I want to get an Integrated Shield Plan for my parent who is within the 66-70 age bracket ANB. Have compared NTUC, Pru and AIA, open to others. Are there any nuances to take note of?

In addition to the cost, you may wish to consider other benefits that are involved in each plan. As an illustration, more insurers are placing emphasis on seeking treatment via their panel listing in an attempt to reduce medical cost. Consequently, it is important for us (as consumers) to have access to the panel doctors. With this in mind, it makes sense to ensure that the selected company (or plan) works with a wide range of specialists in Singapore.

Additionally in a recent survey that I have done, all my clients prefer to have a professional second advice if they are diagnosed with a serious medical condition. What's more, it has been proven that patients prefer to work with a team of specialists that care for their health, rather than being forced to make a choice on the type of treatment to undergo.

For this purpose, AIA has exclusive partnership with Medix, a case management service company that specialises in giving each patient individual attention on their medical needs. Therefore, this may be another point for your consideration.

Above all, the benefits that each company provides goes beyond the basic comparison that can be found on most websites. At the end of the day, the best plan is one that can give your parents a peace of mind.

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Hi Anon,

I would like to check with you if there are any health issues for your parent? That is a factor to look at as well if you are considering a shield plan as based on the age band, if there are health issues, other than just exclusions on those conditions, he might also get rejected as well.

I think what would make sense is to meet up with an Independent Financial Adviser and do an underwriting for your parent with a few insurers and see what they come back with before you decide which insurer you would want to proceed with. As the policy will only be incepted after premiums have been paid, and you don't need to pay any premium when the underwriting happens. That would give you a better picture as well I believe.