How to deal with cancer treatment expenses panic-free?

The very first diagnosis of cancer might strike a panic. Thanks to advanced medical facilities, most cancer patients are now able to have positive hope to recover. Advanced medical facilities have majorly contributed to the survival rates of cancer patients. However, the treatments can be very costly. One of the major worries that cancer brings is the financial burden. The average cost of biopsy in any public hospital in Singapore is S$1,044 and the average cost reaches up to S$5,833 in a private hospital. Financial worries can greatly affect the emotional well-being of the cancer patient, which is an important factor towards achieving fast recovery. Hence, cancer insurance is a smart way to help a patient takes care of finances so that he/she can focus on the recovery process.

 What are the benefits of cancer insurance? A cancer insurance can bring several benefits to the insured to make sure that the recovery journey becomes a little easier. Following are some of the benefits of a cancer insurance:

1. Ease of claims settlement: During times when everything feels blue, a tedious process of claim can be an unbearable burden. This is the reason why a premium cancer insurance plan ensures an easy application process with few hassle-free steps to receive payouts. 2. Comprehensive coverage: Another benefit of having cancer insurance is that it provides full coverage upon diagnosis of cancer at any stage. Since cancer can strike irrespective of age, a good insurance plan provides coverage till the age of 100 years. 3. Flexibility to customize: Most cancer plans offer flexibility to customize the protection according to your needs with coverage ranges from $10,000 to $300,000.

 Why should Singaporeans have cancer insurance plan? According to a research by the life insurance association Singapore, there is an average of S$250,000 coverage gap for Singaporeans when it comes to cancer treatment. Cancer treatment usually takes place over a long period, and the cost of treatment keeps piling up. Singaporeans should consider cancer insurance to get adequate protection against the high medical cost so that they can focus on recovery. With a high cost of living in Singapore, having to pay for cancer treatments may compromise future financial goals. Cancer insurance can serve as a safety net to protect an individual from financial challenges post-recovery so that he/she can still achieve long term financial goals as planned.

Advanced medicines have promising capabilities when it comes to cancer treatment. However, cancer treatment is expensive. With an average of 41 people being diagnosed with cancer every day between 2014 to 2018 in Singapore, cancer insurance is worth consideration. This can mitigate the financial burden incurred upon the detection and treatment of cancer.

 You can even visit our Social sites: Facebook:- https://www.facebook.com/PrudentialSingapore/ LinkedIn:- https://www.linkedin.com/company/prudential-assurance-company-singapore/ YouTube:- https://www.youtube.com/channel/UCWs_Qg2Rahok4kORir5w4eQ Instagram:- https://www.instagram.com/prudentialsingapore/?hl=en

THANK YOU

Turn static files into dynamic content formats.

Create a flipbook

How to deal with cancer treatment expenses panic-free?

Published on Feb 26, 2022

Narendra Singh

The very first diagnosis of cancer might strike a panic. Thanks to advanced medical facilities, most cancer patients are now able to have positive hope to recover. Advanced medical facilities have majorly contributed to the survival rates of cancer patients. However, the treatments can be very costly. One of the major worries that cancer brings is the financial burden. The average cost of biopsy in any public hospital in Singapore is S$1,044 and the average cost reaches up to S$5,833 in a private hospital. Financial worries can greatly affect the emotional well-being of the cancer patient, which is an important factor towards achieving fast recovery. Hence, cancer insurance is a smart way to help a patient takes care of finances so that he/she can focus on the recovery process.