Did You Know? MediShields and IPs may no longer cover some outpatient treatment

Cover Expensive
Off-Label Drugs with Cancer Protection Plans

Let Finance Be The Least of Your Worries

Off-Label Drugs Protection — Engage
Off-Label Drugs Protection — Engage
Off-Label Drugs Protection — Engage

News You Should Know

With the introduction of the new Approved Cancer Drug List¹, cancer patients that receive off-label medication are required to pay upfront without being able to claim from their Integrated Shield Plans (IPs).

Off-label drugs are commonly used in the private healthcare sector, when standard treatments do not work. 

Under the new ruling, insurers will not be able to pay for the treatment if the drug used does not fall in the approved list, and the cost of treatment may come up to $20,000 a month

Off-Label Drugs Protection — Engage

Did You Know?

1 in 3 Singaporeans are diagnosed with Cancer

On Average, 1 in 3 people in Singapore will be diagnosed with cancer sometime in their lives.³

Cancer is the Primary Cause of Death

In 2020, 28.6% of total deaths in Singapore are caused by cancer.⁴

Cancer is one of the top reasons for hospitalisation

According to MOH, cancer is the second leading cause of hospitalization among Singaporeans in 2019-2021.⁴

Common Cancers Affecting Male and Female

According to the Singapore Cancer Society, the most common cancers for males between 2014 and 2018 were Colon and Rectum Cancer, while for women it was Breast Cancer.⁴

The Use of Off-label Drugs

Off-label drugs are commonly used in the private healthcare sector, when standard treatments do not work.

“It is estimated that one in 10 patients being treated in the public sector will not have their current treatment covered by drugs on the Approved List.

This number is expected to be higher in the private sector.”⁵

What should you do next?

The cost of treatment using off-label drugs can cost up to $20,000 a month, or possibly more should the treatment requires a longer period of time.

If you are worried about the cost of off-label drugs, you should consider taking a look at Cancer Protection Plans from various insurance companies.

The following table shows the average annual premium of the plans:

Average Annual Premium for :
Male / Non-Smoker / Policy Term: 20 years / Sum Assured: S$ 100,000

Company A
Company B
Company C
Company D
Company E
$ 242
$ 265
$ 245
$ 1075
$ 326
$ 334
$ 394
$ 451
$ 1,414
$ 488
$ 464
$ 581
$ 717
$ 1,885
$ 732
$ 687
$ 883
$ 1,144
$ 2,393
$ 1,126
$ 1,067
$ 1,441
$ 1,942
$ 3,186
$ 1,798
$ 1,645
$ 2,472
$ 3,292

Average Annual Premium for :
Female / Non-Smoker / Policy Term: 20 years / Sum Assured: S$ 100,000

Company A
Company B
Company C
Company D
Company E
$ 466
$ 509
$ 551
$ 1,979
$ 618
$ 529
$ 666
$ 834
$ 2,452
$ 824
$ 680
$ 813
$ 1,209
$ 2,976
$ 1,070
$ 844
$ 968
$ 1,702
$ 3,460
$ 1,394
$ 1,038
$ 1,203
$ 2,251
$ 3,919
$ 1,912
$ 1,282
$ 1,576
$ 2,979

* Comparison not available as Age 30 is below the minimum entry age.
** Comparison not available as Age 55 exceeds the maximum entry age.
*** The above comparison table is prepared by the Wealth Management Department, Financial Alliance.

Getting the Best Cancer Protection Plan

Engage Financial Alliance,
The Largest Independent Financial Advisory Firm in Singapore

Why an INDEPENDENT Financial Adviser ?

By being independent, we offer impartial financial advice that is in the clients’ interest instead of providing biased advice that is unduly influenced by our business partners’ sales quotas or higher commissions.

Off-Label Drugs Protection — Engage
Off-Label Drugs Protection — Engage

Leveraging on Our Experience Financial Consultant and In-House Research Team

Get the best cancer protection plan as we narrow down the thousands of products provided by various financial institutions in Singapore and enjoy a well-rounded solution.

One-Stop Financial Service

Our access to a suite of products and services, coupled with strategic tie-ups with business partners (as mentioned above) give us the independence,  range and depth to serve your needs.

Off-Label Drugs Protection — Engage


  1. Ministry of Health Singapore – “Cancer Drug List”
  2. The Straights Times – “Drug used off-label has kept man’s brain cancer under control for a year” 
  3. Raffles Medical Group – “Cancer Happens to 1 in 3 Singaporeans”
  4. Ministry of Health Singapore. – “Resources & Statistics”
  5. The Straight Times – “How the Cancer Drug List May Impact You”
Off-Label Drugs Protection — Engage


Contact Me

What type of services are you looking for? 请问您需要咨询哪些方面的服务?(Please select all that applies)


By submitting this form, I confirm that


  • I have read and understood FAPL’s Personal Data Policy, and hereby give my acknowledgement and consent to FAPL to use my personal data in accordance with FAPL’s Personal Data Policy.
  • 我已阅读并理解鑫盟理财私人有限公司的个人数据保护政策,并同意鑫盟理财私人有限公司根据个人数据保护政策所阐述的用途使用我的个人资料。
  • I have read and understood the disclaimers above and hereby affirm my acceptance of these terms.
  • 我已阅读并理解了上述免责声明,特此声明接受这些条款。
  • I have not been directly contacted or approached by any representative or employee of FAPL with an offer or solicitation to apply for any financial products not offered in my home country.
  • 鑫盟理财私人有限公司的代表或员工并未直接与我联系或提出要约或招揽购买我原居住国境内所不提供的任何金融产品.
  • Financial Alliance Pte Ltd ( “FAPL”) is licensed by the Monetary Authority of Singapore (“MAS”) and allowed to conduct financial advisory activities in accordance with the Financial Advisers Act (Cap. 110) (“FAA”) and the Securities & Futures Act (Cap. 289) (“SFA”) within the jurisdiction of the Republic of Singapore and in accordance with the licenses granted by MAS
  • 鑫盟理财私人有限公司( “鑫盟理财”)持有由新加坡金融管理局(“MAS”)所颁发的牌照,并许可在新加坡共和国境内依据财务顾问法(第110章)和证券与期货交易法(第289章)进行财务咨询等相关业务
  • Any services provided by FAPL to persons not ordinarily resident in Singapore are provided solely on an offshore basis from Singapore, resulting from direct enquiry on the part of the foreign residents.
  • 鑫盟理财为非新加坡居民所提供的任何服务仅限于直接向鑫盟理财发出咨询请求的国外居民。
  • As an integral part of the provision of such services, FAPL may from time to time make available to such residents, documents and information making reference to capital markets products (for example, in connection with the provision of fund management or investment advisory services outside of the foreign jurisdiction).
  • 作为提供此类服务的一部分,鑫盟理财会不时向此类咨询者提供有关产品的参考文件和信息(例如,关于海外司法管辖区以外的资金管理或投资咨询服务等信息)。
  • Such documents and information are provided by Financial Alliance Pte Ltd (“FAPL”) is for general information only and is not intended for anyone other than the recipient.
  • 此类由鑫盟理财所提供的文件和信息仅供收件人做一般信息参考。
  • It does not take into account the specific investment objectives, financial situation or particular needs of any particular person.
  • 此类文件和信息不会把-个人投资目标,财务状况或其特定需求等考虑在内。
  • It does not constitute the making available of, or an offer or solicitation by FAPL to buy or sell or subscribe for any such capital markets product or to enter into a transaction or to participate in any particular trading or investment strategy nor an advice or a recommendation with respect to such financial products.
  • 鑫盟理财向该人士提供此类文件和信息将不构成要约或招揽购买或出售或认购任何此类资本市场产品,或达成交易或参与任何特定的投资策略,也不构成有关此类金融产品的建议或推荐。
  • These documents may not be published, circulated, reproduced or distributed in whole or in part to any other person without FAPL’s prior written consent.
  • 未经鑫盟理财的事先书面同意,不得将这些文件全文或部分发布,传播,复制或分发给其他人。
  • This document is not intended for distribution to, publication or use by any person in any jurisdiction, where such distribution, publication or use would be contrary to applicable law or would subject FAPL and its related corporations, connected persons, associated persons and/or affiliates to any registration, licensing or other requirements within such jurisdiction.
  • 鑫盟理财无意在分发,出版或使用此类文件可能违反当地法律,或本公司及关联公司或关联人士需要注册,获得许可或符合规定的司法权区向当地人士分发、出版此类文件或供其使用。
  • You shall ensure that you have and will continue to be fully compliant with all applicable laws in your home country when entering into discussion or contracts with FAPL.
  • 在与鑫盟理财进行讨论或签订合约时,您应确保您已完全遵守并将继续遵守您所在原居住国的所有适用法律及条规。

In compliance with the Personal Data Protection Act, Financial Alliance Pte Ltd (“FAPL”) seek your consent to collect and use your personal data (e.g. name, NRIC, contact numbers, mailing addresses, email addresses and photograph) for the purposes of and in accordance with FAPL’s Data Protection Policy, which can be found on FAPL’s website at https://fa.com.sg/data-protection-policy/.

根据《个人数据保护法》,鑫盟理财私人有限公司征求您的同意向您收集并使用您的个人信息。鑫盟理财将根据公司的个人数据保护政策所阐述的用途使用您的个人资料(例如姓名,证件号码,联系电话,邮寄地址,电邮地址和照片)。 该政策可在本公司网站上查寻,网址为 https://fa.com.sg/data-protection-policy/.

By submitting this form, you are deemed to have read and understood FAPL’s Personal Data Policy.


Scan for Contact Details

Join our newsletter

Subscribe to our newsletter to receive updates on our latest content!

By providing the info below, I confirm that I am the user and/or subscriber of the telephone number(s) and email address provided by me and I consent to receive from Financial Alliance and/or its financial adviser representatives, any marketing, advertising and promotional information organise by Financial Alliance via voice calls, SMS/MMS (text messages) or faxes to my telephone number(s) provided below. I understand I may withdraw any consent I have given at any time by writing in to Financial Alliance Pte Ltd.

Scan for WeChat QR

Retirement Planning

Will I be able to retire comfortably?

Get Your FREE Cancer Protection Plan Comparison Report

There are many cancer protection plans in the market.

Some are suitable for younger clients, some are suitable for senior clients.

There are also plans that is made for clients that have contracted cancer in the past and wants to cover for future cost of relapse.

Every client of ours is unique. We want to ensure that you get the best Cancer Protection Plan within your budget.

Schedule a consultation session with our financial consultant to and get a FREE Cancer Plan Comparison Report.

Contact Number*

By clicking “Schedule a Consultation Session” above, you consent to our Terms of Service, Privacy Policy, and consent to receive automated calls/texts from Financial Alliance Pte. Ltd. Consent is not a condition of any solicitation of services.