The hidden costs of recovering from critical illness | Money Talks

Surviving a critical illness may be only the start of the financial journey. A Singlife study estimates that recovery can cost around S$170,000 and stretch for an average of 27 months, with expenses extending beyond medical treatment. Andrea Heng speaks with Singlife Group Head of Products Helen Shen about the “recovery gap”, including out-of-pocket expenses, lost income and caregiving.

Highlights:
00:00 Intro
03:17 What contributes to the recovery cost
06:40 Critical illness claims are getting younger
08:19 What’s driving the changing trends?
11:21 The overlooked cost of caregiving
15:48 How recovery can delay retirement
18:10 Does using savings mean underinsurance?
22:30 What if more insurance is unaffordable?

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#MoneyTalksPodcast #insurance #criticalillness #cnapodcasts

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