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? ============== #MoneyTalksPodcast #insurance #criticalillness #cnapodcasts Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms: https://www.facebook.com/channelnewsasia https://www.instagram.com/channelnewsasia https://www.tiktok.com/@channelnewsasia