Best Health Insurance 2020

We analysed all of the Integrated Shield Plans currently available across 6 different age groups to identify which plans can offer you the best value for your money. Below, you'll learn more about our top picks based on medical coverage and budget. Whether you are looking for a comprehensive family-focused plan or simple B1-ward coverage, we'll be able to help you find the best health insurance plan for your needs.

Picking the Best Health Insurance

We analysed the premiums and benefits of all of the integrated shield plans in Singapore to help you make the right choice. See our top picks below.

This graph shows the annual premiums for IP health insurance for a 45 year old non-smoker staying in Ward A and lower

Cheapest Integrated Shield Standard Plan for Class B1 Wards: Great Eastern GREAT SupremeHealth Standard

  • Consider if you are looking for the cheapest Standard plan
  • Hospital Ward Coverage: Public B1 Ward and below
  • Eligibility Requirement: Singapore Citizens, Permanent Residents
  • Last Entry Age: 75 (Age Next Birthday)
  • Read our Full Review
BenefitBenefit Limit (Class B1)MediShield Life
Annual LimitS$150,000S$100,000
Room & BoardS$1,700/dayS$700/day
Pre-Hospitalisation BenefitsN/AN/A
Post-Hospitalisation BenefitsN/AN/A
Cancer ChemotherapyS$5,200/monthAs Charged
Pregnancy ComplicationsN/ACovered under Inpatient Treatment
Psychiatric BenefitS$500/day (35 days)S$3,500

The cheapest Standard plan is Great Eastern's Great SupremeHealth Standard. It costs around 20-30% less than other Standard plans and 70% below the Integrated Shield Plan industry average. Its coverage includes S$1,700 daily normal ward coverage, S$590-S$16,720 of surgery coverage, S$9,800 surgical implants coverage and accidental dental and examination and lab tests coverage.

Standard plans are mainly recommended for healthy individuals with no pre-existing conditions who want to add a little extra to their MediShield policy and stay at Class B1 wards. Furthermore, it is also worth noting that you will not be able to add a rider to this plan.

  • Consider if you are looking for the cheapest Standard plan
  • Co-Insurance: 10%
  • Hospital Ward: Public B1 Ward and below
  • Eligibility Requirement: Singapore Citizens, Permanent Residents
  • Last Entry Age: 75 (Age Next Birthday)
  • Read our Full Review
BenefitBenefit Limit (Class B1)MediShield Life
Annual LimitS$150,000S$100,000
Room & BoardS$1,700/dayS$700/day
Pre-HospitalisationN/AN/A
Post-HospitalisationN/AN/A
ChemotherapyS$5,200/monthAs Charged
Pregnancy ComplicationsN/ACovered under Inpatient Treatment
PsychiatryS$500/day (35 days)S$3,500

The cheapest Standard plan is Great Eastern's Great SupremeHealth Standard. It costs around 20-30% less than other Standard plans and 70% below the Integrated Shield Plan industry average. Its coverage includes S$1,700 daily normal ward coverage, S$590-S$16,720 of surgery coverage, S$9,800 surgical implants coverage and accidental dental and examination and lab tests coverage.

Standard plans are mainly recommended for healthy individuals with no pre-existing conditions who want to add a little extra to their MediShield policy and stay at Class B1 wards. Furthermore, it is also worth noting that you will not be able to add a rider to this plan.

Best Health Insurance for Average Consumers: Prudential PruShield Plus

  • Consider if you are an average consumer
  • Hospital Ward: Public Ward A and below
  • Eligibility Requirement: Singapore Citizens, Permanent Residents, Foreigners
  • Last Entry Age: 75 (Age Next Birthday)
  • Read our Full Review
BBenefitsBenefit LimitWard A Avg.
Annual LimitS$600,000S$528,571
Hospitalisation & Surgical BenefitsAs ChargedAs Charged
Pre-Hospitalisation (Days)180120
Post-Hospitalisation (Days)365180
Outpatient Cancer TreatmentAs ChargedAs Charged
Pregnancy & Childbirth ComplicationsAs ChargedAs Charged
Total Psychiatric TreatmentS$3,500S$8,286

The best health insurance for the average value-seeking consumer is Prudential's PruShield Plus. First, its premiums are around 15-20% lower than average for all ages, despite a higher than average annual limit of S$600,000 compared to other Ward A plans in the market. Its 365 post-hospitalisation coverage is also one of the longest on the market. Additionally, you can purchase Prudential's PruExtra Plus CoPay Rider, which will cover 95% of your deductible, half your co-insurance and provide miscellaneous coverage for things like parental ward accommodation, ambulance services and emergency outpatient treatmnet. Combined with the Plus plan, the total cost comes out around 15-30% below average for base plan and Rider packages.

In terms of its specific coverage benefits, cancer treatment, dialysis, pregnancy complications, surgery, and room and board expenses are covered on an "as charged" basis, meaning they will be paid in the full amount (subject to limits, deductibles and co-insurance). On top of this, you will also receive a final expense provision benefit of S$3,000 and be covered for hyperbaric oxygen therapy (for treatment of carbon monoxide poisoning, severe anemia and other blood-oxygen related maladies). However, Prudential's PruShield Plus does lack comprehensive coverage for severe psychological disorders and critical illnesses, which are better covered by Great Eastern or Aviva.

  • Hospital Ward: Public Ward A and below
  • Eligibility Requirement: Singapore Citizens, Permanent Residents, Foreigners
  • Last Entry Age: 75 (Age Next Birthday)
  • Read our Full Review
BenefitsBenefit LimitWard A Avg.
Annual LimitS$600,000S$528,571
Hospitalisation & Surgical BenefitsAs ChargedAs Charged
Pre-Hospitalisation (Days)180120
Post-Hospitalisation (Days)365180
Outpatient Cancer TreatmentAs ChargedAs Charged
Pregnancy & Childbirth ComplicationsAs ChargedAs Charged
Total Psychiatric TreatmentS$3,500S$8,286

The best health insurance for the average value-seeking consumer is Prudential's PruShield Plus. First, its premiums are around 15-20% lower than average for all ages, despite a higher than average annual limit of S$600,000 compared to other Ward A plans in the market. Its 365 post-hospitalisation coverage is also one of the longest on the market. Additionally, you can purchase Prudential's PruExtra Plus CoPay Rider, which will cover 95% of your deductible, half your co-insurance and provide miscellaneous coverage for things like parental ward accommodation, ambulance services and emergency outpatient treatmnet. Combined with the Plus plan, the total cost comes out around 15-30% below average for base plan and Rider packages.

In terms of its specific coverage benefits, cancer treatment, dialysis, pregnancy complications, surgery, and room and board expenses are covered on an "as charged" basis, meaning they will be paid in the full amount (subject to limits, deductibles and co-insurance). On top of this, you will also receive a final expense provision benefit of S$3,000 and be covered for hyperbaric oxygen therapy (for treatment of carbon monoxide poisoning, severe anemia and other blood-oxygen related maladies). However, Prudential's PruShield Plus does lack comprehensive coverage for severe psychological disorders and critical illnesses, which are better covered by Great Eastern or Aviva.

Best Health Insurance for Private Hospitals: Great Eastern GREAT SupremeHealth P Plus

  • Consider if you want comprehensive coverage at Private Hospitals
  • Hospital Ward: Private and below
  • Eligibility Requirement: Singapore Citizens, Permanent Residents, Foreigners
  • Last Entry Age: 75 (Age Next Birthday)
  • Read our Full Review
BenefitsBenefit LimitPrivate Hospital Avg.
Annual LimitS$1,500,000S$1,050,000
Hospitalisation & Surgical BenefitsAs ChargedAs Charged
Pre-Hospitalisation (Days)120150
Post-Hospitalisation (Days)180173
Outpatient Cancer TreatmentAs ChargedAs Charged
Pregnancy & Childbirth ComplicationsAs ChargedAs Charged
Total Psychiatric TreatmentS$25,000S$10,583

If you are looking to receive maximum private hospital coverage regardless of cost, you can consider Great Eastern's GREAT SupremeHealth P Plus plan along with its Great TotalCare Classic P Rider. The P Plus plan offers the highest annual limit for private hospitals of S$1,500,000, and provides full medical bill coverage for cancer treatment, dialysis, pre and post-hospitalisation treatment. You will also receive the highest psychiatric, speech and occupational therapy benefits currently offered, as well as a combined S$20,000 of coverage for congenital abnormalities for your child. This is all for a cost that is 20-40% cheaper compared to other Private Hospital plans.

To top off your coverage to the maximum, you can purchase the TotalCare Classic P Rider to reduce your deductible and coinsurance responsibility to 5% of your bill (or deductible if its higher). You will also receive S$250 of ambulance, S$80 per day of parental accommodation coverage (for parents with children in the hospital) and S$2,000 of accidental outpatient treatment. Lastly, Great Eastern can save you thousands of dollars if you have their A Plus plan and choose to get care at a Private hospital. This is because its pro-ration factor for getting care above your ward level is 70% instead of the 50% implemented by other insurers (Great Eastern will pay 70% of the incurred cost rather than only 50% if you choose to get care at a ward above your level).

  • Consider if you want comprehensive coverage at Private Hospitals
  • Hospital Ward: Private and below
  • Eligibility Requirement: Singapore Citizens, Permanent Residents, Foreigners
  • Last Entry Age: 75 (Age Next Birthday)
  • Read our Full Review
BenefitsBenefit LimitPrivate Hospital Avg.
Annual LimitS$1,500,000S$1,050,000
Hospitalisation & Surgical BenefitsAs ChargedAs Charged
Pre-Hospitalisation (Days)120150
Post-Hospitalisation (Days)180173
Outpatient Cancer TreatmentAs ChargedAs Charged
Pregnancy & Childbirth ComplicationsAs ChargedAs Charged
Total Psychiatric TreatmentS$25,000S$10,583

If you are looking to receive maximum private hospital coverage regardless of cost, you can consider Great Eastern's GREAT SupremeHealth P Plus plan along with its Great TotalCare Classic P Rider. The P Plus plan offers the highest annual limit for private hospitals of S$1,500,000, and provides full medical bill coverage for cancer treatment, dialysis, pre and post-hospitalisation treatment. You will also receive the highest psychiatric, speech and occupational therapy benefits currently offered, as well as a combined S$20,000 of coverage for congenital abnormalities for your child. This is all for a cost that is 20-40% cheaper compared to other Private Hospital plans.

To top off your coverage to the maximum, you can purchase the TotalCare Classic P Rider to reduce your deductible and coinsurance responsibility to 5% of your bill (or deductible if its higher). You will also receive S$250 of ambulance, S$80 per day of parental accommodation coverage (for parents with children in the hospital) and S$2,000 of accidental outpatient treatment. Lastly, Great Eastern can save you thousands of dollars if you have their A Plus plan and choose to get care at a Private hospital. This is because its pro-ration factor for getting care above your ward level is 70% instead of the 50% implemented by other insurers (Great Eastern will pay 70% of the incurred cost rather than only 50% if you choose to get care at a ward above your level).

Best Health Insurance for Families: Aviva MyShield Plan 1 & 2

  • Consider if you want comprehensive family-friendly protection
  • Hospital Ward: Public Ward A and below
  • Eligibility Requirement: Singapore Citizens, Permanent Residents
  • Last Entry Age: 75 (Age Next Birthday)
  • Read our Full Review
BenefitsBenefit LimitWard A Avg.
Annual LimitS$600,000S$528,571
Hospitalisation & Surgical BenefitsAs ChargedAs Charged
Pre-Hospitalisation (Days)90120
Post-Hospitalisation (Days)90180
Outpatient Cancer TreatmentAs ChargedAs Charged
Pregnancy & Childbirth ComplicationsAs ChargedAs Charged
Psychiatric Treatment (Inpatient)S$17,500S$8,286

If you are looking to protect family members of all ages, you can consider Aviva's MyShield Plan 1 or 2 with the MyHealthPlus Option A II rider. The combination of the plan and rider costs around 50% below average compared to other IP and Rider packages. Additionally, Aviva's MyShield offers unique family-oriented coverage including a S$50,000 benefit for newborns up to 6 months old, a specialists priority service with a 3 working day appointment time and global planned or emergency treatment coverage. Not only that, it is the only plan offering coverage for preventive cancer surgery and S$150,000 of extra inpatient benefits for the 5 critical illnesses (heart attack, major cancer, stroke and end stage lung and liver disease).

Lastly, MyHealthPlus Option A II rider covers 50% of your co-insurance (maximum patient responsibility is S$3,000) and is free for children under 20, provided both of the parents are insured under Plan 1 or 2 with the Option A riders. The Option C-II rider only offers a preferred rate for children but it covers the annual MyShield deductible after you pay the MyHealthPlus deductible. This can lead to a potential deductible decrease of S$3,200 if your plan covers A Wards.

  • Consider if you want comprehensive family-friendly protection
  • Hospital Ward: Public Ward A and below
  • Eligibility Requirement: Singapore Citizens, Permanent Residents
  • Last Entry Age: 75 (Age Next Birthday)
  • Read our Full Review
BenefitsBenefit LimitWard A Avg.
Annual LimitS$600,000S$528,571
Hospitalisation & Surgical BenefitsAs ChargedAs Charged
Pre-Hospitalisation (Days)90120
Post-Hospitalisation (Days)90180
Outpatient Cancer TreatmentAs ChargedAs Charged
Pregnancy & Childbirth ComplicationsAs ChargedAs Charged
Psychiatric Treatment (Inpatient)S$17,500S$8,286

If you are looking to protect family members of all ages, you can consider Aviva's MyShield Plan 1 or 2 with the MyHealthPlus Option A II rider. The combination of the plan and rider costs around 50% below average compared to other IP and Rider packages. Additionally, Aviva's MyShield offers unique family-oriented coverage including a S$50,000 benefit for newborns up to 6 months old, a specialists priority service with a 3 working day appointment time and global planned or emergency treatment coverage. Not only that, it is the only plan offering coverage for preventive cancer surgery and S$150,000 of extra inpatient benefits for the 5 critical illnesses (heart attack, major cancer, stroke and end stage lung and liver disease).

Lastly, MyHealthPlus Option A II rider covers 50% of your co-insurance (maximum patient responsibility is S$3,000) and is free for children under 20, provided both of the parents are insured under Plan 1 or 2 with the Option A riders. The Option C-II rider only offers a preferred rate for children but it covers the annual MyShield deductible after you pay the MyHealthPlus deductible. This can lead to a potential deductible decrease of S$3,200 if your plan covers A Wards.

Best Health Insurance for Serious Illnesses & Seniors: Great Eastern GREAT SupremeHealth A Plus

  • Consider if you are a senior or want long-term recovery coverage
  • Hospital Ward: Public Ward A and below
  • Eligibility Requirement: Singapore Citizens, Permanent Residents
  • Last Entry Age: 75 (Age Next Birthday)
  • Read our Full Review
BenefitsBenefit LimitWard A Avg.
Annual LimitS$600,000S$528,571
Hospitalisation & Surgical BenefitsAs ChargedAs Charged
Pre-Hospitalisation (Days)90120
Post-Hospitalisation (Days)90180
Outpatient Cancer TreatmentAs ChargedAs Charged
Pregnancy & Childbirth ComplicationsAs ChargedAs Charged
Psychiatric Treatment (Inpatient)S$17,500S$8,286

If you are looking for a high value plan focused on serious illness treatment and post-hospitalisation recovery, Great Eastern's GREAT SupremeHealth A Plus plan can be a good fit. First, the A Plus plan will give you the most medical coverage per dollar of premium: its premiums are 30% below average while boasting a S$1,000,000 annual limit and above average psychiatric, final expense and post-hospitalisation benefits (including speech and occupational therapy). Due to these protections, it is an especially good choice for those who want extensive coverage for psychiatric issues or for accidents and illnesses that may require occupational therapy for full recovery (such as rheumatoid arthritis or stroke).

Great Eastern's riders are also some of the most comprehensive. They include up to S$27,000 of hospice care, S$10,000 for home health care (for eligible expenses incurred post-hospitalisation), S$3,000 for medical aids and S$6,000 alternative treatment coverage for Chinese medicine (post-hospitalisation). Premiums for these riders are fairly reasonable, with the Great TotalCare Classic or Elite riders for A or P plans costing well below average for individuals over 65 years of age. Because of these below average prices, adding a rider can create a high-value package for seniors who want affordable protection for long term illnesses and care after they have left the hospital.

  • Consider if you are a senior or want long-term recovery coverage
  • Hospital Ward: Public Ward A and below
  • Eligibility Requirement: Singapore Citizens, Permanent Residents
  • Last Entry Age: 75 (Age Next Birthday)
  • Read our Full Review
BenefitsBenefit LimitWard A Avg.
Annual LimitS$600,000S$528,571
Hospitalisation & Surgical BenefitsAs ChargedAs Charged
Pre-Hospitalisation (Days)90120
Post-Hospitalisation (Days)90180
Outpatient Cancer TreatmentAs ChargedAs Charged
Pregnancy & Childbirth ComplicationsAs ChargedAs Charged
Psychiatric Treatment (Inpatient)S$17,500S$8,286

If you are looking for a high value plan focused on serious illness treatment and post-hospitalisation recovery, Great Eastern's GREAT SupremeHealth A Plus plan can be a good fit. First, the A Plus plan will give you the most medical coverage per dollar of premium: its premiums are 30% below average while boasting a S$1,000,000 annual limit and above average psychiatric, final expense and post-hospitalisation benefits (including speech and occupational therapy). Due to these protections, it is an especially good choice for those who want extensive coverage for psychiatric issues or for accidents and illnesses that may require occupational therapy for full recovery (such as rheumatoid arthritis or stroke).

Great Eastern's riders are also some of the most comprehensive. They include up to S$27,000 of hospice care, S$10,000 for home health care (for eligible expenses incurred post-hospitalisation), S$3,000 for medical aids and S$6,000 alternative treatment coverage for Chinese medicine (post-hospitalisation). Premiums for these riders are fairly reasonable, with the Great TotalCare Classic or Elite riders for A or P plans costing well below average for individuals over 65 years of age. Because of these below average prices, adding a rider can create a high-value package for seniors who want affordable protection for long term illnesses and care after they have left the hospital.

Maximum Public Hospital Coverage: AIA HealthShield Gold Max A

  • Consider if you want high levels of protection at Class A Wards
  • Hospital Ward: Private and below
  • Eligibility Requirement: Singapore Citizens, Permanent Residents, Foreigners
  • Last Entry Age: 75 (Age Next Birthday)
  • Read our Full Review
BenefitsBenefit LimitPrivate Hospital Avg.
Annual LimitS$2,000,000 (for Ward A & lower)S$1,050,000
Hospitalisation & Surgical BenefitsAs ChargedAs Charged
Pre-Hospitalisation (Days)395 (for Public)150
Post-Hospitalisation (Days)395 (for Public)173
Outpatient Cancer TreatmentAs ChargedAs Charged
Pregnancy & Childbirth ComplicationsAs ChargedAs Charged
Total Psychiatric TreatmentS$10,000S$10,583

The best plan for maximum public hospital coverage is AIA HealthShield Gold Max A. While it is a Private hospital plan, you will benefit most from it if you utilise its benefits for Ward A or lower. For example, its benefits include an industry beating annual limit of S$2,000,000 for public hospital treatment, the longest pre-and post hospitalisation coverage of 395 days, fully covered benefits for congenital abnormalities, S$10,000 of prosthesis benefits, S$100,000 extra cover for 30 critical illnesses per year (and unlimited per lifetime), S$5,000 for post-hospitalisation home nursing benefit and S$5,000 of post-hospitalisation alternative medicine benefit for cancer or stroke. This plans also offers hospitalisation coverage for your newborn.

To top off your coverage even more, you can opt for AIA's Max VitalHealth A rider (with the Booster), which will reimburse you in full for a standard bed to keep your hospitalised child company, S$5,000 of post-hospitalisation alternative treatment,S$2,000 of outpatient emergency coverage and S$5,000 post-hospitalisation nursing coverage. However, premiums for AIA tend to be costly, meaning this plan will mainly fit affluent customers who are focused on maxing out coverage for Ward A expenses. Additionally, using this plan as a Private Hospital plan will result in lackluster benefits, as its annual limit drops to S$600,000 and your pre and post-hospitalisation care coverage drops to 100 days.

  • Consider if you want high levels of protection at Class A Wards
  • Hospital Ward: Private and below
  • Eligibility Requirement: Singapore Citizens, Permanent Residents, Foreigners
  • Last Entry Age: 75 (Age Next Birthday)
  • Read our Full Review
BenefitsBenefit LimitPrivate Hospital Avg.
Annual LimitS$2,000,000 (for Ward A & lower)S$1,050,000
Hospitalisation & Surgical BenefitsAs ChargedAs Charged
Pre-Hospitalisation (Days)395 (for Public)150
Post-Hospitalisation (Days)395 (for Public)173
Outpatient Cancer TreatmentAs ChargedAs Charged
Pregnancy & Childbirth ComplicationsAs ChargedAs Charged
Total Psychiatric TreatmentS$10,000S$10,583

The best plan for maximum public hospital coverage is AIA HealthShield Gold Max A. While it is a Private hospital plan, you will benefit most from it if you utilise its benefits for Ward A or lower. For example, its benefits include an industry beating annual limit of S$2,000,000 for public hospital treatment, the longest pre-and post hospitalisation coverage of 395 days, fully covered benefits for congenital abnormalities, S$10,000 of prosthesis benefits, S$100,000 extra cover for 30 critical illnesses per year (and unlimited per lifetime), S$5,000 for post-hospitalisation home nursing benefit and S$5,000 of post-hospitalisation alternative medicine benefit for cancer or stroke. This plans also offers hospitalisation coverage for your newborn.

To top off your coverage even more, you can opt for AIA's Max VitalHealth A rider (with the Booster), which will reimburse you in full for a standard bed to keep your hospitalised child company, S$5,000 of post-hospitalisation alternative treatment,S$2,000 of outpatient emergency coverage and S$5,000 post-hospitalisation nursing coverage. However, premiums for AIA tend to be costly, meaning this plan will mainly fit affluent customers who are focused on maxing out coverage for Ward A expenses. Additionally, using this plan as a Private Hospital plan will result in lackluster benefits, as its annual limit drops to S$600,000 and your pre and post-hospitalisation care coverage drops to 100 days.

Best International Health Insurance: FWD 2m & 3m

  • Consider if you are an international citizen who wants high value health insurance for a market beating price
  • Optional Deductible: S$0-S$10,000
  • Hospitalisation Accommodation: Public Shared/Standard Single
  • Promotion: S$300 CapitaVoucher (min. premium > S$1,000)
  • Read our Full Review
BenefitsBenefit LimitIndustry Avg.
Annual LimitS$2,000,000S$1,959,750
Hospitalisation & Surgical BenefitsPaid in FullPaid in Full
Pre-Hospitalisation Coverage (Days)90110
Post-Hospitalisation Coverage (Days)90110
Cancer TreatmentPaid in FullPaid In Full
Medical EvacuationS$1,000,000S$1,984,643
Emergency DentalPaid in FullPaid in Full

Singaporeans who frequently travel for work abroad and foreigners looking for more comprehensive health coverage in Singapore can consider an international health insurance plan as a viable alternative to an Integrated Shield Plan. FWD's International Health Insurance provides great comprehensive coverage in exchange for very affordable premiums. Plans cost around 70% below the average for international health insurance plans, ranging between S$900-S$1,100 for a 45-year old.

When these premiums combine with FWD's S$2,000,000-S$3,000,000 limit plans, you will end up with one of the highest value international plans available. In terms of benefits, it provides 100% coverage for some of the most life-threatening procedures including cancer treatment, organ transplants and pregnancy complications anywhere within your region of coverage. Furthermore, FWD is a great option for health conscious individuals as they will double your annual limit if you don't make any hospitalisation claims for two years.

  • Consider if you are an international citizen who wants high value health insurance for a market beating price
  • Optional Deductible: S$0-S$10,000
  • Hospitalisation Accommodation: Public Shared/Standard Single
  • Promotion: S$300 CapitaVoucher (min. premium > S$1,000)
  • Read our Full Review
BenefitsBenefit LimitIndustry Avg.
Annual LimitS$2,000,000S$1,959,750
Hospitalisation & Surgical BenefitsPaid in FullPaid in Full
Pre-Hospitalisation Coverage (Days)90110
Post-Hospitalisation Coverage (Days)90110
Cancer TreatmentPaid in FullPaid In Full
Medical EvacuationS$1,000,000S$1,984,643
Emergency DentalPaid in FullPaid in Full

Singaporeans who frequently travel for work abroad and foreigners looking for more comprehensive health coverage in Singapore can consider an international health insurance plan as a viable alternative to an Integrated Shield Plan. FWD's International Health Insurance provides great comprehensive coverage in exchange for very affordable premiums. Plans cost around 70% below the average for international health insurance plans, ranging between S$900-S$1,100 for a 45-year old.

When these premiums combine with FWD's S$2,000,000-S$3,000,000 limit plans, you will end up with one of the highest value international plans available. In terms of benefits, it provides 100% coverage for some of the most life-threatening procedures including cancer treatment, organ transplants and pregnancy complications anywhere within your region of coverage. Furthermore, FWD is a great option for health conscious individuals as they will double your annual limit if you don't make any hospitalisation claims for two years.

Best Cancer Insurance Plan

  • Consider if you are an international citizen who wants high value health insurance for a market beating price
  • Promotion: "CANCER20" for 20% off + S$30 CapitaVoucher
  • Read our Full Review
Amount Insured (Cancer)Age 25Age 35Age 45Age 55
S$50,000S$98S$118S$208S$488
S$100,000S$148S$178S$358S$838
S$200,000S$248S$288S$588S$1,348
Premiums are for non-smoking males and are subject to change. Accurate as of 12/2018.

If you are looking to supplement your health insurance plan, you can consider FWD's Cancer Insurance. While not a traditional health insurance plan, it is a critical illness policy that offers a payout in the event you get diagnosed with cancer at any stage. It offers up to S$200,000 of cancer coverage amount, which is above average compared to other cancer-only critical illness plans on the market.

You can purchase this plan online and you will receive the full 100% sum assured for any stage of cancer, both of which are unique features. In terms of other miscellaneous benefits, you will also receive complimentary medical advice from a second doctor, can file a claim online, get a S$5,000 death benefit and purchase the policy without getting a medical examination.

  • Consider if you are an international citizen who wants high value health insurance for a market beating price
  • Promotion: "CANCER20" for 20% off + S$30 CapitaVoucher
  • Read our Full Review
Amount Insured (Cancer)Age 25Age 35Age 45Age 55
S$50,000S$98S$118S$208S$488
S$100,000S$148S$178S$358S$838
S$200,000S$248S$288S$588S$1,348
Premiums are for non-smoking males and are subject to change. Accurate as of 12/2018.

If you are looking to supplement your health insurance plan, you can consider FWD's Cancer Insurance. While not a traditional health insurance plan, it is a critical illness policy that offers a payout in the event you get diagnosed with cancer at any stage. It offers up to S$200,000 of cancer coverage amount, which is above average compared to other cancer-only critical illness plans on the market.

You can purchase this plan online and you will receive the full 100% sum assured for any stage of cancer, both of which are unique features. In terms of other miscellaneous benefits, you will also receive complimentary medical advice from a second doctor, can file a claim online, get a S$5,000 death benefit and purchase the policy without getting a medical examination.

How to Pick the Best Health Insurance Plan

Choosing the best health insurance plan for you depends on your budget, prior health conditions and potential future conditions.

First, you should only consider plans you can afford not just now, but also in the future. Health insurance premiums are bound to go up over time due to continually rising healthcare costs and your age. For instance, premiums can increase as much as by 15 times from the age of 25 to age of 75. Also, while everyone wants ultimate comfort when they are hospitalised, not everyone can afford Private Hospital plans.

However, this doesn't mean you should settle on the cheapest plan. Cheaper plans (such as Integrated Standard Plans) may not offer comprehensive enough coverage for families or for those who are predispositioned for certain illnesses. To find the sweet spot, you should look at what you can afford now and err on the side of caution when calculating your future medical expense budget.

Next, you should take into consideration your current health status. For instance, it may be a lot harder for you to find an ISP plan if you suffer from a pre-existing condition. You should also look at what benefits you may need in the future due to your current health conditions. If you are at risk for diabetes, your worst case scenario is that you may need coverage for a kidney dialysis machine down the line; if you are an expectant mother, you may need future coverage for congenital abnormalities or pregnancy complications. Remaining realistic about your current and future needs is the best way for you to find a plan that will provide full coverage without sacrificing too much of your budget.

Lastly, you should always read the terms and conditions of your policy. For some benefits (such as congenital abnormalities or pregnancy complications), there is a waiting period before the benefits become effective. Policies also have exclusions that may not be evident just by reading the benefits table. This can include exclusions of certain critical illnesses, pre-existing conditions, injuries due to certain events (such as war or substance abuse). If you have questions about your policy document, you should reach out to your insurer to make sure you know exactly what will be covered to avoid paying out of pocket for costly medical bills.

Methodology

To get to our top health insurance picks, we gathered benefits and pricing data from the 6 insurers who offered Integrated Shield Plans for a profile of a healthy, non-smoking male in age groups 25 to 75. We did this in order to get the most accurate picture of which plans offered the most coverage per dollar of premium and how each plan is priced in comparison to the others. Our premiums did not include MediShield Life or Additional Withdrawal Limits for fairer comparison of premiums and benefits and because individual Medisave accounts may vary.

Insurance Companies In Sample
AIAAvivaAXA
NTUC IncomeGreat EasternPrudential

Because consumers have unique health backgrounds and may prioritise some types of coverage over others, we also used qualitative analysis to evaluate how plans and their riders differed and what unique and helpful benefits each insurer offered. We did not put much emphasis on the current Rider's deductible and co-insurance coverage due to new regulations surrounding a mandatory minimum 5% co-payment for health insurance claims that will make these benefits obsolete in the near future.

Anastassia Evlanova

Anastassia is a Senior Research Analyst at ValueChampion Singapore, focusing on insurance. She holds an International Business Management diploma and a B.A. in Economics from New York University. Her prior working experience includes work in the capital markets sector.

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