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Updated October 2021

Best Health Insurance

Compare and read real user reviews on Health Insurance in Singapore

7 Products Found

    Most Popular
    Most ReviewedHighest RatingA-Z
    Slide 1 of 4
    Z

    "Support income, non profit organisation, which will help to keep premiums low..." 2mth ago

    Slide 1 of 5

    Ease of Claim

    4.4

    Agent Reliability

    4.7

    Application Process

    4.6
    Zoey Yanting

    "[Insurance Coverage] good insurance coverage as compared to other providers for babies. competitive..." 8mth ago

    Slide 1 of 3
    Ayden Neo

    "my trustable agent recommend this policy to me which i think that..." 3mth ago

    Slide 1 of 3
    • AIA HealthShield Gold Max A

      $2,000,000

      LIMIT PER POLICY YEAR

      100 / 100 days

      PRE & POST HOSPITAL

      As Charged

      OUTPATIENT BENEFITS

      Private Hospital

      WARD ENTITLEMENT

    • AIA HealthShield Gold Max B

      $1,000,000

      LIMIT PER POLICY YEAR

      180 / 180 days

      PRE & POST HOSPITAL

      As Charged

      OUTPATIENT BENEFITS

      A Class and Below

      WARD ENTITLEMENT

    • AIA HealthShield Gold Max B Lite

      $300,000

      LIMIT PER POLICY YEAR

      100 / 100 days

      PRE & POST HOSPITAL

      As Charged

      OUTPATIENT BENEFITS

      B Class and below

      WARD ENTITLEMENT

    Alex

    "[Policy Changes] was an AIA agent myself, so see quite a fair bit..." 4d ago

    Slide 1 of 4
    • GREAT SupremeHealth P Plus

      $1,500,000

      LIMIT PER POLICY YEAR

      120 / 365 days

      PRE & POST HOSPITAL

      As Charged

      OUTPATIENT BENEFITS

      Private Hospital

      WARD ENTITLEMENT

    • GREAT SupremeHealth A Plus

      $1,000,000

      LIMIT PER POLICY YEAR

      120 / 365 days

      PRE & POST HOSPITAL

      As Charged

      OUTPATIENT BENEFITS

      A Class and below

      WARD ENTITLEMENT

    • GREAT SupremeHealth B Plus

      $500,000

      LIMIT PER POLICY YEAR

      120 / 365 days

      PRE & POST HOSPITAL

      As Charged

      OUTPATIENT BENEFITS

      B Class and below

      WARD ENTITLEMENT

    • GREAT SupremeHealth Standard

      $150,000

      LIMIT PER POLICY YEAR

      N/A

      PRE & POST HOSPITAL

      Subject to Treatment

      OUTPATIENT BENEFITS

      B Class and below

      WARD ENTITLEMENT

    Clare

    "My agent has been very helpful and transparent with the application process,..." 4mth ago

    Slide 1 of 3
    Wei Yean Chee

    "My whole family bought with free insurance for the kids till 20..." 15mth ago

    Slide 1 of 3
    Samuel

    "[Agent Responsiveness] Agent really responsive for claims. Helped with the paper work Besides that,..." 5mth ago

    Disclaimer: Products with a "Visit Site" button pay to access additional features

    Seedly's Product Comparison Page Listing Guidelines
    For Health Insurance products to be listed on Seedly's Product Comparison Page, they have to fulfil the following criteria:

    • Policies protected under the Policy Owners’ Protection (PPF) Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC)
    • Integrated Shield Plans only

    Best Integrated Shield Plan Health Insurance in Singapore 2021

    best health insurance integrated shield plans for 2021

    If you're looking for health insurance integrated shield plans, there are a total of 7 insurance providers and plans to choose from:

    1. AIA HealthShield GoldMax

    2. Aviva MyShield

    3. AXA Shield

    4. Great Eastern GREAT SupremeHealth

    5. NTUC Enhanced IncomeShield

    6. Prudential PRUShield

    7. Raffles Shield

    Choosing the best health insurance is not as simple as it looks.

    Premiums differ depending on your age, and coverage will differ from provider to provider.

    But most importantly, how much out-of-pocket expenses will we have to fork out when sh*t hits the fan?

    Before we dive into the world of integrated shield plans, here's what you need to know about health insurance.

    What You Need To Know About Health Insurance in Singapore

    Singaporeans and PRs are covered by a basic health insurance called MediShield Life.

    MediShield Life is a basic health insurance plan that is administered by the Central Provident Fund (CPF) Board to help Singaporeans offset some of their hospitalisation costs and even certain medical or surgery treatments such as chemotherapy for cancer and dialysis.

    That being said, Singaporeans can receive further coverage by getting an Integrated Shield Plan (IP), which complements and adds more medical coverage on top of MediShield Life. Basically, an Integrated Shield Plan can help you get treatment at better class hospital wards or even, treatment at private hospitals if that's what you really need.

    FYI: from 1 April 2019, all Integrated Shield Plans (IPs) offered by insurance providers will have a co-payment element one where the insured would have to pay at least 5% of his or her bill while the insurer pays the rest. This is unlike the previously offered full riders that was offered in the past, with insurers footing 100% of the medical bill!

    Ah... the good ol' times.

    What is An Integrated Shield Plan (IP)?

    An Integrated Shield plan (IP) is an optional health insurance plan, collaboratively insured by the CPF board and the private insurer of your choice. It provides additional coverage on top of the basic medical coverage which is provided by MediShield Life.

    IPs are a by-product of Singapore’s two-tier healthcare system where governmental regulations and private insurance companies play their parts collectively to provide affordable universal coverage for all Singapore residents.

    How Does An Integrated Shield Plan (IP) Work?

    An integrated shield plan consists of 2 components:

    1. MediShield Life

    2. Additional private insurance coverage component by a private insurer of your choice

    Together, your IP helps cover the costs incurred for hospitalisation and surgical procedures. 

    Demonstration of Integrated Shield Plan Coverage

    Source: Ministry of Health Singapore

    MediShield Life

    MediShield Life is a basic public health insurance scheme for Singapore residents', providing the first level of basic health care coverage.

    Every citizen and permanent resident, across all ages and health profile, is automatically covered under MediShield Life, with no application required. Managed by the CPF Board, the premium for MediShield Life will be paid by your MediSave.

    Additionally, lower-income families and Pioneer Generation individuals are eligible for government subsidies to their MediShield Life Premium.

    What does MediShield Life Cover?

    • up to S$100,000 in policy limit
    • B2/C-type wards in public hospitals only
    • Selected Inpatient Treatment i.e. Day Surgery, Radio Surgery
    • Selected Outpatient Treatments i.e. Chemotherapy, Radiotherapy, Kidney Dialysis and Long-Term Parenternal Nutrition with limits for each different treatment
    • Staying in a A/B1-type ward or in a private hospital will be pro-rated. Meaning, your MediShield Life payout will only cover only a small proportion of the bill. The rest needs to be topped up either by cash or your MediSave account.
    • The full list of MediShield Life Coverage and its benefit parameters:

    Table of MediShield Life Integrated Shield Plan Benefirs

    (Source: Ministry of Health Singapore)

    What Does An Integrated Shield Plan (IP) Cover?

    There are 4 tiers of Integrated Shield Plans:

    • Standard Integrated Shield Plan
    • Class B1 Plans
    • Class A Plans
    • Private Hospital Plans

    Standard Integrated Shield Plans (IP)

    The most basic tier of is a private insurance product, targeted at covering large hospital bills and selected costly outpatient treatments. These are the full benefits and coverage parameters for all Standard IPs:

    Benefits of Standard Integrated Shield Plan in Singapore health insurance

    Standard IP costs more but also covers more than MediShield Life.

    It usually covers up to Class B1 wards of public hospitals, and for most plans would have a policy limit of $150,000.

    The coverage of the Standard IP is regulated by the government and is identical across all insurers. While the benefits for Standard IP are the same, private insurers are free to price their Standard plans as they like.

    Cheapest Standard Integrated Shield Plans in Singapore 2021

    Standard Integrated Shield Plan Premiums for age 25 to 45

    Across 7 plans, and within 3 age groups, we have whittled down which are the Cheapest Standard Shield Plans.

    Plan

    25 years old

    35 years old

    45 years old

    Remarks

    Average

    $49

    $60

    $98

    $33

    $48

    $76

    • Cheapest Standard IP across all 3 age groups
    • Prices below average

    $44

    $59

    $96

    • Second Cheapest Standard IP across all 3 age groups
    • Prices below average

    $48

    $62

    $108

    • Next cheapest Standard IP for ages 25 to 35

    Premium Annual Rates for Standard IP include GST

    Other Standard Integrated Shield Plans available:

    1. AIA HealthShield Gold Max Standard
    2. AVIVA MyShield Standard
    3. AXA Shield Standard
    4. Prudential PRUShield Standard

    Integrated Shield Plan vs MediShield Life: How is an IP different from MediShield Life?

    Basically, an IP is named so because of its integration of MediShield Life - a public and government initiative, together with private insurance. MediShield Life is made compulsory by the government, whereas the extra coverage private insurance portion is optional.

    With the private insurance, at a higher premium, you get higher coverage through higher claim limits, and better pro-rates if you choose higher ward classes. An example would be the policy yearly limit: for MediShield Life you get $100,000 whereas the limit for Standard IPs is $150,000, and even higher for the higher tiers of IP. You can also stand to get Medical coverage outside of Singapore.

    Class B1, Class A, and Private Hospital Shield Plans

    For those who prefer and can afford to stay at wards class B1 and above, opting for tiers higher than Standard IP might be better.

    Note that while Standard IP and Class B1 Plans both entitle you to the same class of ward, the coverage amount and limits are different:

    • Ward Entitlement: Class B1 and above, according to your chosen plan
    • Policy Yearly Limit: at least $250,000 (vs Standard IP: $150,000)
    • Inpatient and Day Surgery: mostly as charged
    • Other Benefits that Standard IP does not have:
      - Pre- and Post-hospitalisation Benefits
      - Emergency Overseas Medical Treatment
      - Congenital Abnormalities

    How much is Integrated Shield Plan Health Insurance in Singapore?

    How much does IP private health insurance cost? Let's break it down into 3 age groups: 25, 35 and 45 year olds. *Ages referred to are age next birthday

    Premiums of all classes of Integrated Shield Plans from age 25 to 45

    Cheapest Integrated Shield Plans For Private Hospitals:

    Based on the premiums in the table above, we have compiled the most value for money plans according to their ward classes

    • Raffles Shield Plan A* + Rider option
      * (for Raffles Shield, purchasing a rider on top of your Class A ward plan upgrades your ward entitlement to Private Hospital wards at Raffles Hospitals, while maintaining the policy amount limits of a Class A ward plan. This plan should not to be confused with Raffles Shield Private plan, which is a plan directly for Private Hospital wards, with larger coverage.)
    • AXA Shield Plan A
    • AIA HealthShield Gold Max A
    • Great Eastern GREAT SupremeHealth P Plus

    Cheapest Integrated Shield Plans For Class A Wards:

    Chart comparison of cheapest class A ward shield plans

    • Prudential PRUShield Plus
    • NTUC Income Enhanced IncomeShield Advantage
    • Great Eastern GREAT SupremeHealth A Plus

    *all prices are updated as of June 2020

    Paying for your Health Insurance / Integrated Shield Plan

    The MediShield Life component of your Integrated Shield Plan is fully payable by MediSave.

    The additional private insurance component is also payable by MediSave, but only up to the following Additional Withdrawal Limits:

    • $300 per year for those at age 40 years and below on their next birthday
    • $600 per year for those at age 41 to 70 years on their next birthday
    • $900 per year for those at age 71 years and above on their next birthday

    Any excess would need to be paid in cash.

    Pre-existing Medical Conditions and Exclusions

    It is important to declare your pre-existing medical condition before taking up any health insurance. Any known pre-existing conditions you have prior to starting your policy will not be covered by your health insurance

    Generally, the list of exclusions are:

    1. Mental Illness (unless it falls under the Inpatient Psychiatric Treatment benefits of your plan)
    2. Pregnancy and Childbirth complications
    3. Treatment of Sexually Transmitted Diseases
    4. Self-Inflicted injuries
    5. Treatment from injuries caused directly or indirectly by alcohol or drug misuse
    6. Cosmetic or plastic surgery
    7. Dental Treatments (except accidental inpatient dental treatments)

    Do I Still Need To Get My Own Health Insurance if I Am Covered Under My Corporate Medical Health Insurance?

    Most corporate medical plans cover you for less, meaning you will pay more out-of-pocket if you have a high medical bill from getting sick or injured. You should do your research and find out what you are covered for by your work plan, and then it’s up to you if you want to take out your own healthcare plan too.

    Tools To Help You Choose the Best Health Insurance in Singapore

    To help Singaporeans make smarter personal finance decision, here are some tools to help you:

    You can read up our articles on health insurance:

    If there are still questions after reading the reviews left by real users, you can always head over to Seedly to ask the friendly Seedly community!

    Contact us at [email protected] should you require any assistance or spot any inaccuracies