FWD Cancer Insurance Review: High Quality Cancer Coverage?

FWD Cancer Insurance Review: High Quality Cancer Coverage?

FWD's Cancer Insurance may not have a plethora of benefits, but it offers good coverage for a competitive price.

Good for

  • Consumers on a budget
  • Individuals looking for cancer only coverage

Bad for

  • Individuals looking for a standard critical insurance plan
  • Individuals who need more than S$200k of coverage

FWD's Cancer Insurance policy is a unique standalone critical illness plan due to its ability to be purchased online. Furthermore, it can be a suitable choice for individuals seeking cancer protection due to the plan's affordable price and above average coverage compared to other cancer-only plans on the market. However, because it only focuses on cancer coverage, those who are seeking a traditional critical illness plan or a plan that offers multiple payouts may not find enough coverage in FWD's plan.

Summary of FWD Cancer Insurance
Above average cancer coverage compared to other cancer insurance policies
Policy purchase and claim submission is available online
Offers free second opinion medical check
Promotion: "Cancer" for 15% Discount

Highlights of FWD Cancer Insurance

FWD's Cancer Insurance plan may be a suitable option for those looking for cancer-only coverage. You can choose from three levels of cancer coverage ranging from S$50,000 to S$200,000. Furthermore, you can purchase this plan and file a claim online—a beneficial feature for those who may not be able to go to a branch either due to lack of time or accessibility. You can purchase this plan if you're between 18 and 65 years old, with the plan automatically renewing until you turn 85.

In terms of features, FWD's plan offers a free second medical opinion to review all your treatment options and when it does come time to make a claim, you will get the full payout regardless of the stage of cancer you have. This is in contrast to other plans on the market that only offer a partial payout for early stages of cancer. Furthermore, FWD's coverage is worldwide, so you will be covered regardless of where life takes you.

While FWD's Cancer Insurance may be suitable for some people, it may not be the best option for others. For instance, those who are looking for traditional critical illness plans should be aware that it doesn't cover anything besides cancer and its death coverage is maxed out at S$5,000. Furthermore, unlike multi-pay critical illness plans, FWD'S plan doesn't let you claim multiple times under the same policy. Thus, individuals worried about getting secondary illnesses that may require further claims may not receive the right coverage.

Policy Exclusions

FWD's Cancer insurance excludes coverage for cancer caused directly or indirectly from pre-existing medical conditions. There is also a 90-day waiting period before you can file a cancer claim.

Claims & Contact Information

You have 90 days to notify FWD regarding a death or cancer diagnosis. You can submit your claim online as long as you submit the proper documents, which include a copy of the attending doctor's statement, clinical abstract application form and medical reports. The cancer benefit will be paid to the policyholder and the death benefit will be paid to the nominated beneficiaries or the legal estate.

Contact Information
Customer Service Hotline+65 6820 8888
Claims E-mail[email protected]
Mailing Address6 Temasek Boulevard, #18-01 Suntec Tower 4, Singapore 038986
Claim SubmissionOnline Form

FWD Cancer Insurance Cost & Features

If you are someone who may be at risk for developing cancer (either due to family history or lifestyle) or you are simply worried more about getting cancer compared to other diseases, cancer insurance may be a suitable option. If you would like to compare FWD's cancer insurance to other critical illness plans on the market, you can read our guide to the best critical illness plans in Singapore.

Premiums & CoverageS$50,000 PlanS$100,000 PlanS$200,000 Plan
25-Year Old MaleS$98S$148S$248
35-Year Old MaleS$118S$178S$358
45-Year Old MaleS$208S$358S$488
55-Year Old MaleS$488S$838S$1,348
Early Stage Cancer Payout100%100%100%
Late Stage Cancer Payout100%100%100%

Comments and Questions