Change from Aviva MyShield Plan 2 to another ISP provider?

Aged 22, have the pre-2018 plan with rider which was incepted since young, no pre-existing conditions.

Feel that the premiums (for the coverage I'm getting) are a bit high as compared to Income Enhanced or PruShield. From reading previous questions, I understand that "switching just for the price savings is generally not recommended due to the frequency of premium re-pricing". Just wondering whether there are proponents for switching for price savings?

What kind of decision variables should one have in considering ISPs? No. of panel specialists, policy year limit...?

Singlife Shield Prudential PRUShield Integrated Shield Plan

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Leong Kaiyan

27 Apr 2021

Manager, Financial Services at Great Eastern Life

I understand where you are coming from. I used to switch from company to company, though it wasn't because of premium differences. I had not joined the industry then and was doing it to support the various friends in the industry.

Switching has some inconvenience, mainly from the waiting period for certain conditions. However, as I have always emphasized, stick to the advisor you are comfortable with. If your advisor in Aviva has served you well, you should stick to him or her, as getting a bad advisor is not worth any premium saved.

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Tan Choong Hwee

27 Apr 2021

Solutions Specialist at Providend

You certainly want to compare the benefits and claims restriction. There are no lack of financial blogs that cover ISPs. You may start with the following blog posts, all covering Aviva MyShield and others:

Dollars & Sense:

https://dollarsandsense.sg/complete-guide-buyin...

MoneySmart:

https://blog.moneysmart.sg/health-insurance/int...

SingSaver:

https://www.singsaver.com.sg/blog/best-integrat...

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