Types Of Health Insurance Singapore

But did you know that there are actually many different types of health insurance.

Types of health insurance singapore. An example is medishield life a basic health insurance plan that protects all singapore citizens and prs against large hospitalisation bills and selected costly outpatient treatments such as dialysis and chemotherapy for cancer regardless of age and pre existing conditions. Medishield life coverage is sized for subsidised bills incurred in b2. Through this you can know the types of health insurance in singapore that ease your financial burden during illness.

Here are seven types to know about. These include prudential ntuc income axa aia great eastern and aviva. Having the right type of insurance is one of the key cornerstones of a good financial plan.

A fresh graduate s guide to different types of health insurance in singapore. Health insurance helps cushion you and your family from the financial impact of an accident illness or disability. Apart from medical expense insurance there are other types of health insurance plans.

All singaporeans are covered under medishield life a basic government health plan to cover large medical expenses. Thus health insurance should be one of the first types of insurance you get protecting you from being burdened with healthcare costs and providing some funds to offset income loss. Health insurance helps pay for health care costs in the event of an injury illness or disability.

There are many large insurers in singapore that offers health insurance. There are essentially five different types of health insurance in singapore namely medical expense insurance income insurance term care insurance hospital care insurance and insurance coverage for critical illness. Getting the appropriate health insurance is the first step towards proper financial planning.

Singaporeans and permanent residents are covered by medishield life a basic medical insurance scheme. In contrast life insurance is meant to provide your dependants financial support in the unfortunate event of death or disability and general insurance protects.