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Insurance

I would say so. It's never smart to replace an insurance policy. Discounts have to be huge to cover a year's worth of premiums paid already. Cost of insurance will increase no matter what.

Insurance

Alan Kor
Alan Kor
Level 5. Genius
Updated 6h ago
What is your purpose of buying life insurance? Do you have dependents? How about an accident plan? Do you lead a hazardous lifestyle? What do you know about hospitalisation plans? Would rather you know and understand the rationale before you look at the costs.

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Family

Not exactly sure what your qn is. But I'm assuming you're trying to say if people start claiming from the insurance company, will they have the money to pay you when you die. Firstly, it's a contract. Insurers pay billions in claims yearly. Secondly, the premium you paid them is invested so they'll be able to earn and pay you back when you die. Thirdly, all risk is already priced in. Some people will die earlier, some later, some would cancel, some wouldn't even claim. All this is already priced in and you're paying fair value plus some markup for the risk you're passing on to the insurance company. Fourthly, MAS makes sure Insurers have enough money to pay claims. Lastly, insurance companies are reinsured by bigger insurance companies. So don't worry, keep paying your premiums, and you'll be able to claim.

Insurance

We have to understand what do you determine as "worth it" to get in this case. (1) How long are you intending to get coverage? (2) What is your current age or Age Next Birthday (3) What aspect of the plan are you looking at? - (A) Death/TPD coverage? - (B) Accident protection (with HFMD? or Motorcycle riding as rider or pillion passenger?) - (C) Outpatient, CI protection, or ECI protection (not recomemnded for ECI though). - (D) Disability protection coverage? Its tricky because if you are not clear on what aspect you are talking about, we are not able to help you much. You may want to take note from this thread instead. https://seedly.sg/questions/should-i-cancel-mindef-group-term-life-policy and https://seedly.sg/questions/what-are-the-pros-and-cons-of-the-mindef-aviva-insurance-plan

Insurance

Hospitalisation Insurance (H&S)

Sg 30s Dude
Sg 30s Dude
Level 2. Rookie
Answered 18h ago
Had some experiences at both public and and private hospitals due to my family's medical condition, heres what i think about the pros and cons. Time with Doctor/Private vs Public care -Private practice doctors tend to spend more time explaining the patient's condition (usually more detailed) and are more readily contactable. -Private Nurses also tend to be more experienced both in terms on medical knowledge and degree of care(hospitality) -In comparison, public hospitals tend to be crowded (understaffed nurses) and senior doctors are usually not readily reachable apart from their daily morning rounds. Its common for medical students, junior doctors as well as nurses repeating the same questions to patients with nothing being done in between apart from waiting for procedures or decision from senior doctors (e.g. Do you feel pain? on a scale of 1-10 how much pain? ..... it can be rather annoying when you are in pain. ) Waiting Time -Typically no/low waiting time in private hospitals compared to public hospitals. Worse for non life threatening conditions General environment -Private hospitals tend to have less beds per room(probably max 2), sometimes it can get rather rowdy in a public ward Lastly on the additional $777 premium for private hospitalisation coverage, believe in the event you op to ward in public hospital despite having private hospitalisation insurance, you do get some cash rebates from the insurer. Hope above helps.

Insurance

Lam Ka Ying
Lam Ka Ying
Level 2. Rookie
Answered 3d ago
HSBC Advance credit card and a few others do not exclude insurance from cashback!

Insurance

You can just call in AIA and ask to free look the policy if the policy has been issued within the last 14 days. But I do hope you have an alternative to the plans you're not going through with.

Insurance

I view Aviva's group insurance as an add on in term of coverage. Premiums are cheap till 65 for the death/TPD portion of coverage, as well as for personal accident. However, the maximum cover is $1 million, which may not be adequate depending on your individual circumstances, and you are not the policy owner, which means that you can lose your coverage in the unlikely event that this scheme ceases. Ensure that you have your own personal coverage before consider such add ons to complement your cover. For example, you wouldn't want to rely on your company's medical/hospitalization coverage as you could change your job or retire someday, and with that, you would lose your coverage.

Insurance

JingYu Janice Chin
JingYu Janice Chin
Level 1. Freshie
Answered 2d ago
Hi! No, FWD cancer insurance premiums are NOT level. This policy is renewable yearly and the premiums increases as you renew it. You may want to look at other Critical Illness Options or cancer protect plans😊 If you need any advice on the other available options, feel free to contact me at 96449731. I’m a representative for an independent financial advisor. No fees chargeable for any consultations 😉

Insurance

PFF Panel 1

Seedly PFF 2019

Hi there, if you feel he needs additional hospital coverage and the family is able to share the cost on it well. I've got a summary premium calculator that you can use for free over here https://www.theastuteparent.com/2017/04/integrated-shield-plan-calculator-comparison/ From my experience with private client's parents, there is usually certain health history. For certain chronic conditions, Raffles Shield can be a solution of coverage. At an older age, premiums are higher and some prefer to insure with the NTUC Incomeshield with a 10% co-payment rider to be more cost-effective. Reach us at https://www.facebook.com/TheAstuteParent/ if you have further questions. Take care
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