Hospitalisation insurance and personal accident plan for baby?

I got inducted into fatherhood this year and am now researching on hospitalisation insurance & PA plan for my child. As I read the articles out there, I will like to ask: as fellow parents, what were the factors that guided your thinking in deciding 1) which company to go with & 2) how much was deemed enough for your child?

Thank you in advance! & Merry Xmas

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Alvin Teo

20 Jan 2020

Aviva Relationship Consultant at Aviva Affinity Channel

Myself also became a father this year! So naturally I did the research for my boy as well.

For hospitalization plans, AIA has the best in terms of feature and value for money.

For PA plans Sompo PA junior. Or if you and your wife is looking for one you can both get Sompo’s PA star and the kid gets free coverage.

Since you’re mentioned how much is enough for your child, when kids are younger, insurance is typically cheaper than adults, so most parents I come across will just get the highest plan.
Probably in future if budget becomes a concern, one can always downgrade to govt hosp class A.

I hope of the many articles you’ve read, you came across mine :)
https://www.theastuteparent.com/2019/09/best-sh...

I’m in IFA and can distribute a lot of companies, I got AIA for my boy.

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Javis Ye

27 Dec 2019

Financial Consultant at Prudential Assurance Company Singapore

Hi Heng, you should definitely get an insurance plan for your baby while they are still healthy. The mistake that many make is that they wait for something to happen before acting on it. It is going to be too late by that time as there may be exclusions or the worst case total rejection of the proposal. Its always wise to insure and protect your family member first before a crisis hits. =)

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