Insurance & Costs of having and raising a child

[mrEngineer]

Thank you all for your feedback. As I will moving onto a new company soon, I will have to wait till then I can check out the details of the H&S coverage. However, I get the gist of the recommendations by fellow forumers.

1. Look into whether H&S is portable when unemployed
2. Look into whether company H&S is guaranteed renewable
3. Check out the cap of company's H&S coverage

At the minimal, I will get GE supremehealth shield plan which is deducted from my Medisave. As for the totalshield to cover the co-insurance and deductible that require cash outlay will depend on the details of my company coverage.

[brattzz]

any reason why GE?

how about avivia or NTUC?

[mrEngineer]

any reason why GE?

how about avivia or NTUC?

http://www.moh.gov.sg/mohcorp/hcfinancing.aspx?id=11222

Actually, I chose GE because my friend is the agent. And I do not like NTUC Income after hearing all the negative feedbacks.

As all 3 policies are guaranteed renewable, the better options seem to be Aviva or NTUC with additional major organ transplant. Aviva is abit pricey but if you have children, they are automatically covered with Myshield Plan 2 which can be quite a lot of savings. However, if you want to get Private hospital for your children, then probably it is pointless.

[Blackjack]

Actually, I chose GE because my friend is the agent.

You don't want to make the mistake of choosing GE simply because the agent is your friend.

Your friend may not stay for life but the policy will.

In any case whether the agent is a friend or not should not be a consideration in the first place.

I made the mistake in the past too

[Zelphon]

Actually, I chose GE because my friend is the agent.

You don't want to make the mistake of choosing GE simply because the agent is your friend.

Your friend may not stay for life but the policy will.

In any case whether the agent is a friend or not should not be a consideration in the first place.

I made the mistake in the past too

I bought a whole life policy from GE also and bought it from a friend.
I was young then and naive since i was fresh out of uni.
I knew I need insurance but I do not know the difference in premium between a term and a whole life policy.

Looking back, I should have bought TERM insurance instead.
Thank god i only bought 1 whole life policy.

[d.o.g.]

Looking back, I should have bought TERM insurance instead.
Thank god i only bought 1 whole life policy.

It is not too late to rectify your mistake if your health is good. You can cancel the whole life policy and replace it with a term policy. Then invest the premium savings. If you are not investment savvy, buy into a low-cost index fund. If you are investment savvy, invest directly into stocks yourself.

[Bibi]

any reason why GE?

how about avivia or NTUC?

http://www.moh.gov.sg/mohcorp/hcfinancing.aspx?id=11222

Actually, I chose GE because my friend is the agent. And I do not like NTUC Income after hearing all the negative feedbacks.

As all 3 policies are guaranteed renewable, the better options seem to be Aviva or NTUC with additional major organ transplant. Aviva is abit pricey but if you have children, they are automatically covered with Myshield Plan 2 which can be quite a lot of savings. However, if you want to get Private hospital for your children, then probably it is pointless.

I have checked with my fren from GE and he tell me GE Supreme Health does cover Major organ transplant just that it was not specifically spelled out in their brochures. Maybe you like to confirm with your GE friend and then let me know? I am concern as my wife s under GE Supreme starting last year only.

[mikh]

developments on coverage for mental health

http://www.channelnewsasia.com/stories/s...40/1/.html

[brattzz]

After various reviews,

Below are my plans for insurances,

1) For Death / TPD / CI risks,
1.1) Aviva's Myprotector Term for 30 yrs - Death/TPD/30CI = $300K Sum Assured = $139/month
1.2) Aviva's SAF NSmen Term for Death/TPD = $600K Sum Assured = $76.80/month

2) For Disability Income for 30 yrs
Still awaiting quotes from GE Paysecure / Aviva's IdealIncome

3) For Hospitalisation & Surgical,
GE's SupremeHealth P Plus @ $217.44 / Annual

4) For Personnel Accidential, (since i need to drive around)
Avivia's SAF NSmen Term = $300K coverage at $150 / annual.

Any comments welcome!

[mrEngineer]

After various reviews,

Below are my plans for insurances,

1) For Death / TPD / CI risks,
1.1) Aviva's Myprotector Term for 30 yrs - Death/TPD/30CI = $300K Sum Assured = $139/month
1.2) Aviva's SAF NSmen Term for Death/TPD = $600K Sum Assured = $76.80/month

2) For Disability Income for 30 yrs
Still awaiting quotes from GE Paysecure / Aviva's IdealIncome

3) For Hospitalisation & Surgical,
GE's SupremeHealth P Plus @ $217.44 / Annual

4) For Personnel Accidential, (since i need to drive around)
Avivia's SAF NSmen Term = $300K coverage at $150 / annual.

Any comments welcome!

Any reason brattz for GE H&S?