hospital insurance singapore

  When exploring options for life insurance in Singapore, you might have come across ‘ investment linked policies ’ or ILPs. Have you ever wondered what these are or how they can prove to be a useful addition to your insurance portfolio? If yes, then this article is just for you! Read on to discover how ILPs work and what advantages they can possibly offer you. How does an investment-linked policy work? An investment linked policy is an insurance product that has two main components – life insurance (protection) and investment . The premium that you put towards the ILP is used to invest in sub-funds. Units of these sub-funds are then sold to buy insurance and pay for other associated costs that the insurer charges you.   ILPs are divided into two main types – ·          Single premium ILP – True to its name, you pay a single, lump sum premium. ·          Regular premium ILP – You pay re...

  Term plans are a budget-friendly way of getting life insurance coverage. Unfortunately, there are many misconceptions that often interfere with you getting the coverage you need and deserve. Today, we aim to shed some light by demystifying a few misconceptions on term insurance . Let’s get started – Misconception 1 - Term life insurance doesn’t offer coverage as valuable as whole life insurance This is, perhaps, one of the biggest misconceptions that most people have about term plans. Now, term life insurance and whole life insurance each come with their own unique benefits. The biggest differences between these two forms of coverage are as follows: ·       Term plans cover you for a fixed period whereas whole life insurance covers you for life ·       Whole life insurance plans accumulate cash value whereas term plans do not Now, these differences are by no means drawbacks of term insurance . The trick to getting the m...

  It is no secret that the costs of healthcare are rising each year. In addition, you may not be prepared to deal with the expenses of sudden medical emergencies. Whether you are just starting out in your career or have worked for a decade or two, there are always other expenses that eat into your monthly pay. So, how can you stay protected against the ever-growing costs of medical treatment? A possible answer is– health insurance .  If you are a Singaporean citizen or PR, you enjoy a certain level of coverage from MediShield Life. But as you are probably aware, that coverage – though helpful – is pegged at certain wards in public hospitals only. If you prefer a different type of ward or a private hospital, you might need your own private health insurance. Now, health insurance ideally comprises of not just one but a collection of insurance products. Each one is designed to uniquely protect you against certain unforeseen circumstances. And together, they offer formidable prote...

  Hand, Foot, and Mouth Disease (HFMD) is a common condition affecting children who are aged 5 years or younger. Common symptoms of this disease include an onset of fever, rashes on the palms, and soreness in the throat among other signs. Given the high incidence of HFMD in Singapore, it is important for parents to ensure that their child stays safe against this condition. More importantly, it also helps to have insurance coverage against such conditions, especially when your child has high contact with other children. How do you get coverage for HFMD? One of the best ways to stay covered against a condition such as HFMD is by opting for a personal accident insurance plan. A personal accident insurance plan taken for your child will cover them against HFMD as well as a host of other infectious diseases. Under this plan, you can make a claim for expenses incurred due to the treatment of HFMD for your child. As part of the personal accident insurance plan, you can make a claim...