Insurance
Singlife Shield and Health Plus in 2024. (And my 85% Health Plus Premium Increase)
By Investment Moats  •  September 30, 2024
I just got my new annual premiums for my Singlife Shield Plan 1 and Health Plus Lite. Our shield plans auto-renew their premiums, but the premiums are not guaranteed, and they have been a nasty surprise recently because you do not know how much they will be raised. The premiums for my Singlife Shield Plan 1 will rise from $727 to $805 (11%) and Health Plus Lite will rise from $201 to $373 (85%). Yikes. I should be glad the absolute amount is still manageable since I am working and I don’t have to save much of my paycheck. This post will be similar to my previous one on Prudential’s Shield plan. I will help you understand the various aspects of a typical shield and rider before we look at how the premiums have increased in the past year. The data is from the revised premium rates annual documents I received. Framing the Different Grades of Singlife’s Shield Plans Singlife offers three different grades of shield plans....
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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