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Tiq Cancer Insurance: Is This Plan Worth It?

Tiq Cancer Insurance: Is This Plan Worth It?

Tiq Cancer Insurance gives policyholders affordable premiums for multiple coverage options. While they do offer below average prices for their policies, individuals should look towards other providers as some offer the same coverage for even cheaper prices.

Table of Contents

Summary of Tiq Cancer Insurance
Annual premiums that are all below the market average
Average coverage options up to S$200,000
6% Annual discount for those who do not make a claim
S$100 cashback with promo code "TIQ1111"

Highlights of Tiq’s Cancer Insurance: What You Should Know

Tiq Cancer Insurance offers very similar coverage to other providers on the market at a higher price–making them difficult to recommend to consumers that are looking for the most affordable and effective coverage. Tiq offers 3 different coverage options–S$50,000, S$100,000, and S$200,000–which give 100% payout of the sum assured for all stages of cancer. They offer a 6% discount on annual premiums for policyholders that do not make a claim on their policy.

However, it's worth noting that even with the discounts, the premiums are unlikely to be cheaper than the cheapest cancer insurance plans on the market. .For example, when comparing Tiq and FWDTiq’s premiums are anywhere from 5% to 31% below the market average prices, whereas FWD, has premiums that are 20% to 47% cheaper than the average,–offer the same coverage options, however, FWD is much more affordable.

Policy Eligibility

Before you consider Tiq’s insurance plan, make sure you are eligible to apply. Their eligibility criteria is as follows:

  • Between the ages of 17 and 65
  • A Singapore Resident with a Valid NRIC; or
  • A foreigner holding a valid Work Permit, Social Pass, or Employment Pass

Contact Informations & Claims

When submitting a claim, policyholders must file within 3 months of their diagnosis. They must also provide all certificates, information, and evidence in order to make an eligible claim.

Contact Information
Customer Service Hotline+65 6887 8777
Mailing Address16 Raffles Quay, Hong Leong Building, #01-04A, Singapore 048581
Claim SubmissionOnline Form
Customer Service Email[email protected]

Tiq Cancer Insurance Cost & Features

If you are worried about developing cancer, or would just like to make sure that you have adequate coverage, cancer insurance may be a suitable option for you. Before you purchase any long-term policy, you should speak to a financial advisor about how an insurance policy can impact your long-term financial situation. If you would like to compare Tiq’s Cancer Insurance to others on the market, consider our guide on the best cancer insurance plans in Singapore.

Amount InsuredGenderAge 25Age 35Age 45Age 55
S$50,000MaleS$90.24S$114.68S$216.20S$488.80
FemaleS$127.84S$201.16S$366.60S$490.68
S$100,000MaleS$137.24S$178.60S$374.12S$840.36
FemaleS$221.84S$353.44S$629.80S$842.24
S$200,000MaleS$231.24S$291.40S$611.00S$1351.72
FemaleS$362.84S$577.16S$1017.08S$1355.48
Anastassia Evlanova

Anastassia is a Senior Research Analyst at ValueChampion Singapore, evaluating insurance products for consumers based on quantitative and qualitative financial analysis. She holds degrees in Economics and International Business Management and her prior working experience includes work in the capital markets sector. Her analyses surrounding insurance, healthcare, international affairs and personal finance has been featured on AsiaOne, Business Insider, DW, Vice, Her World, Asia Insurance Review, the Australian Institute of International Affairs and more.

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