New Cancer Protect Term Insurance from NTUC Income

Can­cer Pro­tect is a reg­u­lar premium non-participating term insur­ance plan which provides cov­er­age for early stage and advanced stage of major can­cers. It also offers pro­tec­tion against death (non-accidental) and acci­dental death.

Sum Assured is fixed at $50,000, $80,000 and $100,000. The min­imum entry age is 30 years (last birth­day) and the max­imum entry age is 64 years (last birthday).

It is guar­an­teed renewal every 10 years and the policy can be renewed up till age 84.

Can­cer Pro­tect covers:-

  • Early-stage can­cer – 25% of the sum assured. Only pay once only, even if the policy is renewed.
  • Advanced stage can­cer — 100% of the sum assured if we have already paid a claim on early stage of major can­cers bene­fit. 125% of the sum assured if no early stage can­cer claim.
  • Non-accidental death — 100% of the total premi­ums paid if death hap­pens within one year from the cover start date; or $5,000 if death hap­pens after one year from the cover start date.
  • Acci­dental death
    • Age 69 and below, 100% of sum assured or 30% of sum assured if per­form­ing restric­ted activ­ity at time of accident.
    • Age 70 and above, 100% of the total premi­ums paid if death hap­pens within one year from the cover start date; or $5,000 if death hap­pens after one year from the cover start date.

How­ever, if the cause of acci­dental death is excluded, only 100% of the total premi­ums paid if death hap­pens within one year from the cover start date; or $5,000 if death hap­pens after one year from the cover start date. This bene­fit is pay­able only if death hap­pens within 365 days of the accident.

You can find the detailed cov­er­age in the Policy Con­di­tion doc­u­ment here at http://www.income.com.sg/forms/insDocument/CancerProtect.pdf.