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Sreekar Bolaram

02 Nov 2020

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Need advise in selecting Global Insurance policies or Local SG Insurance policies that provide coverage to my Mother (age 64 yrs) holding LTVP. She is currently in USA but travelling to SG next month.?

Looking for help in identifying the top insurance providers and the premium difference between Global and Local insurance for similar type of benefits.

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Josh Tay

02 Nov 2020

Financial Consultant at Great Eastern Life Assurance

Hi Anon, there are a few questions before going ahead to choose the most suitable plan.

Her country of permanent residence ? - If it is USA, then she would be well off purchasing a USA Travel Insurance to cover her stay in Singapore or extending her local Medical cover to cover Singapore.

Duration of stay in Singapore. - If it is only for a short period of time, a travel insurance can reimuburse medical expenses, up till about 90 days.

Local vs Global plans.

purchase a local plan if she has the intention to reside in singapore. Because it is limited only to Singapore hospitalization.

purchase a global plan, if she wants to travel around a few countries and stay for extended period of times (more than 4 months) each trip. Another advantage is that global plans usually have outpatient, dental, specialist cover. However the premiums are way more expensive.

Some Global Medical Health Insurers:

NowHealth, Cigna, Liberty.

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