Insurance plan help~

GeraldineT

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More or less, yes.



You will want to get a term plan to boost your coverage.



Lady plans, at least from my side can come with biennial checkups, which actually helps you detect and claim early.


Which company? What plan name?
 

Lewis.T

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Did you miss out on the rider's premium?
For Private coverage, riders would be a need.

TotalHealth Platinum vs PruShield Extra?

Age 21-30 $418 vs $366
Age 31-40 $448 vs $446
Age 41-50 $538 vs $616
Age 51-55 $837 vs $762
 

Bigoya

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Oh. So my shield plan 2 and my health plus plan2 with option c doesn't cover private? Ward b is ok for me. No need ward A

Ward B coverage would be MyShield Plan 3, My HealthPlus plan 3 w/ Option C benefit.

Ok. Cause my result was abnormal 2 times Pap smear. And I was suppose to go down in 2016 Jan to get result but then I was overseas~ so probably will go down this year to get it check again. Cause the dr said it was very Low cell. Nothing to do with cancer.

If low count cell then likely you wouldn't be loaded/excluded or rejected. But just declare it nonetheless.

How about prudential? Cause initially my bro signed for me my Aviva with his Friend and I think his Friend jump company and changed my bro one to prudential also. But mine remained in Aviva -.-

Pru also on the expensive tier because they have, at the same time, increased their annaul claims limit to $1.2M for their pte coverage, which may be a little excessive in my opinion.

But for govt. Hosp coverage, the premiums are still competitive.

However, don't just listen around, you'd have to read up the details on your own and decide for yourself too. Different people emphasize on different aspects.

So for ladies only AIA and Prudential has it

So far these are the only 2 I've came across.

So should I say that

EARLY CI isn't really a need unless I go check up every year?

Yes

And my GE flexi life 20 since it's only 100k premium
50k for CI and 50k for accident.
Am I allow to increase premium like that? So I will start paying by my new age or? I'm alrdy paying like $208/month.

You cannot just top it up like that. Anyway, WL are expensive. Unless your have a huge budget, it is more advisable to top up with Term. Premium will be based on your age at application.

And check on women insurance coverage?

Also, like when I go kk hospital for checkup, I can't claim the fees right? Is there any that would allow to claim? Cause it's like $100+ each time

Forgot about AIA, but Pru has biannual voucher for checkups.
 

dendii

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Early CI is not a need. I will say CI is a need.

Because you are paying for a WL, hence your coverage is minimal while premium is higher.

You can go for a Term, which will provide higher coverage but lower premium. But you MUST invest on your own for this. Please take note.

AIA's Woman of Wisdom has been phased already. Glow of Life is another Lady plan which provides free health check up once every 2 years.

So should I say that

EARLY CI isn't really a need unless I go check up every year?

And my GE flexi life 20 since it's only 100k premium
50k for CI and 50k for accident.
Am I allow to increase premium like that? So I will start paying by my new age or? I'm alrdy paying like $208/month.

And check on women insurance coverage?

Also, like when I go kk hospital for checkup, I can't claim the fees right? Is there any that would allow to claim? Cause it's like $100+ each time
 

Bigoya

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TotalHealth Platinum vs PruShield Extra?

Age 21-30 $418 vs $366
Age 31-40 $448 vs $446
Age 41-50 $538 vs $616
Age 51-55 $837 vs $762

Age 61-65 $1339 vs $1501
Age 66-70 $1741 vs $2137
Age 71-75 $2482 vs $2444 (averaged)


Well I guess they are somewhat on par with each other on the cost.

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Correct as of 11/02/2017
 

Lewis.T

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Age 61-65 $1339 vs $1501
Age 66-70 $1741 vs $2137
Age 71-75 $2482 vs $2444 (averaged)


Well I guess they are somewhat on par with each other on the cost.

I find that chart useless, sorry to the person who made it.

I will look at pricing based on my immediate age and possibly the next 10-20 years or until I retire, where I will most likely switch back to coverage at restructured hospitals.

You don't forecast the future and forget that it's more expensive now, these plans change all the time. Focus on what's immediately before you.
 

Bigoya

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I find that chart useless, sorry to the person who made it.

I will look at pricing based on my immediate age and possibly the next 10-20 years or until I retire, where I will most likely switch back to coverage at restructured hospitals.

You don't forecast the future and forget that it's more expensive now, these plans change all the time. Focus on what's immediately before you.

Well true enough.. You've got a point there too.
But looking at GE's structure, I really wouldn't (and can't) do a direct comparison with the other companies to say if it's better or worst. It's just different.

1 thing for sure is that Aviva and NTUC are out of my list since as early as before the revision took place till now. AIA too if I remember correctly.
Who knows what the future will bring? :s13:
 

soneat

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Well true enough.. You've got a point there too.
But looking at GE's structure, I really wouldn't (and can't) do a direct comparison with the other companies to say if it's better or worst. It's just different.

1 thing for sure is that Aviva and NTUC are out of my list since as early as before the revision took place till now. AIA too if I remember correctly.
Who knows what the future will bring? :s13:
What's your thoughts on AIA approved panel (Private) option? If another insurer implements something similar but brings the premium down to just 20% higher than A ward, would that be sufficiently enticing?
 

dendii

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Bringing down the premium is enticing enough by itself.

Truth to be told, the list of panels isnt that comprehensive, amid also that AIA is trying to bring onboard reputable ones.

The partnership and this was just introduced so i believe the list will expand.

Long term wise, i believe this is one way to keep claims as controlled and legit as possible, and in a way, keep premiums affordable. Will have to see how this develops.

What's your thoughts on AIA approved panel (Private) option? If another insurer implements something similar but brings the premium down to just 20% higher than A ward, would that be sufficiently enticing?
 

soneat

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Bringing down the premium is enticing enough by itself.

Truth to be told, the list of panels isnt that comprehensive, amid also that AIA is trying to bring onboard reputable ones.

The partnership and this was just introduced so i believe the list will expand.

Long term wise, i believe this is one way to keep claims as controlled and legit as possible, and in a way, keep premiums affordable. Will have to see how this develops.

Yes this is an interesting development to me but I am wondering is it sustainable and will it just die off in the next revision.
 

Bigoya

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What's your thoughts on AIA approved panel (Private) option? If another insurer implements something similar but brings the premium down to just 20% higher than A ward, would that be sufficiently enticing?

For now, the 142 approved pannels are just a tad too limited IMO.
I don't know about the premiums eh.. just left office, shut down my laptop liao can't refer lol...
But generally I think the basic 100 days pre n post coverage are insufficient so perhaps still nope.
 

Bigoya

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Truth to be told, the list of panels isnt that comprehensive, amid also that AIA is trying to bring onboard reputable ones.

The partnership and this was just introduced so i believe the list will expand.

Long term wise, i believe this is one way to keep claims as controlled and legit as possible, and in a way, keep premiums affordable. Will have to see how this develops.

Yeah this is a similar move compared to AXA using a panel of specialist for its $100k LOG for private shield plans. Not sure how effective it is to keep claims legit and controlled but it's sure worth a try.
 

dendii

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Yes.

The intentions are definitely good and worth a try. But whether it can be sustainable and can really expand as the initial plan is meant for.. only time will tell

Yeah this is a similar move compared to AXA using a panel of specialist for its $100k LOG for private shield plans. Not sure how effective it is to keep claims legit and controlled but it's sure worth a try.
 

soneat

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Yes.

The intentions are definitely good and worth a try. But whether it can be sustainable and can really expand as the initial plan is meant for.. only time will tell
I recall long long ago, Income use to require call in to get approval first...but later it was removed.
Lately Prudential also seems to have similar call in thing - PruAssist or something.....but the service also ended.

Now left with AXA and AIA but another insurer will introduce something similar. Hopefully with 1/2 the IP providers supporting this idea, these sort of schemes can stay.....
 

Bigoya

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I recall long long ago, Income use to require call in to get approval first...but later it was removed.
Lately Prudential also seems to have similar call in thing - PruAssist or something.....but the service also ended.

Now left with AXA and AIA but another insurer will introduce something similar. Hopefully with 1/2 the IP providers supporting this idea, these sort of schemes can stay.....

New pattern may invite complains, especially at times where expectations doesn't meet reality, or when reality is missold.

Current situation is if you meet condition (i.e. if u visit the panel), u get longer pre/post hosp covered, higher LOG, higher claims limit etc etc. When selling a plan, an agent might focus the pitch on the benefits but fail to mention about the panel.
End up people only know this one higher that one better, but don't know they need to go to panel before they are granted such benefits.
Eventually due to their ignorance, reality fall short of expectations, they start complaining and we might see unhappy customers again.

Just a thought.
 

soneat

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New pattern may invite complains, especially at times where expectations doesn't meet reality, or when reality is missold.

Current situation is if you meet condition (i.e. if u visit the panel), u get longer pre/post hosp covered, higher LOG, higher claims limit etc etc. When selling a plan, an agent might focus the pitch on the benefits but fail to mention about the panel.
End up people only know this one higher that one better, but don't know they need to go to panel before they are granted such benefits.
Eventually due to their ignorance, reality fall short of expectations, they start complaining and we might see unhappy customers again.

Just a thought.
That's true. That's why I have been emphasizing policyholders must make an effort to understand (really understand) before signing on the dotted line. This includes getting the policy wordings to read before filling up any application form.
 

dendii

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At the moment i dont think that should even be mentioned as a benefit as it only gives a false impression. Furthermore, we all know clients forget the content of the discussion most of the time years down the road.

For people under such insurers with such a special arrangement, please contact your agent if something happens.

We can help to arrange for an appointment with recommended doctors/specialists or from within our panel of doctors/specialists.

1) It helps to speed up the process of consultation
2) It helps to provide at least some form of quality consultation (By right it should be)
3) You get to enjoy the benefits of the special panel arrangement

That's true. That's why I have been emphasizing policyholders must make an effort to understand (really understand) before signing on the dotted line. This includes getting the policy wordings to read before filling up any application form.
 
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