Friday, September 2, 2011

Things to consider when getting an insurance plan

Should you be considering an Integrated Shield plan, here are some questions to ask the insurer or the adviser:

* What are the categories of benefits and types of cover under the Integrated Shield plan? Will it cover
claims incurred outside Singapore?

* What does the plan exclude?

* Can I buy a rider to cover the deductible and co-insurance?

* How much is the premium for the plan and the rider? How much of the premium can be paid out from
Medisave, and how much must be paid from cash?

* Might the premium be increased? Will my premium be affected if I make a claim?

* Is the plan guaranteed renewable and what is the penalty for late premium payment?

* Does the insurer provide a letter of guarantee to the hospital when I'm hospitalised?

* How do I make a claim?

If you need help in upgrading your MediShield plan, please drop me an SMS/Call me @ 91000078.

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