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Category Archives for Insurance

Who Needs to Pay Additional Premiums for Medishield Life?

Yesterday, MOH released the list of pre-existing conditions that would require a person to pay additional premiums. The extra premiums required would be 30% of the Medishield Life premiums for the next ten years. The list is as follows: (The left column shows the list of conditions while the right column gives some examples of conditions […]


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Household Check for Medishield Life Subsidies

For the soon to be launched Medishield Life, lower and middle income families will be receiving some subsidies to help cover the increase in premiums. Eligibility Criteria for MediShield Life Premium Subsidies for Lower- to Middle-Income Households Have a household monthly income per person of $2,600 or less per month; and Annual Value of residence […]


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LIC Wealth Plus 2

Life Insurance Corporation Singapore (LIC) has recently launched their Wealth Plus 2 product. This is a single premium 5-year endowment product with an annualized yield of 1.92%. Eligibility: 18 to 70 years old Minimum of S$50k cash, maximum of S$1 mil No medical underwriting required In simple mathematical terms, a yield of 1.92% will mean […]


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NTUC SpecialCare (Down Syndrome) Insurance

It is not easy for parents of children with Down Syndrome to obtain insurance coverage for their children. SpecialCare (Down Syndrome) is a new insurance plan launched by NTUC Income designed to give coverage to children with Down Syndrome. Besides having the common features of a personal accident insurance plan, this plan also offers benefits such […]


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Rising Health Insurance Premiums in Singapore

One big factor determining the amount of insurance premiums charged by insurance companies for providing medical benefits is the amount of claims that they are paying out. With all other factors unchanged, a rising number of claims as well as higher average claim amounts will lead to rising premiums. The rising number of claims and claim amounts can […]


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