Help decide between Income IncomeShield Plan A & Great Eastern GREAT SupremeHealth A PLUS insurance

I'm choosing an Integrated Shield plan either by Income or Great Eastern but there are a few factors I'm still considering.

For premium cost, Income is definitely cheaper but I noticed that Great Eastern offers claims-based premium whereby the following year premium will be 20% cheaper if you make 0 claims in the current year.

I notice on the Seedly ranking, Income is most popular with over 200+ reviews. I'm not sure if it's trustworthy or not though.

There's also a blog that talks a bit on the management costs here:
https://www.sgbudgetbabe.com/2021/05/which-is-b...
Income looks like better than GE in this regard but I don't know whether it's worth considering when choosing insurers.

Income IncomeShield Integrated Shield Plan Great Eastern GREAT SupremeHealth Integrated Shield Plan

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Jun Xi

17 May 2021

Financial Advisor at Great Eastern Life

Hi,

Great Eastern's claim-based pricing only applies to the P Plus plan (Private wards). For A Plus plan (Govt A wards) and below, the premiums are fixed as shown in the premium table.

As mentioned by Choong Hwee, Income has replaced their incomeshield plan A to Enhanced IncomeShield Advantage for Govt A ward. Premium wise, GE's base plan is slightly more expensive than Income's but our riders are cheaper than Income's.

Furthermore, Income's riders only has one additional benefit which is "Extra Bed benefit", while GE has 7 additional benefits.

Co-payment wise, the differences between the two riders are not that big since Govt A ward are considered panel doctors. It will be capped at $3k.

Feel free to contact me (email at bio) if you are interested to find out more.

Cheers.

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Tan Choong Hwee

17 May 2021

Solutions Specialist at Providend

I thought NTUC Income has withdrawn their IncomeShield Plan A and replaced with their Enhanced IncomeShield Plan.

In general, NTUC Income is cheaper in premium cost, but not sure whether GE no-claim 20% discount will make it cheaper than that of Income. We certainly don't wish to claim, but nobody can be sure. So perhaps you can assume 50% of the years you will claim and see how much will that be. Personally I will go with a known premium cost than variable premium subject to unforeseen conditions.

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