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Don’t Let A Critical Illness Destroy Your Finances

Don’t Let A Critical Illness Destroy Your Finance

A critical illness can strike anyone. While it’s true that it’s more likely to affect those in middle age or the elderly, it’s essential to take precautionary steps. Lead a healthy lifestyle, follow a disciplined exercise regimen, and don’t miss your health check-ups.

Doing these things can reduce the chances of contracting a serious disease. It can’t eliminate them.

It’s a hard truth that cancer and heart disease are on the rise in Singapore. Treatment can take months, and it’s expensive. But you can prepare by buying a critical illness insurance policy. A relatively small investment in the yearly insurance premium could save you hundreds of thousands of dollars.

Footnotes

¹ Life Insurance Singapore’s Standard Definitions For Severe Stage Of 37 Critical Illnesses: Version 2019

²  Life Insurance Association Singapore – 2017 Protection Gap Study – Singapore

³  National Cancer Centre Singapore – Cancer Statistics

  World Health Organization – International Agency for Research on Cancer

⁵  Singapore’s Approaching Tsunami of Cardiovascular Disease

This article is brought to you by Standard Chartered Bank (Singapore) Limited. All information provided is for informational purposes only.

Disclaimer

This article is for general information only and it does not constitute an offer, recommendation or solicitation of an offer to enter into any transaction or adopt any hedging, trading or investment strategy, in relation to any securities or other financial instruments. This article has not been prepared for any particular person or class of persons and does not constitute and should not be construed as investment advice or an investment recommendation. It has been prepared without regard to the specific investment objectives, financial situation or particular needs of any person or class of persons. You should seek advice from a licensed or an exempt financial adviser on the suitability of a product for you, taking into account these factors before making a commitment to purchase any product or invest in an investment. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether the product is suitable for you. You are fully responsible for your investment decision, including whether the product or service described herein is suitable for you. The products/services mentioned are not principal-protected and you may lose all or part of your original investment amount. Standard Chartered Bank (Singapore) Limited will not accept any responsibility or liability of any kind, with respect to the accuracy or completeness of information in this article. Investment products are not deposits and each of the investment products mentioned do not qualify as an insured deposit under the Singapore Deposit Insurance and Policy Owners’ Protection Schemes Act 2012, Rev. Ed. Cap 77B.