Understanding the True Cost of Cord Blood Banking
The reality is that the absolute cost of storing a baby’s cord blood with any family cord blood bank in Singapore is likely to run into a few thousand dollars. However, before this pricing turns you away, there are quite a few factors that you should take into account, especially if you are considering Cryoviva as your cord blood bank.
- The cost is spread over more than 2 decades: Yes! Our typical service agreement is for storage for 21 years, with some conditional provisions for additional storage.
- Effective cost amounts to a few cents a day: Unbelievable but true! 21 years equates to over 7,000 days and our storage plan for that duration costs much lower than S$6,000 (please contact us to discuss exact pricing plans). That is why it is important to consider ‘amortizing’ the cost over the duration of the storage agreement to get a truer picture of the cost of cord blood storage.
- Availability of flexible payment options: Isn’t it wonderful to know that one does not have to shell out the cost in one go thanks to flexible credit card installment plans we offer? What’s more, one can also tap into the Singapore government-supported Child Development Account to pay for cord blood banking service. These provisions are bound to significantly lower the financial burden on any family opting for cord blood banking.
Value of cord blood storage is realized when need arises
In many ways, an ‘investment’ in storing a baby’s cord blood with a family cord blood bank is akin to one taking out most forms of insurance. Of course, let us state very clearly that it is not the same as (or a replacement for) a health insurance policy.
We draw this analogy only to highlight that the key premise behind both, an insurance policy and storing cord blood, is very similar: the need to be prepared for eventualities that may or may not occur, while recognizing that the lack of preparation can be extremely costly in monetary and non-monetary terms.
For one, stem cells from your baby’s stored cord blood or cord tissue have the potential to save a life (the baby’s or a close family member’s), the value of which is impossible to determine.
Moreover, there are a growing number of ailments for which stem cells from umbilical cord components are being used for treatment. Not having stored stem cells deprive one of the opportunity to use these in the unfortunate event that these become necessary and having to turn to other forms of treatment that could be both cumbersome and more expensive.
Don’t let cost of cord blood banking deter you
In conclusion, we would like to reiterate that the cost of storing your baby’s cord blood may not be as high as you think it is. Most parents invest significantly higher amounts in putting their children through a range of enrichment activities.
In comparison, wouldn’t you agree that the preparation for long-term health eventualities is a small price to pay?
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Interested in finding out more about cord blood banking in Singapore? Contact us now through the form on this page or WhatsApp us on +65- 83398482 and let our customer service consultants address your queries.
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Frequently Asked Questions
How much does cord blood banking cost in Singapore?
Cryoviva's storage plans are typically for 21 years, and cost much lower than S$6,000 for the full term — that works out to just a few cents a day when spread across the storage period. Contact us to discuss exact pricing for your family's plan.
Can I pay in instalments instead of one lump sum?
Yes. We offer flexible credit card instalment plans, so you don't need to pay the full cost upfront.
Can I use my Child Development Account (CDA) to pay for cord blood banking?
Yes — Cryoviva accepts payment via the Singapore government-supported Child Development Account, which can help lower the out-of-pocket cost for your family.
Is cord blood banking a one-time cost or an ongoing one?
It's structured as a single service agreement covering the full storage term — typically 21 years, with conditional provisions for additional storage beyond that if needed.
Is the cost worth it compared to not storing at all?
That depends on your family's situation, but many parents find that when the cost is spread over two decades, it's comparable to or lower than other family expenses like enrichment activities — while cord blood and cord tissue can only ever be collected once, at birth.
How do I get an exact price quote?
Contact us through the form on this page, or WhatsApp us directly at +65-8339 8482, and our consultants will walk you through exact pricing for your plan.
