Cancer insurance

Everytime I read a story about cancer, I would feel very paranoid. The costs of treatment could easily be 100k for each relapse.

Somemore cancer is a recurring issue. I recently read the story of a cancer survival from the woke salaryman blog, it mentioned that the person spent 200k in a span of 2 years.

Imagine a person having to cough up 200 grand. After reading this, I immediately went to look at my insurance policies.

I have 2 AIA policies for cancers, for total sum assured 230k for major cancer diagnosis. 57k in the event it is a early cancer.

I have 2 prudential term insurance for death, terminal illness of up to 700k. My integrated shield plan is also under prudential. Rest are accidental plan, a daily hospitalisation policy.

I realised my cancer cover (in the event it was detected early) would only pay me 57k. Far from the 200k.

Immediately i googled for the best cancer guard plan in sg and came upon FWD's. I got sold, I bought their cancer insurance for 100k coverage and paid one year premium. The plan cost half of my AIA, it was cheap. 

I did everything online and paid for it. The plan cover all cancer regardless the stages. This fit what I was looking for. Although i am not sure whether claiming this would be easy, but i believe all insurance companies claim process would not be so easy. 

Anywhere my concern is to pluck the hole. Indeed there are many other illnesses that could pose a threat, I still think cancer (especially since it can happen anywhere) is frightening and could potentially bankrupt the person and his family. With this purchase, i could at least breathe easier as I feel my policies are able to cover me adequately.

Wuhan outbreak

With Sg just averting a recession last quarter, I felt that the wuhan outbreak may like plunge sg into recession as tourism will be hard hit.

This meant that the stocks market will go down earlier than expected.

The wuhan outbreak is likely to last a few months, meaning the downturn will also likely last.

Last check on my existing counters, all are on the downward spiral. I am accumulating cash meanwhile to take advantage of this when the price of my counter is right.