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Anonymous
Premiums overall looks comparable with ntuc being more expensive at the later years. Key difference would be coinsurance 5%(aia) vs 10%(income) and hospital income ($125/day) for ntuc and none for aia. Since i already got the hightest tier, naturally would want private hospital, so the hospital income cover shouldnt be a differentiating factor right? Any other key consideration factors?
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Tan Li Xing
04 May 2020
Financial Consultant at Prudential Assurance Company (Singapore)
Hi Anon,
If the co-insurance portion is what you are concerned, I do believe NTUC should have other plans that can match what other insurers are offering, as the 5% co-insurance is pretty standard once you have gotten the rider.
Also usually we don't recommend you to change your IP if you happen to have pre-existing conditions, cause when you switch, the new insurer is unlikely to cover that condition as compared to your current insurer, as you got the plan before the condition. So this might be something you want to factor in more so than the other things which are variables.
Do reach out if you have more questions
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Hey there!
Co-insurance is actually at 10%. Co-insurance (10%) and deductible (depending on ward/h...
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NTUC Income IncomeShield Integrated Shield Plan Preferred
$1,500,000
LIMIT PER POLICY YEAR
180 / 365 days
PRE & POST HOSPITAL
As Charged
OUTPATIENT BENEFITS
Private Hospital
WARD ENTITLEMENT
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Check your underwriting terms and conditions before switching.
Note on the waiting period as well.
Switching just for the price savings is generally not recommended for hospitalization plans due to the frequency of premium re-pricing.