Category Archives: Insurance

cancer treatment drugs in singapore

MOH will only allowed approved cancer treatment drugs to be claimable under the basic and integrated shield plan from 2023. This may means that patients may missed out on cost effective drugs but not on MOH list due to the cost. This imply that it had to come out of our pocket. This will affect average Singaporeans like us but not the affluent people.

This will allowed us to have limited access to cost effective drugs on the market. The main primary reason is the cost as we will not be able to afford it. Thus, we will have to depend on drugs on the MOH approved list. It may not be the best effective drugs but is cost efficient to the government. It may not sound reasonable to the average residents in Singapore.

Please stay healthy if you want to have a good and sustainable life. Nothing is free here and everything comes with a cost.

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Comparison of Integrated Shield Plans in Singapore

Full Rider IP removed

Most of the Singapore insurance companies will be removing the no co-payment of the integrated shield plan (IP) rider by Apr 2021. All customers will need to pay a minimum of 5% of co-payment for their hospital stay. Previously, all customers on the rider plan does not need to make any co-payment. All these are changing as Ministry of Health is recommending that every person should be responsible for the healthcare cost.

Strait Times, 12 Feb 2020

We must be responsible for our health to ensure that healthcare cost is sustainable for every residents in Singapore. Take charge of your health and mental wellness.

Great eastern insurance update

Dear Client, it has been a while since we caught up. Hope you and your family are safe and coping well with the current circuit breaker extension. Just to let you know that you are not alone and below is what GE is currently helping with for our policyholders:

  1. Covid-19 Customer Care Fund https://sbr.com.sg/financial-services/news/great-eastern-supplement-customers-insurance-amidst-covid-19
  2. Reassuring you on your Coverages and Benefits of your existing Great Eastern policies admist Covid-19 situation
    https://www.greateasternlife.com/sg/en/personal-insurance/our-promotions-and-events/2020/coronavirus-coverage/benefits-and-coverage.html
  3. COVID-19 Deferment of Premium Payment Programme https://www.greateasternlife.com/sg/en/about-us/media-centre/media-releases/great-eastern-extends-a-six-month-grace-period-for-premium-payme/six-month-grace-period-for-premium-payment.html

Stay safe and healthy during this difficult time and should you have any enquiry on your current insurance or financial Services or updates, i am only a phone call or message away.

Sharing from my GE Agent, Shi Ying

Stay home and do our part so that the circuit breaker will end in June 2020.

Online Insurance Quote

Get an online insurance quote from the insurance companies. I recommend you skip your insurance agents and therefore do not need to pay comission fees. Get an online car insurace car quote from Direct Asia.Com which will be the cheapest in Singapore. There is no middleman(agent) and no agency commission. You are getting the best rates as compared with Aviva or NTUC Insurance. They need to incorporate agent and agency fees into the car insurance quote.

I have even better news for OPCs Car Owners in Singapore. Take the Low Mileage Car Insurance if you drive less than 8000KM. It will definetly save u a lot of money on the car insurance fees. You can made use of 0% interest free monthly payments. Get the insurance quote online from the Insurance Companies.

Get the free quote and decide whether to change your Insurer?

No Time, we can get 3 Motor Insurance Quotes for you for just S$5.

Ace Insurance Singapore ignore my email request

Last month I have send a request to cancel my term policies with Ace Insurance as I have a better deal with American Home Assurance. Most insurance company will accept email request for cancellation of term policy and I send it in on 26 March 2009. I got acknowledge receipt of my email from Ace Insurace on the same day also.

But nobody responsd to my email and therefore I decided to call on 20 April 2009. I found out from customer service that my request was not process. Furthermore, I was asked to send in a request again and the staff, Winston promised he will monitor my email request closely.

I called in today to check with the customer service and confirmed that my request was recieved. My advice to all insurance customers who cancel their policy is to check out the cancellation status of their policy. 

American Home Assurance will process my request on receieving my email within one working day. A email will be sent out by their staff that they have process the request. This is what I call a great service standard by an insurance company.