Monday, January 09, 2017

Choosing the right Shield plan

Dear Mr. Tan
The life insurance companies offer different private shield plans. The coverage provided is different from one plan to another. How do I decide on which plan is most suitable for me?

This is very difficult to answer. You have to look beyond the benefit that is provided under the plan. You should consider if the insurance company is charging a fair premium rate for the cover and has a good reputation for payment of claims.

You want to avoid an insurer that overcharge the premium and acts unfairly in rejecting claims.

There is a way to find out which insurer offers a good deal. It is explained here:

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