Introduction
Cancer is a prevalent health concern in Singapore, with 1 in 5 Singaporeans likely to develop the disease. While this statistic is alarming, early detection and treatment can significantly improve recovery chances. However, cancer treatment can be financially burdensome. This is where TIQ Essential Cancer Care comes in - an affordable insurance solution designed to provide comprehensive coverage for all stages of cancer. By offering financial protection against the unexpected, this product aims to alleviate the monetary stress associated with cancer treatment, allowing you to focus on recovery.
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Coverage and Benefits
TIQ Essential Cancer Care offers a robust coverage structure that addresses various stages of cancer. This comprehensive approach ensures that policyholders receive financial support throughout their cancer journey, from early detection to severe stages. Let's explore the key aspects of this coverage:
All-Stage Cancer Coverage
The policy covers early, intermediate, and severe stages of cancer. This comprehensive coverage ensures that you're protected regardless of the cancer's progression.
Staged Payout Structure
Upon diagnosis of early or intermediate stage cancer, you receive 50% of the sum insured. For severe stage cancer, 100% of the sum insured is paid out. This structure provides financial support at every stage of the illness.
Continued Coverage
After an early or intermediate stage payout, the policy continues with the remaining sum insured. This ensures ongoing protection against potential progression to severe stage cancer.
High Coverage Amount
You can get coverage of up to S$250,000 against all stages of cancer. This substantial sum helps manage the potentially high costs of cancer treatment.
Additional Benefits
TIQ Essential Cancer Care goes beyond basic cancer coverage to provide additional benefits that enhance the overall value of the policy. These extra features are designed to offer more comprehensive support during challenging times. Let's examine these additional benefits:
Monthly Income Payout
Upon diagnosis of severe stage cancer, you receive an additional monthly payout of 1% of the sum insured for 12 months. This feature helps manage ongoing expenses during treatment.
Death Benefit
The policy includes a lump sum payout of S$3,000 upon death. While the focus is on living benefits, this feature provides an additional layer of financial protection for your loved ones.
Affordable Premiums
Coverage starts from as low as S$1.18 per day for a sum insured of S$250,000. This affordability makes comprehensive cancer protection accessible to a wide range of individuals.
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Policy Term and Renewability
TIQ Essential Cancer Care offers flexibility in terms of policy duration and renewal options. This adaptability allows you to choose a plan that best fits your long-term health protection strategy. Here are the key features regarding policy terms and renewability:
Multiple Term Options
Choose from policy terms of 5 years, 10 years, 20 years, or coverage up to age 65. This variety allows you to select a duration that aligns with your personal needs and financial planning.
Guaranteed Renewability
For 5 and 10-year policy terms, enjoy guaranteed renewal from the renewal date without proof of good health. This feature ensures continued protection even if your health status changes.
Entry Age
While specific entry age limits are not provided in the given information, the policy is designed to cater to a wide range of age groups, from young adults to those approaching retirement.
Claims and Customer Service
Etiqa Insurance Pte. Ltd., a member of the Maybank Group, underwrites the TIQ Essential Cancer Care policy. For claims and customer support, policyholders can contact Etiqa via their hotline at +65 6887 8777. Additionally, customers can reach out via email at [email protected] or visit their office at One Raffles Quay, #22-01 North Tower, Singapore 048583. Etiqa is committed to providing efficient and supportive service to ensure a smooth claims process and address any queries or concerns you may have regarding your policy.
Conclusion
TIQ Essential Cancer Care offers a comprehensive and affordable solution for individuals seeking protection against the financial impact of cancer. This policy is particularly suitable for those who want coverage for all stages of cancer, individuals looking for a policy with continued coverage after early-stage diagnosis, and those seeking additional benefits like monthly payouts during severe stage cancer. The policy's flexibility in terms and guaranteed renewability also make it an attractive option for long-term health protection planning.
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