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Thoughts On The NTUC Enhanced IncomeShield Plan Premium Increase
By Heartland Boy  •  May 10, 2020

Effective from 1 May 2020, NTUC Income has increased the premiums for its integrated shield plans (‘ISP’). The upward revision would only affect its Plus and Assist riders as these are riders introduced before the Singapore government’s announcement on 7 March 2018. Since that fateful announcement, the medical health insurance landscape has witnessed the following changes:

days of purchasing riders so that the insured pay zero hospitalisation expenses are long gone premiums on health shield plans, especially riders have been escalating

That premiums have been rising on full rider waivers is an event that Heartland Boy has been cautioning for some time. Many other stakeholders have similarly proclaimed this to be an inevitable outcome. What should be brought to attention is the extent of the increase and the subtle message that insurance providers are sending. Here is Heartland Boy’s thoughts on the NTUC Enhanced IncomeShield Plan premium

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By Heartland Boy
Heartland Boy is a young working adult who pretends to be competent in the real estate industry despite graduating with only a Business Management degree. Outside of work, he analyses stocks, reits and property for investment to build passive income. He is also a stickler for all things that represent value-for-money.
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