Myths on Cancer Insurance in Singapore

Narendra Singh16 Nov, 2021Finance

As per the Protection Gap Study 2017 conducted by Life Insurance Association Singapore, the country faced a CI protection gap and mortality protection gap of about S$256,826 and S$169,673 per economically active adult, respectively. This comes to a national mortality and CI protection gap of S$893 billion. These figures illustrates the lack of coverage needed against financial repercussions in the events such as critical illnesses or death.