
It took me and Daddy a few months to decide if we should fork out money to bank it privately, donate to Singapore Cord Blood Bank or to discard it and pray that no misfortune will befall, in view of our family tree's clean bill of health. We just couldn't make up our mind.
At one point, we were almost decided on donating it to SCBB because there were claims that a person's own cord blood might not be the best source of stem cells for the treatment of many genetic disorders like metabolic diseases and leukaemia. That means, on top of money spent (futilely) banking it privately, we need to spend another bomb buying suitable cells from SCBB for transplants. Now, that sounds silly and totally unwise. As SCBB is a national reserve, so once we've made a donation, my bb's stem cells will belong to SCBB and available for public access, which means it might not be available to us in times of need! Urgh! This is a caught between tough situation.
My gynae recommended that if we are financially able, we really should consider banking it privately as there could be wider uses of stem cells for treatment of more diseases in the future once there are breakthrough in researches.
We procastinated till an advertisement in ST by cordlife came out, offering a HP mini laptop (SP. S$599) upon sign up. Of course, there were strings attached so after much haggling with the sales consultant, we committed a 10-year plan for $3100 (excl GST) using CDA account. It was a $650 direct discount.
We felt relieved and a load off our mind after this decision is made. Like many others, there is always a doubtful side of us on the uncertainty of what could happen in the future hence, to keep our mind at ease, we felt we should embark on this biological assurance least we regret in the future.