The Cost of Storing Your Baby's Cord Blood in Singapore
Welcoming a new baby into the family is most certainly a joyous occasion. It also adds considerable responsibility on the family, especially the parents, to ensure the baby gets the best opportunities to do well in life. Financial planning and management become quite important as parents plan for the baby’s future and look to provide long-term health protection with cord blood banking.
Cryoviva Singapore is committed to helping every family with a chance to store their baby’s cord blood by offering this service at an affordable price point. Towards this end, we have created convenient payment modes and installment plans so that the cost of cord blood banking is not a barrier to availing this once-in-a-lifetime chance.
Here is the list of payment methods you can choose from. Please visit the Customer Care section of our website for downloading GIRO and other forms for payment for storing your baby’s cord blood.
Please contact our hotline to inform us that you would like to make the payment and we with furnish you with our Account Number.
So how does Child Development Account (CDA) work? Cord Blood Banking is part of the approved institutions/services for The Baby Bonus Scheme. You can use the CDA to pay for our service to save your baby’s cord blood.
This information on CDA and Baby Bonus is retrieved 31 May 2023 from https://www.babybonus.msf.gov.sg/
- The CDA will be opened within 3-5 working days after your child is successfully registered into the scheme. The CDA First Step of $5,000 will be credited into your child’s CDA within 7-10 working days from the date of CDA opening. You can also save into your child’s CDA and receive the Government matching within 2 weeks from the date of deposit.
- Any balance amount will be deducted according to your billing arrangement with us. Feel free to contact us should you need any further clarification or visit the baby bonus website!
If you would prefer to pay by cheque, cash or NETS, please contact our hotline so that we can arrange for this. For Cheque Payment, please make it payable to “Cryoviva Singapore Pte Ltd”
The CDA is a special saving account for children to help build up the savings that can be spent on approved uses. When a CDA is opened the child will receive CDA benefits, including, the CDA First Step and Government dollar-for-dollar matching contributions for each dollar parents save, up to the contribution caps shown below
Full Down Payment
Parent's Choice- One time payment
- All payment mode accepted
- Payable by CDA
Yearly Payment
Most Convenient- Yearly payment for 5 years
- All payment mode accepted
- Payable by CDA
Monthly Payment
No Additional Financial Burden- Every month for 5 years
- All payment mode accepted
- Payable by CDA