Anonymous
I’m currently on the NTUC Income Enhanced Incomeshield Preferred plan for between age of 31-35. My upcoming renewal will cost me $1056 annually (rider + cash outlay of enhanced preferred coverage) which I find is quite high. Am looking alternatives like AIA Goldmax A but also saw that current health insurance over covers 95%. What does that mean?
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Pang Zhe Liang
29 Jul 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
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Jonathan Soh
29 Jul 2020
Wealth Manager at Aviva Financial Advisers
Hi there. The most value for money private hospital plan will probably be AXA. Their premiums are amongst the lowest in the market and the premium increases by age band are amongst the lowest.
All health insurance plans cover 95% max now, as a result of MOH's ruling last year.
I cover 9 companies including Aviva, AXA, Manulife, NTUC Income etc. Do reach out to me here if you want to know more.
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Hey there!
Basically for now, clients will have to make a 5% co-payment for their hospitalization b...
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There is no cheapest plan in the market. Instead, there will always be some form of trade off that you need to consider.
Firstly, we need to find out when you got the plan, and rider. This is because your existing plan may cover you for 100% of the eligible expenses in the event of hospitalisation. On the other hand, plans that are available on the market now includes a mandatory co-payment.
More Details: Integrated Shield Plan Rider Singapore: A Starter’s Guide
With this in mind, I will suggest for you to speak with your agent to conduct a comprehensive financial portfolio review. This enables us to determine whether it makes sense to make a switch.
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