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MSIG CancerCare Plus review

Enhance your healthcare protection with MSIG's cancer insurance plan.

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MSIG’s CancerCare Plus insurance is a competitively priced critical illness plan that offers exclusively cancer coverage. It provides a $100,000 lump sum payout for major cancer, plus a 50% early cancer accelerator benefit, which may be an ideal protection boost on top of your existing healthcare policies.

Take a closer look at how MSIG CancerCare Plus works and if it’s the right fit.

Name Product Purpose Lifetime Coverage COVID-19 coverage Eligible Age Last entry age
MSIG CancerCare Plus
MSIG CancerCare Plus
Provides a lump sum payment in the event of a Major Cancer or Early Stage Cancer diagnosis
No
No
20 to 65 years old
84
Apply online and get 20% off CancerCare Plus. T&Cs apply. Valid until 31 Oct 2021.
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Quick verdict

Good for
  • High coverage to premium ratio.
  • Highest default basic sum assured of $100,000.
  • One of the cheapest cancer coverage options for young, healthy adults.
  • No medical examination required.
Not so good for
  • Premiums get considerably pricey for older consumers (above 45 years old).
  • No additional death benefit.

What is MSIG CancerCare Plus?

MSIG CancerCare Plus is a straightforward policy that provides a lump-sum payment if the insured is diagnosed with a major or early-stage cancer.

What is considered a major or early-stage cancer?

You’ll either be entitled to the basic or accelerated benefit depending on your condition:

  • Major cancer. A malignant tumour that’s positively diagnosed with histological confirmation and characterised by the uncontrolled growth of malignant cells with invasion and destruction of normal tissue. This includes, but is not limited to, leukemia, lymphoma and sarcoma.
  • Early-stage cancer. Refers to cancer growth that’s still in its early stages and has not spread to other parts of the body.

For the full definition of Major Cancer and Early-Stage cancer, please refer to the MSIG CancerCare Plus policy document. If you’re unsure, do not hesitate to contact MSIG or your agent directly.

Limited offer

Enjoy 20% discount on your MSIG CancerCare Plus policy when you apply online.

Valid till 31 October 2021. Terms and conditions apply.

How do the features for MSIG Protection Plus policy compare?

Here’s a side by side comparison of benefits for each level of cover.

CoverageSum insured
Basic benefit
Major cancer$100,000
Accelerated benefit
Early stage cancer
  • Carcinoma In Situ
  • Early Prostate Cancer
  • Early Thyroid Cancer
  • Early Bladder Cancer
  • Early Chronic Lymphocytic Leukemia
  • Gastro-Intestinal Stromal Cancer
50% of basic benefit

*Information provided in the table is accurate as of 15 September 2021.

Premium rates

Here are the annual premium rates (inclusive of 7% GST) for MSIG CancerCare Plus, as of 15 September 2021:

Age groupMaleFemale
20 to 29$53.50$108.43
30 to 39$94.16$282.48
40 to 44$194.03$468.09
45 to 49$325.28$812.49
50 to 54$533.57$1,178.43
55 to 59$898.80$1,409.55
60 to 64$1,204.11$1,706.29
65 to 69*$1,877.49$1,850.39
70 to 74*$2,747.76$1,994.48
75 to 79*$3,478.21$2,413.92
80 to 84*$3,672.24$2,879.01

*Coverage for 65 years and above is only available for renewals of existing policies.

What won’t be covered?

MSIG CancerCare Plus policy will not pay for claims/incidents arising from:

  • Related pre-existing conditions
  • Cancer diagnosis or treatment made within 90 days from the date of the policy
  • Failure to seek or follow medical advice
  • Drug or alcohol abuse
  • Ionising radiation or radioactivity contamination

*The full details of the exclusions are contained in the policy document.

Making a claim

You may file a claim online, including via your mobile phone, on MSIG’s website. Alternatively, you can also download a copy of the claim form or request for the form to be sent to you. The “Medical Report” section of the claim form should be completed by your attending doctor.

Supporting documents

Be sure to provide the following along with your claim form, if applicable:

  • Original medical bills or receipts
  • Original clinic bills or receipts
  • Medical report/discharge summary
  • Copy of work permit (if applicable)

Eligibility criteria for MSIG CancerCare Plus

MSIG CancerCare Plus is available for:

  • Singapore residents
  • Between 20 and 65 years old

About MSIG

With a presence in Singapore for over 100 years, MSIG is a well-trusted brand in Singapore and one of Asia’s leading general insurers. The brand is one of the few foreign‑based general insurers that offer a wide range of personal and commercial insurance solutions.

MSIG Insurance (Singapore) Pte. Ltd. is a wholly-owned subsidiary of MSI and a member of the MS&AD Insurance Group.

Bottom line

MSIG CancerCare Plus is one of the best value-for-money plans available in the market, especially for younger people seeking affordable cancer coverage to supplement their existing healthcare plans.

Compared to competitors such as Great Eastern, Prudential and SingLife, you’ll be covered for a fixed assured sum at $100,000 instead of $50,000, at similar premium rates. Additionally, this policy offers automatic renewal even after you’ve made a claim for early-stage diagnoses.

If you belong to an older age group (above 45 years old), do note that the premium rates for MSIG CancerCare Plus are considerably pricey.

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