What insurance can 65-year-old parents buy for health insurances, be it life or medical insurances? - Seedly
Seedly logo
Seedly logo



Term Life Insurance


Asked on 08 Nov 2019

What insurance can 65-year-old parents buy for health insurances, be it life or medical insurances?

Asking on behalf of a friend as both of his parents do not have any health insurances and his dad recently had heart surgery and it amounts up to 50k... Is it still worth it for his parents to buy insurance? If yes, what kind of coverage should he be looking at and how much would it cost roughly for each parent? Thanks!


2 answers

Answer Now

Answers (2)

Sort By

Hey Anon, in Singapore we all have the Medishield Life to cover medical bills in B2/C wards in a government hospital. It has sub limits for different types of claims and a yearly limit of 100k.

On top of Medishield Life we can get ourselves an integrated shield plan that gives us the option stay at higher wards, an as charged benefit that doesn't limit each claim amount, and a higher yearly limit of up to $2m (that's currently the highest available).

However, with most type of insurance plans, you need to be healthy to purchase them. Any pre existing conditions would almost always be excluded and you cannot claim for those conditions other than from Medishield Life.

So your friend's parents can get an integrated shield plan, but his dad would likely get excluded for heart related conditions.

Another protection you can consider would be against personal accidents and disability. There are senior specific personal accident plans from a few insurers and of course Eldershield and its supplementary plans that will pay a monthly amount for a period of time or lifetime depending on the benefit you choose. The oldest age to enter is 65 so you have to make sure if your friend wants this protection, they need to act fast.


šŸ‘ 2

1 more comments

Hariz Arthur Maloy
Hariz Arthur Maloy

10 Nov 2019

There are now policies available specifically for patients of Diabetes but conditions covered are limited and premiums are a tad more expensive.
Question Poster

11 Nov 2019

Do you know if his mum who is 64 years old and HPB can buy any health insurance?
Level 2. Rookie
Answered on 08 Nov 2019

Travel and accident plan!


šŸ‘ 0