AXA Launches 360° Cancer Care – Singapore’s First Holistic Cancer Insurance Plan
Chief Marketing Officer of AXA Life Insurance Singapore, Ms Kwek Perroy Li Choo said, “Cancer is the number 1 cause of death in Singapore. We were struck by the statistics that on average more than 1 person in Singapore is diagnosed with cancer every hour and that 14 people die every day in Singapore of cancer. At AXA, we asked ourselves how we can make our insurance protection plans more useful and how we can help alleviate the cancer burden. Our research tells us that most insurance plans in Singapore cover the treatment stage when a patient is diagnosed with cancer, but there are clear needs out there for cancer insurance plans which help with prevention, and plans which support a cancer survivor through his recovery stages.”
In addition, 360° Cancer Care allows for immediate financial support during the three stages of cancer; Medical assistance benefit, which provides a lumpsum payout upon diagnosis of cancer; a lumpsum payout to support basic expenses through the Recovery Benefit in the event that the cancer advances and home rest is recommended; and a Cancer Relapse Benefit which provides an additional payout on relapse of cancer.
A unique aspect under 360° Cancer Care includes an Aftercare Benefit, which allows reimbursement of expenses incurred for the following items:
About AXA in Singapore
With presence as early as 1969, AXA operates Life Insurance and General Insurance entities in Singapore, offering a wide range of products, catering to the needs of individuals and companies.
AXA is the 2nd largest general insurer in Singapore and in the general insurance sector; it ranks No. 1 in Health, No. 2 in Marine Cargo and No. 3 in motor insurance.
About AXA Asia
AXA Asia is committed to become a preferred company in financial protection and wealth management. AXA Asia is part of the AXA Group, and has grown rapidly in Asia with a presence in China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore and Thailand. AXA Asia serves over 6.4 million customers and employs over 7000 employees across the region at the end of 2012.
ABOUT THE AXA GROUP
The AXA Group is a worldwide leader in insurance and asset management, with 160,000 employees serving 102 million clients. In 2012, IFRS revenues amounted to Euro 90.1 billion and IFRS underlying earnings to Euro 3.9 billion. AXA had Euro 1,065 billion in assets under management as of December 31, 2012.
The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA’s American Depository Shares are also quoted on the OTC QX platform under the ticker symbol AXAHY.
The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD, and is a founding member of the UN Environment Programme’s Finance Initiative (UNEP FI) Principles for Sustainable Insurance.
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