Understanding Major Critical Illnesses In Singapore

Despite Singapore’s excellent healthcare system, critical illnesses are a growing concern, impacting many families financially and emotionally. This newsletter explores the top critical illnesses you should be aware of, along with the importance of having proper insurance coverage.

Top Critical Illnesses in Singapore:

1. Cancer: A leading cause of morbidity and mortality in Singapore, with 1 in 4 Singaporeans developing cancer in their lifetime.

2. Heart Disease: Heart attacks, strokes, and other cardiovascular issues pose a significant threat.

3. Stroke: A debilitating condition affecting blood flow to the brain, leading to potential paralysis and speech impairment.

4. Diabetes: A chronic condition requiring ongoing management to prevent complications.

5. Kidney Disease: When kidneys malfunction, waste products build up in the body, requiring dialysis or transplants.

6. Respiratory Diseases: Chronic obstructive pulmonary disease (COPD) and asthma are significant health concerns.

7. Liver Disease: Hepatitis B and C, cirrhosis, and liver cancer are prevalent liver conditions in Singapore.

8. Dementia: This progressive decline in cognitive function can significantly impact daily life.

9. Osteoporosis: Weakening of bones increases the risk of fractures, especially for the elderly

The Financial Impact of Critical Illness

The financial burden associated with critical illnesses can be substantial. Costs associated with diagnosis, treatment, and long-term management can quickly deplete savings.

Protecting Yourself and Your Loved Ones

It is strongly recommended to plan for your critical illness coverage needs. Evaluate your risk factors, budget, family situation and choose a plan that best suits your needs. By planning ahead and securing critical illness insurance, you can safeguard your financial future and ensure that your loved ones are taken care of during challenging times.

Remember, early detection and treatment are key in managing critical illnesses. Maintain a healthy lifestyle, get regular checkups, and prioritise preventive healthcare.

Important: The information and opinions in this article are for general information purposes only. They should not be relied on as professional financial advice. Readers should seek independent financial advice that is customised to their specific financial objectives, situations & needs. This advertisement or publication has not been reviewed by the Monetary Authority of Singapore.