It might get a little daunting when it comes to choosing a family cord blood bank. But fret not, here are some tips to guide you along!
- Long-Standing Establishment
Look out for a family cord blood bank that has been around the longest as it showcases their experience and reliability in ensuring that your baby’s cord blood stem cells are stored properly.
Funfact: Established in Singapore since 2001, Cordlife has over 20 years of experience!
- Adherence to International Accreditations
Ensure that your chosen family cord blood bank adheres to stringent protocols that are regularly audited by international bodies when it comes to the processing and storage of your baby’s cord blood stem cells. This provides you with the assurance that the cord blood stem cells remain viable should the need for transplantation ever arise.
Funfact: Cordlife has accreditations from both American Association of Blood Banks (AABB) & Foundation for the Accreditation of Cellular Therapy (FACT)!
- Transplant Track Record
Apart from accreditations, look for any published records of the family cord blood bank’s success rate in releasing cord blood units for transplants. This is evidence that the cord blood stem cells stored with the family cord blood bank remains viable should the need for transplantation ever arise.
FunFact: To date, Cordlife has released 64 cord blood units for transplant cases!
- Additional Service Offerings
Apart from storing cord blood stem cells, check if the family cord blood bank offers additional services as it would give you and your family access to more medical options.
FunFact: Cordlife is the only cord blood bank that offers umbilical cord lining storage. We are a licenced partner of CellOptimaTM – a patented technology which harvests and expands two types of stem cells from your baby’s umbilical cord: Mesenchymal Stem Cells & Cord Lining Epithelial Stem Cells!
- Fully-owned Processing and Storage Facility
As stringent protocols go into ensuring the viability of your baby’s cord blood stem cells, it’s important to check if the family cord blood bank has direct ownership over its processing and storage facilities to oversee the careful preservation of your baby’s cord blood and lining units.
FunFact: Cordlife has a fully-owned laboratory in Singapore and maintains direct control over all critical services, quality and licencing!
- Financial Stability
As stem cell transplant or therapies may occur at any point in life, it’s important that your chosen family cord blood bank has a sound, transparent and sustainable financial status as it gives the assurance that they will be with you for the long haul.
FunFact: Cordlife is a public-listed company on the Singapore Stock Exchange since 2012!
Baby Bonus Scheme
Apart from the factors to consider when choosing the right partner to store your baby’s precious umbilical cord stem cells with, did you know that you can use your baby’s Child Development Account (CDA) to offset the cost of storing your baby’s cord blood?
CDA is part of the Baby Bonus Scheme which is designed to help parents defray the financial cost of raising a newborn-child during their early years. The Baby Bonus Scheme comprises of a cash gift, CDA First Step and co-savings scheme for your child’s CDA.
Here’s a quick breakdown of the costs involved when you take advantage of the Baby Bonus Scheme:
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