Frequently Asked Questions

Cancer Protect

Product Coverage
  • Q:What is Cancer Protect?

    A:

    Cancer Protect is a non-participating, regular premium term plan which provides protection against early stage and advanced stage of major cancer, death (non-accidental) and accidental death. This policy cannot be cashed in.


    The entry age for the insured is age 30 (last birthday) to age 64 (last birthday).

Accidental Death Benefit
  • Q:What is the accidental death benefit payable?

    A:


    Upon accidental death of the insured at age 69 or under, 100% of the sum assured will be payable, provided that the insured does not take part in a restricted activity at the time of the accident and the cause of the accidental death must not be excluded as well. Otherwise, a reduced benefit will be paid.

    This table shows the benefits we will pay in the different circumstances of accidental death.

    Age at accidental death (years) Insured’s activity at time of accident Cause of accidental death is excluded
    Normal activity Restricted activity
    69 or under 100% of sum assured 30% of sum assured 100% of premium paid will be refundable if death happens within one year from cover start date. But, if death happens after one year from the cover start date, S$5,000 is payable.
    70 or above 100% of premium paid will be refundable if death happens within one year from cover start date. But, if death happens after one year from the cover start date, S$5,000 is payable.

    This benefit is payable only if death happens within 365 days of the accident.

    The policy terminates thereafter.

  • Q:What are the exclusion(s) under the accident death benefit?

    A:

    We will not pay the benefit if death is caused directly or indirectly by:

    • deliberate acts such as self-inflicted injuries, suicide or attempted suicide;
    • unlawful acts, provoked assault or deliberate exposure to danger;
    • the effects of alcohol, drugs or any dependence;
    • illnesses, psychological conditions or eating disorders;
    • heat stroke;
    • a bad reaction to drugs or medication;
    • the effects of viruses (for example, dengue), bacteria or diseases;
    • the negative effects or complications of medical and surgical care;
    • treatment aimed at improving appearance, such as cosmetic surgery or any treatment relating to a previous cosmetic treatment;
    • radiation or contamination from radioactivity;
    • being in any aircraft, except as a fare-paying passenger in a commercial aircraft, or during military operations in peacetime;
    • military, air force or naval operations, except when carried out in peacetime;
    • warlike operations (whether war is declared or not), war, invasion, riot or any similar event;
    • an accident which happens outside of Singapore, if the insured has been outside Singapore for more than 180 days in a row at the time of the accident
Major Cancer Benefit
  • Q:What is the early stage of major cancer benefit payable?

    A:

    Upon diagnosis of the insured with early stage of major cancer during the term of the policy, 25% of the sum assured will be paid in one lump sum. Once a claim is made, the Early Stage of Major Cancer Benefit will no longer be applicable. This benefit will not be paid again even if the policy is renewed.


    The policy will continue for the remaining unclaimed benefits.


    A waiting period of 90 days will apply from the cover start date for early stage of major cancer benefit.


    Please refer to the policy conditions for the full definition of Early Stage of Major Cancer and the circumstances in which the insured can make a claim.

  • Q:What is the advanced stage of major cancer benefit payable?

    A:

    Upon diagnosis of the insured with advanced stage of major cancer during the term of the policy, this table shows the benefits that will be paid in the different circumstances.


    CircumstanceBenefit
    A claim on an early stage of major cancer benefit has already been paid100% of sum assured
    A claim on an early stage of major cancer benefit has not been paid125% of sum assured


    The policy terminates thereafter.


    A waiting period of 90 days will apply from the cover start date for advanced stage of major cancer benefit.


    Please refer to the policy contract for the full definition of Advanced Stage of Major Cancer and the circumstances in which the insured can make a claim.

  • Q:What are the exclusion(s) for early stage and advanced stage of major cancer benefit?

    A:

    We will not pay this benefit if your claim arises from:

    • deliberate misuse of drugs or alcohol;
    • acquired immunodeficiency syndrome (AIDS), AIDS-related complex or infection by human immunodeficiency virus (HIV);
    • an early stage of major cancer benefit, or an advanced stage of major cancer benefit where the insured did not survive for 30 days after its diagnosis;
    • an early stage of major cancer, where the insured suffered symptoms of, had investigations for, or was diagnosed with, the disease any time before or within 90 days from the cover start date; or
    • an advanced stage of major cancer, where the insured was diagnosed with the disease within 90 days from the cover start date.
Cash Value and Bonuses
  • Q:Is there any cash value for this policy?

    A:

    No, there is no cash value for this policy as this is a non-participating policy.

  • Q:Is this policy eligible for any bonus?

    A:

    No, this policy is not eligible for any bonus as this is a non-participating policy.

  • Q:Is there a surrender value for my policy?

    A:

    No, there is no surrender value as this is a non-participating policy.

Eligibility and Premium Payments
  • Q:What are the entry age and premium payment terms available?

    A:

    The minimum entry age is set at 30 years (last birthday) and the maximum entry age is set at 64 years (last birthday).

    Premium is payable throughout the policy term. Policy is guaranteed renewable every 10 years after inception with a maximum expiry age of 84 (last birthday).

    However, if the insured‘s 84th birthday falls within the next contract term, we will only renew it up to the anniversary immediately after the insured reaches the age of 84 (last birthday).

  • Q:Can I use funds in Central Provident Fund (CPF) or Supplementary Retirement Scheme (SRS) to buy this policy?

    A:

    No, you can only use cash to buy this policy.

  • Q:Is the premium payable for this policy guaranteed?

    A:

    No, the premium payable is not guaranteed and is subject to review. We will give you six months’ written notice should there be a need to revise the premium.

  • Q:What is the minimum and maximum sum assured for this policy?

    A:

    You can choose from 3 different plans, depending on your desired sum assured.


    Plan TypeSum Assured
    Plan 1S$100,000
    Plan 2S$80,000
    Plan 3S$50,000


    The maximum sum assured per insured is set at S$100,000. The insured cannot be covered for more than S$100,000 sum assured by buying multiple policies.

  • Q:Can I backdate my policy?

    A:

    Yes, you may backdate your policy only if ALL the conditions are met:

    1. You are backdating a traditional life insurance policy to qualify for a lower premium or higher minimum protection value. Backdating for investment-linked policy is not allowed.
    2. The policy is backdated to a date:
    • one day before the Insured’s last birthday;
    • within 6 months from date of receipt of application by us; and
    • not earlier than the official launch date of the main plan or rider, if applicable.