Jens0497 wrote:Hi all,
I am relocating to SG on a local contract. So I have to take care of the health insurances myself, which I hope that one of you can give me some input on how to handle the best way.
The company, I will work for have different Group insurances for Hospitalization & Surgical, Major Medical, Term Life , Dread Disease, Personal Accident & Dental.
I assume that these are pretty much standard in Singapore among MNE.
So my question:
Would you sign up for a private insurance on top of these group insurances? And if yes, where? Or is the different group insurances usually more than sufficient even for the locals?
Thanks in advance for any input.
For how much? If the cap is $20k per year, that is no coverage at all.lucassmith wrote:
imho, you sound pretty much covered by your company.
Assuming I don't have any "means", other than the 500k term life, critical care, out patient - all provided by the employer.... what do you suggest ?danieltongzh wrote: .Always work within the means and get the necessary reasonable amount.
So you are still trying to up sell. Got it.danieltongzh wrote:Hi,500k for most people is actually a very good and comfortable amount. But it will be a case to case basis, to take into consideration some points like,
1) current drawn salary
2)are you the sole bread winner of the household
3)expenditure of the family as a whole
4) Number of dependant which will be affected if there is a sudden lost of income from your part
5)how many more years before the dependent will be independent.
Critical care amount will be like a extra cashflow during times of need when one is struck or diagnose with critical illness. However with a comprehensive shield plan which will cover hospitalisation cost , it will be very useful. A comprehensive shield plan can help over 600k of hospitalisation bills yearly renewable. It is also one of the plan which is most affordable and partially can be paid by medisave.
A good Personal accident plan is also good as it too have elements of Medical Reimbursement
and is very affordable with reasonable coverage amount.
Jens0497 wrote:Hi all,
I am relocating to SG on a local contract. So I have to take care of the health insurances myself, which I hope that one of you can give me some input on how to handle the best way.
The company, I will work for have different Group insurances for Hospitalization & Surgical, Major Medical, Term Life , Dread Disease, Personal Accident & Dental.
I assume that these are pretty much standard in Singapore among MNE.
So my question:
Would you sign up for a private insurance on top of these group insurances? And if yes, where? Or is the different group insurances usually more than sufficient even for the locals?
Thanks in advance for any input.
So in brief ???? Do share here please ....DonC wrote: After much research and getting involved more, i can share more with whoever needs assistance in these areas.
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