Thursday, March 09, 2006

Get an affordable medical plan

If a male aged 25 buy an expensive medical plan, he has to pay a total premium of $57,600 in premium up to age 80 based on current premium rates.

The total premium may increase in the future, as the premiums are subject to revision.

If he buys Incomeshield with corresponding top-up rider, total premium is only $40,100, or 31% lower.

The coverage under both plans are largely similar.
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2 comments:

  1. RoninMarch 09, 2006 10:41 AM

    Dear Mr Tan,

    I noticed the new "top up" rider is now on NTUC Income's website. Can you share with us what constitutes an "emergency"? Who decides whether it is an "emergency"? The presiding doctor?

    Will discount be given to those already insured with Incomeshield for more than 3 years?

    ReplyDelete
  2. RoninMarch 10, 2006 10:58 AM

    Dear Mr Tan,

    Does NTUC Income cater to the insurance needs of special needs kids?

    This segment of the population is often forgotten by society and their parents (especially those less well-to-do ones) face an uphill in meeting the emotional and finances needed by special needs children.

    You may want to view the online petition currently gathering signatures:

    http://www.petitiononline.com/shbi2006/petition.html

    ReplyDelete