Most people would have at least a basic level of Critical Illness coverage. For those who don't I strongly recommend being covered for at least a bit. As a rule-of-thumb, the ideal amount of coverage one should have is 5 to 10 years worth of income. This would be sufficient to see us through being unable to work and the whole recovery process. However, to increase existing coverage to this level may not be affordable to everyone. One alternative is to focus on coverage against the no. 1 killer in Singapore - Cancer. Read on for more details.
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The unfortunate fact is that in Singapore, cancer remains the no. 1 killer. Almost 1 in 3 deaths are attributed to cancer1. Cancer cases have been rising over the years, and the number of people living with cancer continues to increase2. However, with advancements in cancer treatments, survival rates for people with cancer have greatly improved. Improvements in screening for some common cancers have also led to earlier detection and therefore more timely treatment for many.
“AIA MultiStage Cancer Cover” offers 100% payout at early, intermediate or major stage cancer as well as affordable level premiums that don't go up with time. There’s only 3 underwriting questions and no need for any medical check-up. Moreover, should we sign up before 16 November 2020, we’ll even get 10% off the first year's premium.
This is as close to a no-frills, straightforward way to increase important critical illness coverage affordably, as one would get. Contact me for more info, or simply sign up here.
