (50% of Sum Assured)
  • Starts receiving S$2,000 monthly income for 25 months (total S$50,000)
  • Claims up to S$5,000 per year for Cancer Supportive Therapy

Age 55: Diagnosed with Advanced Stage Lung Cancer

  • Receives S$100,000 (100% of Sum Assured)
  • Admitted to ICU for 6 days, receives S$50,000
  • Claims up to S$5,000 per year for Cancer Supportive Therapy

Age 57: Lung Cancer persists for more than 2 years

  • Receives another S$100,000 (100% of Sum Assured)

In this scenario, Amy would receive a total payout of S$475,000 - 475% of her initial Sum Assured.

Pros and Cons

Pros

  • Comprehensive coverage for various cancer stages

  • Multiple payouts possible, up to 475% of Sum Assured

  • Includes coverage for ICU admission and supportive therapies

  • Provides monthly income benefit during recovery

  • Long-term coverage (up to age 75)

Cons

  • Premiums are not guaranteed and may increase

  • Only covers cancer-related conditions

  • Early termination may result in financial loss

Frequently Asked Questions

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

You should disclose your family history during the application process. The insurer will assess your application based on the information provided.

What happens if I'm diagnosed with multiple cancers?

The plan allows for multiple payouts , so you could potentially claim for different cancer diagnoses, subject to the policy terms and conditions.

Is the monthly income benefit taxable?

You should consult with a tax professional regarding the tax implications of insurance payouts.

What's not covered by this plan?

Like most insurance policies, there are exclusions. For example, cancers caused by pre-existing conditions may not be covered.

Can I change my Sum Assured later?

You should check with Tokio Marine about the options for changing your Sum Assured after purchase.

Important Notes

  • This plan is underwritten by Tokio Marine Life Insurance Singapore Ltd.
  • It's available only through authorized distributors.
  • Early termination of the policy usually involves high costs, and the surrender value may be zero or less than the total premiums paid.
  • The policy is protected under the Policy Owners' Protection Scheme administered by the Singapore Deposit Insurance Corporation (SDIC).

Conclusion

#go TotalProtect Cancer offers a unique and comprehensive approach to cancer protection. With its multiple payouts, coverage for various cancer stages, and additional benefits like monthly income support and coverage for supportive therapies, it provides a robust financial safety net in the face of cancer diagnosis and treatment.

However, as with any insurance decision, it's important to carefully consider your personal needs, family history, and financial situation before making a choice. While the potential for high payouts is attractive, you should also consider the long-term cost of premiums and how this plan fits into your overall financial and insurance strategy.

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

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