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Cancer, Singapore’s Biggest Killer and its Costs

Cancer, Singapore's Biggest Killer and its Costs

Cancer is one of the leading causes of death in Singapore. Treatment is expensive so understanding the costs involved can help you be prepared.

Cancer is the number one killer in Singapore according to the Ministry of Health¹. In 2018, it accounted for 28.8 percent of deaths in Singapore. Pneumonia ranked at number 2 as a little over a fifth of all deaths were caused by this deadly lung infection. The other leading causes of death are heart disease, stroke, and kidney-related ailments. Although diabetes makes a lot of headlines, it only kills about 275 people in Singapore every year which puts it in at number 10 on the Ministry of Health’s list. This number pales before the 14,000 plus deaths that diseases like cancer, pneumonia, and heart-related ailments cause. And while these diseases can cause immense emotional and physical suffering, they can also be very expensive to treat.

While diabetes is more of a lifestyle disease, cancer is far more serious. It is the leading cause of death in Singapore. Additionally, treatment is expensive. Given its prevalence in the country, it’s advisable to have some form of financial backup in the event you or a family member is diagnosed with cancer. Remember that the fight against cancer can be long and arduous. It can drain you emotionally and financially, as well. It’s practically impossible to prepare yourself to face the stress that the onset of this disease can cause, but you can take steps to protect yourself financially.

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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 or service described herein is suitable for you. You are fully responsible for your investment decision, including whether the investment is suitable for you. The products/services involved 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.