Getting started with insurance

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twinklingstars

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boredboiboi said:
Does your company covers you for any outpatient? If yes, most likely you dont need a accident plan.
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Thank you for the reply. Yes I'm covered but I need to co-pay (~10%), and there is a certain limit which I can claim up to. For instance this year, I injured myself, had to go A&E and follow ups, I am able to claim from my company. I am also considering a DII too, what's your take?
 
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boredboiboi

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twinklingstars said:
Thank you for the reply. Yes I'm covered but I need to co-pay (~10%), and there is a certain limit which I can claim up to. For instance this year, I injured myself, had to go A&E and follow ups, I am able to claim from my company. I am also considering a DII too, what's your take?
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Then most likely you dont need, how much is 10% u see. Paying 200-300 a year to cover the 10%? If bill is 300, covers $30? Unless u are looking at the accidental death benefit then maybe. Depends on your objective of the accident plan. The cheapest accident plan would be slightly below $100 if you are looking to covers your outpatient

DII yes, i can only quote for aia and aviva.
 
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advocate

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twinklingstars said:
Thank you for the reply. Yes I'm covered but I need to co-pay (~10%), and there is a certain limit which I can claim up to. For instance this year, I injured myself, had to go A&E and follow ups, I am able to claim from my company. I am also considering a DII too, what's your take?
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I think the best way is to book an appointment with an independent financial advisor. At least they are somewhat impartial to the various products available in the market and are in a better position to advise you according to your needs.

I would say a majority of the insurance provided by companies suffice and they cover the most basic accident. Unless you have some important concern, I would definitely recommend you talk to someone who is qualified and can sit down with you to evaluate your individual situation.
 
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advocate

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twinklingstars said:
Thank you for the reply. Yes I'm covered but I need to co-pay (~10%), and there is a certain limit which I can claim up to. For instance this year, I injured myself, had to go A&E and follow ups, I am able to claim from my company. I am also considering a DII too, what's your take?
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I know of someone who is a really good agent and I can recommend you to him.
 
xtwis7

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Honestly IFAs don’t mean that they’re any less biased. Their distribution is restricted to the few companies that they represent and sometimes they are also inclined to push for a particular insurer.

The only difference is the fact that they can distribute more than 1 company. Advice from a tied FA can be even less biased.

advocate said:
I think the best way is to book an appointment with an independent financial advisor. At least they are somewhat impartial to the various products available in the market and are in a better position to advise you according to your needs.

I would say a majority of the insurance provided by companies suffice and they cover the most basic accident. Unless you have some important concern, I would definitely recommend you talk to someone who is qualified and can sit down with you to evaluate your individual situation.
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fcangel

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Hi I'm from AXA and would love to help any questions out there or people who are unsure which plans are the most suitable for them. No obligations here, just up to talk and help you find the plans based on your needs :)
 
winthony

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xtwis7

xtwis7

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If you’re young and working, why won’t you want to protect your earning potential in this lifetime?

Not to say that CI is not important, it is but forgoing DII is simply not wise. There are many ways for you to lose your income due to injuries and illnesses.

Aresden said:
In general, is CI the recommended insurance to get after Hospital & DII?
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xtwis7

xtwis7

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If your baby is born without congenital illnesses, I would say GE is really competitive, especially if you look at the TotalCare Classic rider which is under $100 for a newborn.

While AIA has a slight edge because they have no waiting period for congenital illnesses, their latest revision to their private hospital plan makes it much less attractive. Imagine paying 15% of your bills if it’s a non-emergency elective treatment. They are skewing their coverage towards AQHP (their equivalent of panel Doctors) so for non-panel treatment, the $600k annual limit is quite a bummer.


thisislife said:
which is the best hospital plan for newborn and why??
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