The 5% of population seems to be a vague statistic to discuss and why not let take the most popular disease instead – Cancer. I’m pretty sure you would like to hear alot more people around you contracting it other then diseases such as kidney failure or heart failure. The ratio of women diagnosed with breast cancer has increased 10x since 1970s.

As for covering yourself with critical illness if its necessary? i think you need to question yourself if you are able to cope in terms of financial aspect e.g
1) does your employer keep you in the payroll after you have exhausted your medical leave? or rather the possibility of being out of job without income
If you are in a MNC, the chances are the company will have policies that are quite favorable for the sick employee else it might be quite practical for the boss to suggest you to go for a no pay leave as you cant contribute to the growth of the company. That’s life.
2) Do you mind utilizing your hard-earned money to see specialist doctor and go for expensive scans which you are unlikely to have a choice to choose when your doctor ask you to do so?
3) If you managed to recover from the sickness, I ‘m pretty sure you would treasure your life more than ever. If you used to hold a high income job, usual with large responsibility and stress-level equivalent, will you continue to stick to such job if you have a choice?

I have 2 cancer patients in my family…1 left this early year and another one
diagnosed around the same period.

can you share the source of your claims stattistics?

can you share the source of your claims stattistics?

Life Claims Settled In August 2010
Type of Claims Number Amount (S$)
Death 112 4,698,806.00
Living 97 5,101,978.00
Permanent & Total Disability 12 409,098.00
Total 221 S$10,209,882.00

Here are details of claims exceeding $100,000No. Types Age Gender Occupation Cause Amount (S$)
1 Death 21 Male Student Heart Attack 122,960.00
2 Death 21 Male Student Suicide 216,292.00
3 Death 34 Male AVP Heart Attack 124,188.00
4 Death 54 Male Driver Accident 466,050.00
5 Death 54 Male Senior Executive Heart Attack 211,910.00
6 Death 57 Female Admin Officer Cancer 186,213.00
7 Death 57 Male Retiree Cancer 100,000.00
8 Death 59 Male Businessman Cancer 179,705.00
9 Death 60 Male Retiree Heart Attack 106,467.00
10 Death 62 Male Oil field Personnel Cancer 117,625.00
11 Death 67 Female Retiree Other 150,000.00
12 Living 25 Female HR Executive Stroke 261,009.00
13 Living 27 Female Manager Cancer 121,284.00
14 Living 27 Male Doctor Cancer 125,000.00
15 Living 29 Male Manager Cancer 263,967.00
16 Living 35 Female Manager Cancer 130,080.00
17 Living 39 Male Managing Director Cancer 124,488.00
18 Living 41 Male Sales Director Cancer 400,000.00
19 Living 43 Female Manager Cancer 124,028.00
20 Living 44 Male Group Financial Officer Stroke 128,280.00
21 Living 52 Female Bank Officer Cancer 130,059.00
22 Living 53 Female Lecturer Cancer 132,675.00
23 Living 60 Female Director Cancer 118,690.00
24 PTD 45 Female Real Estate Agent PTD due to other
medical condition
besides Stroke 203,193.00

Life Claims Settled In August 2010
Type of Claims Number Amount (S$)
Death 112 4,698,806.00
Living 97 5,101,978.00
Permanent & Total Disability 12 409,098.00
Total 221 S$10,209,882.00

Here are details of claims exceeding $100,000No. Types Age Gender Occupation Cause Amount (S$)
1 Death 21 Male Student Heart Attack 122,960.00
2 Death 21 Male Student Suicide 216,292.00
3 Death 34 Male AVP Heart Attack 124,188.00
4 Death 54 Male Driver Accident 466,050.00
5 Death 54 Male Senior Executive Heart Attack 211,910.00
6 Death 57 Female Admin Officer Cancer 186,213.00
7 Death 57 Male Retiree Cancer 100,000.00
8 Death 59 Male Businessman Cancer 179,705.00
9 Death 60 Male Retiree Heart Attack 106,467.00
10 Death 62 Male Oil field Personnel Cancer 117,625.00
11 Death 67 Female Retiree Other 150,000.00
12 Living 25 Female HR Executive Stroke 261,009.00
13 Living 27 Female Manager Cancer 121,284.00
14 Living 27 Male Doctor Cancer 125,000.00
15 Living 29 Male Manager Cancer 263,967.00
16 Living 35 Female Manager Cancer 130,080.00
17 Living 39 Male Managing Director Cancer 124,488.00
18 Living 41 Male Sales Director Cancer 400,000.00
19 Living 43 Female Manager Cancer 124,028.00
20 Living 44 Male Group Financial Officer Stroke 128,280.00
21 Living 52 Female Bank Officer Cancer 130,059.00
22 Living 53 Female Lecturer Cancer 132,675.00
23 Living 60 Female Director Cancer 118,690.00
24 PTD 45 Female Real Estate Agent PTD due to other
medical condition
besides Stroke 203,193.00

you should not worry about the stage 0 cancer cost because everything will be covered with the shield plan. so the reason to buy one of those early critical illness plan is not very convincing.

Furthermore you do not need to buy a whole life plan with CI Rider attached to it, AXA has a standalone CI plan.

Only Tied Agent will ask you to buy a whole life with CI Rider. Try to get opinion from IFA who knows more about the insurance products out in the market.

you should not worry about the stage 0 cancer cost because everything will be covered with the shield plan. so the reason to buy one of those early critical illness plan is not very convincing.

Furthermore you do not need to buy a whole life plan with CI Rider attached to it, AXA has a standalone CI plan.

Only Tied Agent will ask you to buy a whole life with CI Rider. Try to get opinion from IFA who knows more about the insurance products out in the market.