Tokio Marine TM Protect Cancer Insurance: Is It the Most Affordable?
Tokio Marine TM Protect Cancer Insurance: Is It the Most Affordable?
ValueChampion Rating 
Pros
- Those looking for a relatively cheap plan
- Females that are 35+ years old
Cons
- Individuals under 30 years old
- Those looking for a high coverage option
Tokio Marine’s TM Cancer Insurance is a great option for those looking for an affordable and comprehensive insurance plan. Tokio Marine's cancer insurance provides limited coverage of up to S$150,000 and isn't competitively priced for most consumers. Despite its limitations it does provide comprehensive coverage for eligible applicants.
Table of Contents
| Summary of Tokio Marine TM Protect Cancer Insurance |
|---|
| Affordable annual premiums that are below the market average |
| Below average maximum coverage of S$150,000 |
| No coverage options available for those under the age of 30 |
Highlights of Tokio Marine’s Cancer Insurance: What You Should Know
Despite not always having the cheapest premiums on the market for certain age groups and coverage types, Tokio Marine's cancer insurance plan costs below the market average for all of their premiums, making them suitable for middle-aged consumers on a budget. Policyholders have 3 coverages options to choose from–S$50,000, S$100,000, S$150,000. As far as their benefits and payout go, they offer 50% payout of sum assured for any early-stage cancer diagnosis, and an additional 50% payout of sum assured (totaling 100%) for any advanced-stage/major cancer diagnosis.
| Cancer Policy | Early-Stage Payout | Late-Stage Payout |
|---|---|---|
| Tokio Marine TM Protect | 50% Sum Assured | 100% Sum Assured |
Tokio Marine’s coverage options are quite low, as most other insurance providers offer coverage options up to S$200,000 to S$300,000. Despite these low coverage options, anyone who purchases Tokio Marine’s insurance policy can expect to spend anywhere from 1% to 38% less on premiums compared to other insurance policies. In fact, Tokio Marine offers the cheapest premiums on the market for women who are looking for S$150,000 of coverage.
One of the main downsides to this insurance policy is that there is no plan available for individuals under the age of 30. Because of this, we recommend other policies from insurers like consider FWD or MSIG, who provide similarly competitive pricing.
Policy Eligibility
In order to be eligible to apply for TM Protect Cancer Insurance, applicants must be between the ages of 30 and 65. Additionally, applicants must not have any pre-existing conditions prior to submitting their application.
Contact Informations & Claims
Tokio Marine’s application process consists of just 7 health questions. Additionally, their claims form can either be submitted online via a servicing adviser, or sent to their mailing address listed below.
| Contact Information | |
|---|---|
| Customer Service Hotline | +65 6592 6100 |
| Mailing Address | 20 McCallum Street #04-02 Tokio Marine Centre Singapore 069046 |
| Application Submission | Online Form |
| Claim Submission | Online Form |
| Customer Service Email | [email protected] |
Tokio Marine’s Cancer Insurance Cost & Features
If you are worried that you may develop cancer and would like to be protected from the cost of getting cancer, cancer insurance may be a suitable choice for you. Speak to a financial representative about how an insurance policy may impact your financial situation. If you would like to compare Tokio Marine’s cancer plan to other insurance policies, take a look at our guide to the best cancer insurance plans in Singapore.
| Amount Insured | Gender | Age 25 | Age 35 | Age 45 | Age 55 |
|---|---|---|---|---|---|
| S$50,000 | Male | N/A | S$96.00 | S$185.00 | S$447.00 |
| Female | N/A | S$179.50 | S$342.50 | S$469.00 | |
| S$100,000 | Male | N/A | S$192.00 | S$370.00 | S$894.00 |
| Female | N/A | S$359.00 | S$685.00 | S$938.00 | |
| S$150,000 | Male | N/A | S$288.00 | S$555.00 | S$1341.00 |
| Female | N/A | S$538.50 | S$1027.50 | S$1407.00 |
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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.