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  The world has seen immense development in the field of medical science in today's time. Singapore stands among the leading contributor to medical technology bringing innovation to the health care system across the world. The country is home to 60 multi-national med-tech brands which not only contributes to the advancement of the healthcare system of the city but the entire world. With the advancement of medical technology, it is inevitable that Singapore also witnesses a steady rise in medical cost. To get away with the rising cost of medical expenses in Singapore it is imperative to have a medical insurance plan. But, how do you select the right one? Here is the answer. Find an insurance plan with a wide range of panel hospitals Panel hospitals are the hospitals that are recognized by an insurance company. Upon admission to a panel hospital, the hospital is able to easily verify your coverages that are defined by... READ MORE :  How to select medical insurance plans i...

The very first diagnosis of cancer might strike a panic. Thanks to advanced medical facilities, most cancer patients are now able to have positive hope to recover. Advanced medical facilities have majorly contributed to the survival rates of cancer patients.  However, the treatments can be very costly. One of the major worries that cancer brings is the financial burden. The average cost of biopsy in any public hospital in Singapore is S$1,044 and the average cost reaches up to S$5,833 in a private hospital. Financial worries can greatly affect the emotional well-being of the cancer patient, which is an important factor towards achieving fast recovery. Hence, cancer insurance is a smart way to help a patient takes care of finances so that he/she can focus on the recovery process. What is cancer insurance? Cancer insurance is an insurance policy that pays a lump sum upon diagnosis of cancer.  Most plans provide comprehensive coverage for all stages of cancer... READ MORE ...

  Sometimes life throws us into unpleasant circumstances even when optimum care is taken. Even if a person takes all the necessary preventions, it is not guaranteed that he/she will not face an accident. A premium accident insurance coverage plan can provide a peace of mind by offering protection against almost all kinds of  minor and major accidents. As with all insurance plans, an accident insurance plan also has certain exceptions. This article focuses on the inclusions and exclusions of an accident insurance coverage plan so that you are heedful of its scopes and limitations. What is an accident insurance coverage plan? According to an article published by The Straits Times , there is a rise in the number of road accidents in Singapore from 2,998 to 4,552 between June and September, 2021...  READ MORE :  Accident insurance coverage plans - What's included and excluded?

  Prudential Singapore released its wellbeing and health app Pulse in April of 2020. The app is open to all Singaporean residents above the age of 18 years. You can download the app from Google Play and App Store, relying at the device which you use. ·          The Objective of the App The predominant goal of the Pulse app is to make healthcare available to every and each individual, that too at a low cost - that is a part of Prudential’s approach for the complete region. The organization is working to improve the app and to add more value to it. After that, there are plans to take this app to more markets throughout Asia which might be a part of Prudential’s network. ·          Salient Features of the App Health check – This tool comes within the shape of an MCQ. It will ask you questions referring to current health conditions, self and family medical history, weight loss ...

  As a stay-at-home mom, you must have not been thinking about your need for personal accident insurance. And, it’s not only you in this. It is always believed that the working member of the family who heads out for work every day needs accident insurance. The fact is that accidents can happen to anyone, anywhere. A single misstep while climbing the stairs can result in a fracture which may also confine you to bed for numerous weeks. This form of injury can come up with expenses during treatment and recovery.   Therefore, while being a stay-at-home mom, you could require a personal accident insurance plan. This insurance coverage does a lot more than simply covering you from injuries sustained during accidents. Read further to understand the several advantages a personal accident insurance policy holds for you. Coverage for infectious diseases Infectious diseases spare no one, whether or not you're the breadwinner heading to office daily or a homemaker caring for the family. ...

  It is a common misconception that life insurance is only required while one has a family to offer for. A part of the blame for this misbelief may be on the shoulders of the numerous classified ads that sell life insurance as a ‘family’ financial product. Now, it’s true that a life insurance plan does preserve many benefits for you and your cherished ones. However, that doesn't suggest that an unmarried person no longer need to take life insurance. In fact, life insurance has lot of perks to provide for a single person too! So, in case you are a bachelor or spinster in Singapore, you should look through why you must have life insurance plan. Covers any pending debt If the policyholder sadly passes on, their life insurance amount may be used to pay any present debt. For instance, believe if an individual is a joint debtor on a sibling’s mortgage loan. If he meets with a premature demise, his/her sibling might be chargeable for the complete debt. In this case, the lump sum pay-out ...

  An investment linked policy (ILP) is a financial product that has 2 components – investment and life insurance. Through an ILP, you get returns primarily based on the overall performance of the sub-funds selected. ILPs allow you to collect wealth for long-time period financial goals, which include buying a new residence or sending your child for higher education abroad. The life insurance component of an ILP ensures that you’re covered towards death, terminal illness, and total/permanent disability. Thus, an ILP helps you to make investments while staying protected too. Now, in case you are making planning to opt in for a ILP for the first time, it's miles beneficial which you get right steerage from an insurance coverage. They might help you in selecting the proper ILP that fits your investment appetite and financial goals. Moreover, you will additionally want to spend bit of time understand the diverse phrases and ideas utilized in an ILP. To assist you out, this article provi...

  As we often take care of ourselves every day, accidents might still take place. Meeting with a mishap may see an individual add to costly medical services bills for outpatient or emergency clinic care. This is the place where a personal accident insurance plan can step in to assist with these expenses. The bright side is that, the coverage presented by this plan doesn't just stop there. Personal accident insurance does an amazing job to get your finances against a lot more conditions. Wondering what all gets covered under this kind of plan? The following are 5 circumstances in which your personal accident insurance will genuinely offer you much required financial protection. 1.     Dengue and other irresistible diseases Diseases like dengue can strike whenever and leave you confronting huge bills for your treatment costs. A complete personal accident insurance plan will offer inclusion that safeguards you from a wide scope of irresistible diseases like Baci...

As COVID-19 continue to spread across the world, some questions appear to resonate among all citizens – Does my health insurance plan cowl COVID-19? Does COVID-19 fall under disability insurance ? What if I can’t pay my insurance premium on time because of COVID-19? The following article will cover some of the common questions about the insurance and COVID-19. Key takeaways: 1. Most Integrated Shield Plans (IPs) will cover COVID-19 medical expenses. 2. Critical illness plans may not cover COVID-19 medical expenses until complications that meet the definition of a critical illness (as mentioned in your policy) comeup during the illness. 3. The grace period for payment of premium has being extended up to six months. Though the Government in Singapore has introduced that it's going to foot the cost of all COVID-19 victims in public hospitals, doubts concerning the coverage of insurance plans still loom. Fortunately, during these hard times, you’ll be ha...

  Traditionally, Singapore had a patriarchal society with women mostly functioning as a caregiver or a homemaker. However, after 1963 when Singapore became independent, the country witnessed tremendous economic development. With the government’s tireless efforts, women have emerged in major roles as a part of the labor market. In today’s time, women are taking the lead in almost every sphere of life be it jobs or family. With a dynamic lifestyle and added responsibilities, a woman of contemporary times needs stronger protection than ever. This calls for the need for insurance plans for women through which they can manage health-related challenges with ease... READ MORE :  Why do new-age women in Singapore need to get insured?

Taking the course of retirement without planning it well can add a huge financial burden. As you enter retirement, chances are that there will be a dip in income. However, life keeps going with all these expenses and challenges. An article released by The Strait Times published in November 2021, stated that the inflation rate in Singapore rose to 3.2% in October 2021, a more than eight-year high. Global inflation has remained elevated and this is likely to persist for some time. This explains the financial challenges one might encounter after retirement. Hence, retirement planning is imperative towards achieving a worriless retirement in Singapore by tackling the challenges of inflation with ease... READ MORE :  How to plan a worriless retirement in Singapore?