Personal Finance
Integrated Shield Plans (IP) in Singapore: What Are They?
By ValueChampion  •  May 23, 2022
Hospitalisation coverage is a must-have tool to have in your life due to the ever-rising healthcare costs in the country. According to the Singapore Department of Statistics, the cost of Medical & Dental Treatment has risen nearly 78% in the last 20 years. In 2015, the MediShield Life Scheme was introduced as a replacement and an enhancement for the older MediShield Plan introduced in 1990. MediShield Life is a basic hospitalisation coverage plan that provides life coverage for all Singaporean Citizens and Permanent Residents, including those with pre-existing conditions. MediShield Life covers most basic hospitalisation fees such as Inpatient/Outpatient Treatment subsidised bills incurred at Class B2/C wards in public hospitals. However, you might need an Integrated Shield Plan (IP) such as PruShield, and AIA HealthShield Gold Max to enjoy a more comprehensive coverage for your hospital expenses. IP provides additional benefits such as claiming higher coverage for general medical procedure...
Read the full article
By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?

Your email address will not be published.


Your Email Address will not be published

Read More Articles
More from thefinance