Your health, well-being, and livelihood are three of the most precious things in your life. Safeguarding these for yourself and your loved ones will allow you to focus on living your best life without worrying about unexpected setbacks.
Because health setbacks often occur unexpectedly, having a comprehensive hospitalisation plan for yourself and your loved ones is the best way to ensure that hefty medical and hospitalisation bills are covered.
As we continue to see a rise in medical costs, healthcare affordability is a significant concern for people in Singapore. And it may result in uncertainty and anxiety associated with the impending medical bill at the end of the hospital stay.
All Singaporeans/PRs are automatically enrolled under MediShield Life, a basic health insurance plan that helps pay for large hospital bills and selected outpatient treatments such as dialysis and chemotherapy. To enjoy better coverage, you can complement your MediShield Life with an Integrated Shield Plan.
Features of Integrated Shield Plan:
Your finances should be the last thing on your mind if you get diagnosed with a Critical Illness (CI). A CI plan will help remove your financial worries and smoothen your recovery journey.
When diagnosed with a Critical Illness, the most challenging and crucial part is managing your emotional well-being throughout your healing and recovery journey. Having sufficient critical illness coverage allows you to focus on recovering and adjusting to your changed lifestyle without worrying about the burden of hefty medical bills and possibly increase in the cost of living.
The Life Insurance Association of Singapore recommends securing critical illness coverage of about 3.0x of your average annual income1.
Features of Critical Illness Plan:
Death or total disability can disrupt you and your loved ones' livelihood, especially when you lose your source of income.
Income protection is vital when safeguarding yourself from the unexpected. Whole Life and Term Life Plan are ideal income replacement options for your family should one suffers a pre-mature death or total permanent disability.
Whole Life & Term Life Plans help minimise financial burdens in different yet complementary ways. These two plans are often purchased together for better insurance coverage, cost-effectiveness, and peace of mind.
1 Tan, L. (2019, October 6). Be in the know about critical illness plans. The Sunday Times - Singapore. Retrieved July 15, 2022, from here.
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