Insurance plan help~

[GeraldineT]

Hi all!

I need a bit of advice here.
I'm 27 and I currently have
- Aviva hospital plan 2
- Great eastern Flexilife 20
Insured $100k for death
$50k for critical illness
$50k for Accidental cover

I have been looking at an early CI plan because I'm not covered for this? My parents said that Medisave will help though thus not really needed for an early CI plan?

Let's say if I want to get an early CI Plan.
I'm looking at AIA Triple care and my GE advisor has sent over a GE Critical Care plan. Or anyone has a better advise on other CI plans?


I read that the GE CC plan covers major cancer.
Does anyone know is cervical cancer included?

Thanks in advance

 

[dendii]

CI coverage is meant for income replacement, alternative treatments, and maintaining or adjusting to a better lifestyle (which means higher expenses).

ECI is a good to have if you have the budget and if you go for annual health check ups. It is more expensive as compared to just a CI plan so there are different school of thoughts about this. Some people prefer to just self insure themselves.

With the above, is ECI still something you want to consider? Because you are quite under insured at the moment with just 100k coverage.

There is usually a definition given under the CI table stating under what circumstance will the coverage be paid out, EG for Early Cancer:

Carcinoma in situ of the following sites: Breast, uterus, ovary, fallopian tube, vulva, vagina, cervix uteri, colon, rectum, penis, testis, lung, liver, stomach or nasopharynx or bladder.

With the above, yes cervical is covered.

Hi all!

I need a bit of advice here.
I'm 27 and I currently have
- Aviva hospital plan 2
- Great eastern Flexilife 20
Insured $100k for death
$50k for critical illness
$50k for Accidental cover

I have been looking at an early CI plan because I'm not covered for this? My parents said that Medisave will help though thus not really needed for an early CI plan?

Let's say if I want to get an early CI Plan.
I'm looking at AIA Triple care and my GE advisor has sent over a GE Critical Care plan. Or anyone has a better advise on other CI plans?


I read that the GE CC plan covers major cancer.
Does anyone know is cervical cancer included?

Thanks in advance

 

[GeraldineT]

CI coverage is meant for income replacement, alternative treatments, and maintaining or adjusting to a better lifestyle (which means higher expenses).

ECI is a good to have if you have the budget and if you go for annual health check ups. It is more expensive as compared to just a CI plan so there are different school of thoughts about this. Some people prefer to just self insure themselves.

With the above, is ECI still something you want to consider? Because you are quite under insured at the moment with just 100k coverage.

There is usually a definition given under the CI table stating under what circumstance will the coverage be paid out, EG for Early Cancer:

Carcinoma in situ of the following sites: Breast, uterus, ovary, fallopian tube, vulva, vagina, cervix uteri, colon, rectum, penis, testis, lung, liver, stomach or nasopharynx or bladder.

With the above, yes cervical is covered.

I also think I'm under covered cause only 50k for CI.
But the plan was gotten when I started working.
So now I could slightly afford better one~

Yes I've been thinking of ECI but couldnt decide on which company~

Then I've done Pap smear and result is abnormal. I would need to declare also right

 

[dendii]

If the result is abnormal than yes it will have to be declared.....

I also think I'm under covered cause only 50k for CI.
But the plan was gotten when I started working.
So now I could slightly afford better one~

Yes I've been thinking of ECI but couldnt decide on which company~

Then I've done Pap smear and result is abnormal. I would need to declare also right

 

[Bigoya]

Hi all!

I need a bit of advice here.
I'm 27 and I currently have
- Aviva hospital plan 2
- Great eastern Flexilife 20
Insured $100k for death
$50k for critical illness
$50k for Accidental cover

I have been looking at an early CI plan because I'm not covered for this? My parents said that Medisave will help though thus not really needed for an early CI plan?

Let's say if I want to get an early CI Plan.
I'm looking at AIA Triple care and my GE advisor has sent over a GE Critical Care plan. Or anyone has a better advise on other CI plans?


I read that the GE CC plan covers major cancer.
Does anyone know is cervical cancer included?

Thanks in advance

Hi Geraldine,

Aviva Hospital plan 2 covers Ward A in govt. hospitals.
Do note basic Pre and Post hopitalisation coverage is only up to 90 days.
Their premiums is currently the most expensive across the industry.
If you do not have any pre-existing conditions, I'd suggest a switch of insurer.

Great Eastern FlexiLife is a limited pay (20yrs) wholelife policy. Not sure how much premiums you are paying for it but the sum assured is inadequate (unless you could self-insure).
A general healthy amount to be insured is $500k Death, $500k TPD and $200k for CI.
Depends on how long the plan have been inforced or if you currently have been doing any form of investment yourself, you might want to decide whether to surrender the policy for a term plan that is much more cost-effective, or just simply top-up the amount of coverage with a Term plan alone. Premium roughly $1k+/- per year to get you adequately covered for death/tpd/ci.

Early CI in my opinion is not a must-have plan. Generally, someone who have been diagnosed with ECI may only need to go through some test and examinations, and if hospitalisation is necessary, your bills could be reimbursed from your shield plan.
Chances of loosing your job/income due to Early CI is also lower.
Unless you religiously go for annual check up, the chance of diagnosing a CI at it's early stage to make a claim is also low.
However, if you'd like to mitigate any form of risk, just-in-case, you can consider a $50k - $100k coverage. Any higher coverage would be ridiculously over-insured in my opionon.
While Medisave may be used to cover any potential medical expenses incurred by an early stage CI that may not be covered by a shield plan, getting a early CI plan might still make better sense from this perspective.

Cervical cancer if i'm not mistaken, are only covered by female plans such as PruSmart Lady and AIA Women of Wisdom. These are generally not covered under Early CI plans. Breast and cervical cancer are not considered as Major Cancers because they are generally not as deadly compared to lung or brain cancer. The key is to go annual or bi-annual checkups and get them discovered early and seek treatment accordingly.

I haven't came across the GE critical care plan. Just last week I was reviewing a client's policy and he had AIA Triple Critical Cover.
Compared to what AXA has, AIA TCC is expensive and not as good as it sounds.
You can share your GE critical care plan and I would look through the details for you if you like.

 

[GeraldineT]

If the result is abnormal than yes it will have to be declared.....

If the result is abnormal 2 years then this year normal. No need declare?

 

[GeraldineT]

Hi Geraldine,

Aviva Hospital plan 2 covers Ward A in govt. hospitals.
Do note basic Pre and Post hopitalisation coverage is only up to 90 days.
Their premiums is currently the most expensive across the industry.
If you do not have any pre-existing conditions, I'd suggest a switch of insurer.

Great Eastern FlexiLife is a limited pay (20yrs) wholelife policy. Not sure how much premiums you are paying for it but the sum assured is inadequate (unless you could self-insure).
A general healthy amount to be insured is $500k Death, $500k TPD and $200k for CI.
Depends on how long the plan have been inforced or if you currently have been doing any form of investment yourself, you might want to decide whether to surrender the policy for a term plan that is much more cost-effective, or just simply top-up the amount of coverage with a Term plan alone. Premium roughly $1k+/- per year to get you adequately covered for death/tpd/ci.

Early CI in my opinion is not a must-have plan. Generally, someone who have been diagnosed with ECI may only need to go through some test and examinations, and if hospitalisation is necessary, your bills could be reimbursed from your shield plan.
Chances of loosing your job/income due to Early CI is also lower.
Unless you religiously go for annual check up, the chance of diagnosing a CI at it's early stage to make a claim is also low.
However, if you'd like to mitigate any form of risk, just-in-case, you can consider a $50k - $100k coverage. Any higher coverage would be ridiculously over-insured in my opionon.
While Medisave may be used to cover any potential medical expenses incurred by an early stage CI that may not be covered by a shield plan, getting a early CI plan might still make better sense from this perspective.

Cervical cancer if i'm not mistaken, are only covered by female plans such as PruSmart Lady and AIA Women of Wisdom. These are generally not covered under Early CI plans. Breast and cervical cancer are not considered as Major Cancers because they are generally not as deadly compared to lung or brain cancer. The key is to go annual or bi-annual checkups and get them discovered early and seek treatment accordingly.

I haven't came across the GE critical care plan. Just last week I was reviewing a client's policy and he had AIA Triple Critical Care.
Compared to what AXA has, AIA TCC is expensive and not as good as it sounds.
You can share your GE critical care plan and I would look through the details for you if you like.

Yes initially I was looking to change the Aviva one. But my BF say no need Which one is on par?
I'm on plan 2 option c. So it covers private too..

Ok. Maybe I'll try find the ladies plan and read on that

 

[dendii]

Plan 2 is definitely not covering up to private:
https://www.aviva.com.sg/pdf/MyShield_MyHealthPlus_Brochure.pdf

Restructured hospital will be referring to government hospital.

Yes initially I was looking to change the Aviva one. But my BF say no need Which one is on par?
I'm on plan 2 option c. So it covers private too..

Ok. Maybe I'll try find the ladies plan and read on that

 

[dendii]

Will need more information to advice better...

But in general, if the result was abnormal, doctor would likely have given you some form of consultation.

So depending on what is the cause, what the doctor says etc, I will think it is better to declare. If this year is normal, you can always declare that down as well and get a doctor's memo for further proof.

If the result is abnormal 2 years then this year normal. No need declare?

 

[Bigoya]

If the result is abnormal 2 years then this year normal. No need declare?

To play safe, declare everything you know about your medical conditions.
Insurance industry is kind of grey. Anything caught undeclared is giving the insurance company a chance to not payout the claims.

 

[Bigoya]

Yes initially I was looking to change the Aviva one. But my BF say no need Which one is on par?
I'm on plan 2 option c. So it covers private too..

Ok. Maybe I'll try find the ladies plan and read on that

Option C is ridiculously costly.
Option A is good enough for Aviva.

Current competitive shield plan in the market would be GE and AXA if you are seeking private hospital coverage.

Plan 2 covers up to govt hospital ward A only. If you are admitted to Private hospital, only 50% of total bill is covered.

 

[Bigoya]

For AIA's women of wisdom, my cousin got it 6 yrs ago at age 23.
Premium was $32/mth covering female cancers, Systemic lupus erythematosus and rheumatoid arthritis up to $25k.
She also gotten a PruSmart Lady rider in one of her Prudential policy costing $14.25/mth at the age of 21 covering up to $10k.

Assuming premium rate has not been revised, I'd think AIA's women of wisdom has better value than PSL. You'd need to read through the product summary to make better comparisons.

 

[Lewis.T]

Option C is ridiculously costly.
Option A is good enough for Aviva.

Current competitive shield plan in the market would be GE and AXA if you are seeking private hospital coverage.

Plan 2 covers up to govt hospital ward A only. If you are admitted to Private hospital, only 50% of total bill is covered.

Am I missing something? GE is expensive for private coverage

 

[GeraldineT]

Plan 2 is definitely not covering up to private:
https://www.aviva.com.sg/pdf/MyShield_MyHealthPlus_Brochure.pdf

Restructured hospital will be referring to government hospital.

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

 

[GeraldineT]

Will need more information to advice better...

But in general, if the result was abnormal, doctor would likely have given you some form of consultation.

So depending on what is the cause, what the doctor says etc, I will think it is better to declare. If this year is normal, you can always declare that down as well and get a doctor's memo for further proof.

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.

 

[GeraldineT]

Am I missing something? GE is expensive for private coverage

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 -.-

 

[GeraldineT]

For AIA's women of wisdom, my cousin got it 6 yrs ago at age 23.
Premium was $32/mth covering female cancers, Systemic lupus erythematosus and rheumatoid arthritis up to $25k.
She also gotten a PruSmart Lady rider in one of her Prudential policy costing $14.25/mth at the age of 21 covering up to $10k.

Assuming premium rate has not been revised, I'd think AIA's women of wisdom has better value than PSL. You'd need to read through the product summary to make better comparisons.

So for ladies only AIA and Prudential has it

 

[GeraldineT]

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

 

[Lewis.T]

So should I say that

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

More or less, 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 will want to get a term plan to boost your coverage.

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

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

 

[Bigoya]

Am I missing something? GE is expensive for private coverage

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