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Anonymous

16 Feb 2020

Insurance

Should I get SINGAPORE or Malaysia Hospitalisation plan,as a Singapore PR?

Only go back Msia once every 3/4weeks, and is there any difficulty to claim Msia insurance if I spend most of the time staying in SG. Thanks

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      Discussion (4)

      What are your thoughts?

      Emmelia Elyxis Lim

      Emmelia Elyxis Lim

      10 Feb 2020

      Level 4·Senior Financial Consultant at Financial Alliance

      Hi Anon!

      It would be advisable to get hospitalisation plan in Singapore, and you may consider getting the hospitalisation plan in Malaysia. Reason being, as you will be spending most of your time here in Singapore, the hospitalisation plan in Singapore will come in handy when the need arises.

      However, the reason behind why I’d ask you to consider getting the hospitalisation plan in Malaysia as well is because, in any case where you want to give up on your PR in Singapore and head back to Malaysia, you may do so and it will definitely be more convenient for yourself as you don’t have to reapply for your hospitalisation insurance in Malaysia. Another reason being, if you’re hospitalised during your visit back to Malaysia, you are able to claim from your Malaysia hospitalisation insurance as well.

      However, as you will be spending most of your time in Singapore, its more feasible to actually get a hospitalisation insurance in Singapore instead.

      I hope this helps! :) You may reach out to me if you have any further queries!​​​

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          Tan Li Xing

          Tan Li Xing

          11 Feb 2020

          Level 9·Financial Consultant at Prudential Assurance Company (Singapore)

          Hi Anon,

          I think it really depends. Based on my understanding, if you have gotten a hospitalisation plan from SG, you can make claims even if you are hospitalised overseas. But that is only in the event you are hospitalised overseas due to emergencies.

          Do note that hospitalisation policies are on a reimbursement basis, so you would still need to pay in cash up front first, then the policy will reimburse you.

          Of course if you would prefer to be safe, you could get a hospitalisation policy from both countries as what Emmelia suggested.

          I do think you might want to look into getting a personal accident policy as well, as hospitalisation policies might not cover incidents that are caused by an accident, just my thoughts on the matter

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