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.