Anonymous

16 Aug 2020

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What is the cheapest shield plan for 51 y/o male smoker and 49 y/o female non smoker? planning to get them for my parents?

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Elijah Lee

16 Aug 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

With the way shield plans are revising premiums, the cheapest shield plan today may not be the cheapest come next year.

You should instead go for a shield plan based on your requirements such as the type of hospital ward you can go, pre and post hospitalization coverage, etc. Short of Aviva, which is quite expensive, most of the shield plans are roughly in line with each other, and they all function the same way, which is to pay your hospitalization bills.

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Samuel Don Oh

16 Aug 2020

Hey there!

In general, hospital plans work the same in that they cover hospitalization and surgical costs. You may need to get different insurers to submit a quotation to make a comparison. But ultimately, don't just go for a plan that's cheap. Look our for advisors who can service you well too. All the best!

Financial planning is an integral part of life. You can find me here to find out more.

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Yang Teng

16 Aug 2020

Hi anon. While price is definitely important, it should not be the sole deciding factor. You can loo...

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