Planning for serious illness is a key part of financial protection. Rising medical costs and longer recovery periods have led many Singapore residents to consider insurance that protects not just healthcare expenses, but also income and lifestyle. Two common options are cancer insurance and critical illness (CI) insurance. While both provide financial support during major health events, they differ in coverage scope, payout structure, premiums, and claims criteria. Cancer insurance focuses on a single illness, while CI insurance covers a wider range of serious conditions, including cancer. Understanding these differences can help you choose protection that fits your health risks, budget, and long-term financial planning needs. What is cancer insurance? Cancer insurance is a specialised policy designed to address the financial challenges of a cancer diagnosis, treatment, and recovery. In Singapore, it supplements national schemes and private health insurance by covering costs that are not always fully reimbursed, such as prolonged treatment, specialist care, and income disruption. Common benefits may include:...