Dear Sir/ Dear Madam
Now you can enjoy shopping this X’mas when you sign up for a new healthcare insurance plan from NTUC Income or AIA.
This season, there are many attractive promotions from various insurance firms.
So take a look and please call Claire at 8168 7459 to find out more.
There is a Promotion for the private integrated shield plan (hospitalisation and surgery plan) for Singaporeans and Singapore PRs:
You’ll receive CapitaVoucher that is equivalent to the amount of the first year premiums, when you sign up for a new private integrated shield plan for your child (under age 12) during the promotion period with Company XYZZ.
For all other new sign-ups, you will receive S$100 CapitaVoucher.
So for your parents or Singaporeans or Singapore PRs who
- stay in a 3 room flat and below and
- with a monthly income of $3500 and below,
Consider getting the new as-charged plan like Enhanced C which is one of the most affordable as charged hospitalization plans in SG.
Add on the rider, and your parents can enjoy an inflation-proof healthcare plan which allows them to stay at B2 Ward at government hospitals and claim up to S$150,000 per year.
Assuming an elderly age 61, who has sufficient Medisave funds or if his son can help him pay for the Medisave portion, the monthly premium via cash is around $35/mth (rounded up) which is very affordable for a plan that reimburses him 90% of the bill when he co-pays 10% of each bill. The co-pay amount is capped at $1500 in this case.
So now you can protect your wallet and your parents wallet in case of a medical emergency. Call Claire at 8168 7459 to find out about this plan and see if it will fit your budget and needs for yourself or your jubilee baby.
Another insurer will reward your jubilee baby, a Robinson gift card with up to $200 worth of value, so that you can shop for your little one.
Besides the usual as-charged benefits, so far, this plan allows us to claim for
- Short stay wards in the emergency department of a hospital for at least 6 consecutive hours of confinement
- Claim up to $2000 per policy year for emergency outpatient treatment due to accident
These 2 benefits are useful, especially when you have young children because the claim experiences suggest that young children either need to wait at ER department at the hospital for various diagnostic tests or claim for medical expenses due to accidents. This may be useful even for adults!
Claim case: a client claimed over S$5000 for an accidental injury at Mount Elizabeth hospital when she cut her finger at work.
A young child hospitalised for 4 days at Class A ward for food poisoning at KK hospital costs nearly S$2000.
According to Aviva’s claim experience, a 40yr old man who had a bleeding in his brains (Subarachnoid hemorrhage) due to a head injury claimed S$162,203 for his hospital bills at a government restructured hospital.
I believe you want to protect your own pockets against expensive medical bills.
I can send you a cheque to reimburse you for potential medical bills or a get well card. Which do you prefer?
Please call Claire to get advice on which plan suits your needs and budget or fill up the contact form below.
So remember, this is not advice for you to buy insurance.
My blog post is not advice to switch or buy any insurance plans without consulting me or any financial consultant.
It’s just an educational piece to alert you to the promotions and help you understand the importance of having sufficient medical expense cover for yourself and your baby.
Nothing in this material constitutes personalized investment advice.
Information provided here should not be considered as advice or as an offer or enticement to buy or sell or trade. The contents of this material, including any financial data, information, opinions and analysis, are strictly intended for educational use only.
No guarantees are made as to the accuracy of the information provided herein.
You shouldn’t make any investment decision based solely on what you read here.
It’s your money and your responsibility. And please consult your financial consultant or call Claire Soh at 8168 7459 before investing in any investment or insurance.
Should you choose not to seek such advice, you should consider whether the investment or insurance product in question is suitable for you.