Being protected from life’s what-ifs should be simple. Now you can get insurance coverage in a few easy steps with the new SimpleInsure feature on the UOB Mighty app.
Research has shown that 2.5 to 5 hours a week of moderate-intensity exercise can reduce one’s risk of cancer by as much as 25%*.
On the other hand, more than one hour a day of sitting and watching TV has been associated with a 12% increase in colorectal cancer risk^.
This is an estimated cost of battling cancer:
Hospitalisation and treatment fees can cost between S$100,000 and S$200,000* a year.
Additionally, you might also have to account for lost income should you stop working. Besides medical bills, you would also have to pay for family and household expenses while being treated. The average coverage you would need in the event of a critical illness such as cancer is S$316,603^.
^Source: https://www.lia.org.sg/media/1332/protection-gap-study-report-2017.pdf, extracted as of January 2021.
Young adults are actually prone to certain types of cancers such thyroid, colorectal and breast cancer.
Source: www.cancer.gov/types/aya, extracted as of November 2020.
About one-third of cancers can be recovered from if detected and treated early.
Source: https://www.singaporecancersociety.org.sg/images/publications/misc-publications/scs-cancer-care-kit-(english).pdf, extracted as of November 2020.
PRUCancer 360 covers you against cancer from S$16 a month* – get peace of mind for what you would pay for a video streaming subscription.
Receive a 100% payout1 of your sum assured for all cancer stages
Simply answer 3 health questions, no medical examination required
From S$16 per month*, you can be protected with a sum assured of S$100,0002, or customise cancer protection according to your needs
Provides cancer coverage right up till your golden years3
*Based on sum assured of S$100,000, 25 year old female, non-smoker. The amount is rounded off to the nearest dollar.
1Payout is subject to definition and conditions found in the product summary that can be obtained from your UOB qualified Financial Adviser Representative. For certain medical conditions, there is a waiting period of 90 days from the date of issue or reinstatement whichever is later. Survival period is applicable before a claim can be made.
2Increments of sum assured are in multiples of $10,000. Maximum sum assured for age 1 – 16 is $100,000.
3Maximum renewal age is 95.
Important Notice & Disclaimers
The information herein shall not be regarded as an offer, recommendation, solicitation or advice to buy or sell any investment product and shall not be transmitted, disclosed, copied or relied upon by any person for whatever purpose. Nothing in these articles or information constitutes accounting, legal, regulatory, tax, financial or other advice. If in doubt, you should consult your own professional advisers about issues discussed herein. The views expressed in the articles are solely those of the authors’, reflect the authors’ judgment as at the date of the articles and are subject to change at any time without notice. Although every reasonable care has been taken to ensure the accuracy and objectivity of the information herein, UOB and its employees make no representation or warranty of any kind, express, implied or statutory, and shall not be responsible or liable for its completeness or accuracy. As such, UOB and its employees accept no liability for any error, inaccuracy, omission or any consequence or any loss/damage howsoever suffered by any person, arising from any reliance by any person on the views expressed or information herein.
Please approach a UOB Banker for a complete suite of insurance savings plans. Buying a life insurance policy is a long term commitment. An early termination of the policy usually involves high costs and the surrender value payable (if any) may be less than the total premiums paid. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. This marketing material is not a contract of assurance nor is it intended as an offer or recommendation with respect to the purchase or sale of the above product. Acceptance of the proposal is subject to underwriting. The precise terms and conditions of the above product are specified in the policy. The above is for general information only and does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You may wish to seek advice from a financial adviser before making a commitment to purchase this product. In the event that not to seek advice from a financial adviser, you should consider carefully whether this product is suitable for you. United Overseas Bank Limited does not hold itself out to be an insurer, insurance broker or insurance agent. The insurance products and services stated herein are provided by Prudential Assurance Company Singapore (Pte) Limited. This advertisement has not been reviewed by the Monetary Authority of Singapore.
Policy Owner's Protection Scheme
These policies are protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for these policies are automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).