When would AIA VitalCare better than VitalHealth A?

As I understand, VitalCare rider is only available for existing customers. It gives upto 25% premium discount of no claims, but would raise to 4 levels (2x premium for my age group) if I incur a private hospital claim (surely will exceed the 5k limit)

The VitalHealth A has doesn't have any of these features, but will have 2k deductible - which is waived for 1st usage / after 3 years of no private hospital claim. It also has much cheaper premium (even less than VitalCare after the 25% discount)

I think I'm going to switch to VitalHealth A, but just wondering why would anyone would choose VitalCare over VitalHealth? I can't come up with any good reasons..

AIA HealthShield Gold Max Integrated Shield Plan

2

Discussion (2)

What are your thoughts?

Learn how to style your text

L H

Edited 14 Jul 2024

AIA agents will tell you that AIA VitalHealth A is cheaper, don't have claims-based pricing etc, but the agents don't tell you that VitalHealth excludes the Emergency and Outpatient Care Booster, thus the cheaper price.

Basically the agents also want to meet you and upsell you more plans, while helping you to convert to VitalHealth.

If you take the VitalHealth A & add-on the Emergency booster then it will be slightly more expensive. VitalHealth also has the Deductible waiver pass that penalises you for staying in Private hospitals, means if now you stay in a private hospital, the following year if you are going to get admitted to a private hospital again, you confirm must pay the first S$2,000, before the 5% co-payment. Your agent also might not tell you about it.

Info on VitalHealth is more available on Google.

For VitalCare, I had a tough time digging up my past records, as I can't find info on VitalCare online. AIA very clever to hide these past info from you, so you can't compare. 😜

VitalCare includes the Emergency and Outpatient Care benefits such as Emergency Medical Evacuation etc.

If you don't claim any hospitalisation bill under VitalCare, there's some discount. After the 15% discount, my VitalCare premiums are still cheaper than VitalHealth combined with the Emergency and Outpatient Care benefits.

The no-claims discount for VitalCare can still go up to 25% if there's no claims for 5 years or longer.

Most AIA agents know little, but want to keep selling more investment-linked insurance plans to you, which for the agents is the highest commission plan but for us consumers, it's the worse plan ever( although it has very high "non-guaranteed returns"). If you can breakeven, then be happy already. Coz most investment-linked plans have many hidden costs, thus you likely won't get back more than your capital. Even if your investment-linked fund made 60% over the years, you could also get back lesser than the capital that you invested in. Basically still lose money even after 15 years, well that's in my past experience. If you do get back more than your capital when you cash out, then you are really lucky.

Reply

Save