Prudential’s PruCancer 360 is a standalone cancer insurance policy that can be a good option for people looking for above average coverage and flexibility. Policyholders have the option to purchase coverage up to S$300,000— one of the highest coverage options on the market and will receive 100% payouts for any stage of cancer. Furthermore, Prudential offers coverage for those up to the age of 100, which is great for those who are looking for coverage in their older years. However, Prudential may not be the best option for older people on a budget due to their above average prices for the middle-aged and older cohort.
Table of Contents
|Summary of Prudential PruCancer 360 Insurance|
|High cancer coverage of S$300,000, but plans are more expensive for older individuals|
|100% payout for all stages of cancer|
|Coverage for individuals up to 100 years old|
Highlights of Prudential PruCancer 360: What You Should Know
Prudential’s PruCancer 360 plan is a suitable option for those looking for a flexible policy that offers high coverage. Prudential offers coverage amounts ranging from S$10,000 to S$300,000. What makes this even better is that an individual can choose any S$10,000 increment in between this range. For example, if you are interested in getting S$120,000 worth of coverage, that option is totally available to you, unlike with plans from other insurers that limit your coverage options. Furthermore, the PruCancer 360 plan offers coverage for any policyholder up to the age of 100–the closest competitor offers coverage up to 85 years of age–making it a great option for those looking for longer term coverage.
In terms of features, Prudential offers 100% payout for all stages of cancer, which is in contrast to other insurance policies that only provide a 50% payout for an early stage diagnosis. Prudential also provides a virtually hassle-free application process, requiring the applicant to answer only 1 medical question. They also offer a S$5,000 death benefit in the instance that the policyholder passes away.
While Prudential’s PruCancer 360 plan is a worthy choice for some, it is not a great option for everyone. While younger consumers may pay premiums that are 5% to 38% below average, premiums can cost up to 48% above the market average for those 55+ years and older. Thus, individuals that fall into this age group may want to consider a cheaper cancer insurance, like FWD, instead.
Policy Exclusions & Eligibility
Before you purchase a policy, consider some of Prudential's eligibility requirements, exclusions, and limits:
- In order to assign a policy, both the assignor and assignee must be at least 18 years old.
- The maximum renewal age for a policy is 95
- The maximum sum assured for anyone ages 1-16 is S$100,000
- The applicant must not have any pre-existing conditions–more information on pre existing conditions can be found in their policy contract
Contact Informations & Claims
Prudential does not offer online claim filing, so instead they require policyholders to fill out a claim form which needs to be mailed to their address. With this form, it is required that the policyholder submits their histopathological/biopsy reports & operation reports (if surgery has been performed).
Prudential PruCancer 360 Cost & Features
To protect yourself against the financial costs associated with getting cancer, cancer insurance may be a suitable option for you. Prudential’s flexible coverage options allow for a more tailored plan. While cancer insurance may be a financially viable option for some, it may not be for others, so you should consult a financial representative before you commit to any policy. If you would like to compare Prudential’s PruCancer 360 plan to other critical illness insurance plans on the market, check out our guide to the best critical illness plans in Singapore.
|Amount Insured||Gender||Age 25||Age 35||Age 45||Age 55|