My mum has an integrated shield plan with NTUC Income and her annual premium just came this month. She had to pay in cash about $3000 plus.

To be honest, this amount scares her because it will continue to increase and she see the huge deduction from her bank account and of course, being a retiree with not that much savings, it can be quite frightening.

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We were walking back home on Sunday after dinner and she was sharing with me that she is thinking of downgrading so that the premium will not be that high. She does have other insurance premiums that she is paying for but of course, they are not as much as this is.

For me, I do feel that downgrading will not be too good for her because I have heard of people downgrading and then...