Health Insurance Regulations Singapore

Private health insurance starts from around s 40 month for basic hospital cover and can reach up to s 1 000 month for single ward stays in private hospitals.

Health insurance regulations singapore. Additional riders may also be included to cover dental and outpatient treatment or extend the coverage to other countries. You may be covered by a group health insurance policy arranged and paid for by your employer. Find out about the regulations updates and licensing for such institutions.

A in relation to a direct general insurer or general reinsurer the aggregate of the gross premiums for the singapore insurance fund and the offshore insurance fund specified in the statement of premiums claims and underwriting results in form 6 in the first schedule to the insurance accounts and statements regulations rg 2 lodged by the insurer or reinsurer as the case may be in the. The singapore insurance industry provides a broad range of life health general commercial and reinsurance coverage to individuals and businesses. All singaporeans and prs get basic health insurance medishield life which covers basic public hospital treatments.

Usually covering most major treatment and shared ward accommodation in public hospitals this may be sufficient if you don t intend to stay in singapore after the end of your employment. All healthcare facilities such as hospitals medical centres community health centres nursing homes clinics including dental clinics and clinical laboratories including x ray laboratories are required to apply for licence under the private hospitals medical clinics phmc act regulations. Regulations guidance and licensing for payment service providers and systems.

Insurance regulations guidance and licensing for insurers. Health insurance in singapore. A strong regulatory environment and entry of a number of global companies and brokers has seen singapore established as a key regional centre for insurance and reinsurance and domestically the penetration of life and health products continues to increase.

Moh and its statutory boards are responsible for regulating singapore s healthcare system.