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Hospitalisation Insurance (H&S)

Insurance

Was choosing between private and class a hospital for my integrated shield plan. Can someone advise under what circumstances would private hospitals be preferred over class A hospitals?
Wendy
Wendy
Level 3. Wonderkid
Answered 2h ago
I have heard the same from my agent as well, that we can take up the private plan and eventually downgrade in the future if we feel that the premium is not sustainable in the long run. No doubt the premium for private plan will be higher compared to Class A. My personal take is that it really depends on the level of healthcare service you would like. My experience is that private hospital give you access to a specific specialist and the waiting time is definitely much shortly than that of a public hospital. It is not about only about staying Class A in hospital (during hospitalisation) but also about the post hospitalisation. The follow up treatment at public hospital might have longer waiting time compared to visiting a specialist clinic in a private hospital. This are my thoughts about it and hope it helps.

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Insurance

Personal Accident Insurance

Personal Accident Insurance: Which ones cover scuba diving and rock climbing?
The more expensive ones will cover these

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Insurance

Term Life Insurance

Noticed that deeply doesn't provide comparison of term plans across different insurers, would it be possible to do a comparison? I supposed there are USP of the term plan provided by insurer.?
Hi Anon, I'm assuming you meant to type Seedly instead of deeply. Well from my understanding, Seedly may not be able to get all the premiums as only advisors distributing the products have such info. Only FAs have the information on hand to do the comparison for you. MoneyOwl has a regular monthly update. But any IFA you work with can assist as well. Other than premiums, the pros and cons and deeper comparisons as you've mentioned would be a part of that comparison.

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DBS

DBS Multiplier Account

Insurance

Endowment Policies

Is there a DBS insurance plan worth getting to fulfil the DBS multiplier category?
Yang Teng
Yang Teng
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered 14h ago
The first 12 months of your regular premium policy will be recognised for higher interest on your Multiplier Account balance. Below is a list of eligible products: - CancerCare - Critical SelectCare - LifeReady Plus - ManuEdu First - Manulife SmartRetire - Manulife SmartWealth (II) - Manulife Spring - ManuInvest Assure - ManuProtect Decreasing (II) - ManuProtect Decreasing Lite (II) - ManuProtect MoneyBack - ManuProtect Term (II) - ManuProtect Term Lite (II) - Ready LifeIncome - ReadyBuilder – Regular Premium - ReadyPayout Plus - RetireReady Plus II – Regular Premium You should get an insurance policy only if you need it. In addition, the bonus interest will only be for 12 months.

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Insurance

Investment Linked Policies (ILP)

Manulife Life Insurance

Whole Life Insurance

ManuInvest Duo (20 years): Too good to be true? Allows for unlimited fund switching, fund rebalancing, premium redirection, with supplementary Critical Care Plus Rider (I).?
Lee John
Lee John
Level 7. Grand Master
Answered 17h ago
Nope. Never ILP for me.

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Insurance

If I get disabled due to infectious disease or personal accident / critical illness, can I claim from both disability income insurance & PA/CI?
Lee John
Lee John
Level 7. Grand Master
Answered 17h ago
Look at the terms and conditions of your policy.

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Investments

Savings

Insurance

What do you guys think of the Great Eastern SP Series 2 (1 year endowment) plan that pays 1.05% pa? I have maxed out 10k in Singlife.?
Lee John
Lee John
Level 7. Grand Master
Answered 18h ago
Interest after first 10k is 1%, close to 1.05%. Unless the sum is huge, the difference of 0.05% is not worth the trouble switching.

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Insurance

Critical Illness (CI)

Early Critical Illness (ECI)

Critical illness coverage: Which multi-pay plan would you recommend, in case of CI + relapse? Currently looking at Manulife Ready Complete Care, PruActive Protect, Singlife Critical Illness multiclaim?
Hi Anon, if you asked me before the 26th of August I would say Manulife's Ready Complete Care (Cover me again). But now after the recent change, Aviva's MultiPay CI IV really blew the competition out of the park. They removed the criticised pot system, expanded recurrent illnesses, plus allowed for more ECI claims after a late stage claim unlike previously. Premiums has increased ever so slightly and remains competitive within the market.

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Insurance

Hi, I am a 65 yr old lady ( non smoker) who is interested in getting CI insurance coverage. Currently no serious med conditions. May I check what is your recommendations and advice?
Hi Anon, it's great to see you're considering getting coverage at your age. :) However, coverage isn't going to be cheap to be honest. What I may suggest is to look into the Silver series provided by NTUC Income. There's a cancer cover designed for our silver generation that may be worth a look at. I would mention that to make sure you have a good Integrated Shield Plan with rider plus Long Term Care Plan (like Eldershield) in place before considering a CI plan.

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