Advertisement
Anonymous
2
Discussion (2)
Learn how to style your text
Tan Li Xing
30 Jun 2020
Financial Consultant at Prudential Assurance Company (Singapore)
Reply
Save
ISP dont really need to look for IFA. Its all on MOH website already. But if you are not good with words, can get an IFA to compare for you too.
Link to MOH ISP Comparison: https://www.moh.gov.sg/cost-financing/healthcar...
Click on the class ward and yoy can download the pdf for comparison already. Premiums cost also stated.
Reply
Save
Write your thoughts
Related Articles
Related Posts
Related Products
4.4
303 Reviews
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
4.5
82 Reviews
4.2
19 Reviews
Related Posts
Advertisement
Hi Anon,
Life and Health Insurance are quite different. Just to share the differences below
Health insurance is the ISP that you mentioned. This insurance is a policy is for reimbursement of your hospitalisation bills. Do note that there is now a co-payment component in the bills, where we will bear a minimum of 5% of the bills, depending on the policy and the attached riders to the policy.
For Life Insurance, this provides you coverage for the following; Death, Total Permanent Disability, Critical Illness & Early Stage Critical Illness. So in the event if any of these occur, there will be lump sum payout to yourself or your nominees.
Also the main reason IFAs are recommended is because they are able to offer you a wide range of the same kind of products from different insurers and are able to cater to your budget specifically. There are a few here in the Seedly Community and are very active is replying questions. They might reply this question shortly as well.