Asked on 29 Jun 2018
Does health insurance only have term instead of whole life? I don't get how it works.....
To clear your doubt - usually when we say health insurance, we are referring to Hospital & Surgical (H&S) or integrated shield plan and yes it is a type of term insurance but this is not the insurance which many has been debating to get term or whole life thefore please don't get confused over this.
You may read https://blog.seedly.sg/working-adults-what-are-the-key-insurance-policies-you-should-get-in-singapore/ to have a summary glimpse of different insurance and their purposes.
For your case, have you check if your family if you have an existing health insurance? That should be the first step you should do first.
If you have no health insurance, do spend some to read on the articles before getting any purchase
Hope these links clarify your main doubt.
There are many types of health insurance plans to help you and your family cope with the medical expenses. Some provide cash to make up for income loss while one is not fit for work. Others help to cover the cost of medical treatment.
Do get health insurance soon while you are still young and healthy! Some insurance companies might exclude certain coverage when one apply for insurance after developing some health conditions.
Hello! I think you might be referring to hospitalisation plans on top of your current Medishield coverage. Ignoring the medical jargons, other than the price, you should also be looking at coverage like how many days of pre and post hospitalisation the policy will cover for. That can matter a lot financially when it comes to illnesses with long-term complications.
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