What do you all think of OCBC's HospitalWise?

[firsttimebuyer]

I am considering it.

I've been asking around and not much people seem to know about it.

I already have an Integrated Shield Plan, so I am wondering if this is still necessary.

 

[Perisher]

Should be by GE?

 

[firsttimebuyer]

Should be by GE?

The person whom talked to me on the phone said OCBC, thought I think GE is owned by OCBC? She also said I don't need to come down to sign anything, just phone activation would do. Monthly premium is $35++.

 

[BBCWatcher]

I am considering it.

Why? I'll ask the very simple, threshold question that you ought to ask yourself when considering insurance: what calamitous risk(s) are you trying to defend against that you cannot reasonably handle on your own (or with somebody else's reliable help, such as a family member's) that a cash payout would help solve?

The person whom talked to me on the phone said OCBC, thought I think GE is owned by OCBC?

Yes, OCBC owns Great Eastern. OCBC has its own "HospitalWise" page here.

She also said I don't need to come down to sign anything, just phone activation would do.

How convenient.

 

[Prof. Utonium]

It is by GE.

Cancelled mine recently after updating and going through my policies this year.

I had overlapping coverage so no point in me paying for it.

 

[juzernie]

Don't buy. I bought and so happened to be hospitalized. They made the claim process so tedious, finding every excuse not to pay you. After 1 year of chasing after them, they are now not replying to my emails. I am going through legal channel to sort this out.

TLDR. Don't buy.

 

[sohguanh]

Don't buy. I bought and so happened to be hospitalized. They made the claim process so tedious, finding every excuse not to pay you. After 1 year of chasing after them, they are now not replying to my emails. I am going through legal channel to sort this out.

TLDR. Don't buy.

I assume the amount is huge else resorting to legal means incur a lot of monies? If lose you need to pay penalties to them?

 

[bombshell]

Study the T&Cs very carefully especially what it means by ***due to illness or accident***

 

[Cryophoenix]

Don't buy. I bought and so happened to be hospitalized. They made the claim process so tedious, finding every excuse not to pay you. After 1 year of chasing after them, they are now not replying to my emails. I am going through legal channel to sort this out.

TLDR. Don't buy.

Inb4 @OCBC Bank.

 

[silverbomb]

Inb4 @OCBC Bank.

in case you're not aware, OCBC alr stopped HWZ support from end July onwards.