BBCWatcher
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1. Before your full-time National Service ends, you’re rather well covered. For hospitalization insurance you might consider an upgrade from public hospital C ward (your current situation) to Integrated Shield public hospital A ward coverage if you want a nicer room. I currently like Prudential’s Prushield Plus in that category, and it’s S$71 (minus a 10% first year discount since you’re in NS) per year at your age. I kind of like Great Eastern in this segment too. Great Eastern has a higher annual limit but less generous pre-/post-hospitalization coverage, so I think I prefer Prudential at the moment in that segment. And you could add the PRUextra Plus Lite rider for S$150, which eliminates the co-payment and knocks your deductible down to $1,750. The $71 ($64 first year) is Medisave payable, and the $150 isn’t.Basically, I'm an nsf now.
Gonna ord & start uni next year.
Ideally, im looking at private hospitals with riders covered.
Or will B1 with riders suffice?
I wouldn’t go higher than that, at least not yet. You mentioned you’re considering B1 versus private. I’d instead go right in between, with the public hospital A ward coverage. At your age the upgrade from B1 to A in public hospitals is very few dollars. Those very few dollars also give you a higher annual limit and better pre-/post-hospitalization coverage (the latter mostly of interest after your National Service), so you can always check into B1 ward and have that much more room to your annual limit, if you wish. However, please note that Prudential doesn’t have a B1 plan. If you think you might downgrade then another carrier might be better.
2. The SAF/MinDEF group’s disability income insurance rider from Aviva is quite interesting to me. I would definitely look into that.
3. I am implicitly assuming you have no dependents, but if that assumption is incorrect please advise.