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|
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.
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.
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 Insured||Gender||Age 25||Age 35||Age 45||Age 55|