Get a Personalised Health Insurance Quote

 Image

I'd like to talk more about a financial product

Full Name
Phone
Email
By submitting this form, you authorise and consent to The Provider and its related corporations collecting, using and/or disclosing your data for purposes reasonably required to contact you. Its representatives or distribution partners may contact you by SMS, telephone call and/or email in relation to this enquiry.
{"formID":"email-form-page-28863938cb09f925","emailEndpoint":"https:\/\/ql22ttw7pg.execute-api.ap-southeast-1.amazonaws.com\/prod\/","apiKey":"a8HqBRV78j1Y5FHv7PpSB792NpBrk5nq7mNL0cri","recipientEmail":"","recipientEmailFallback":"[email protected]","formType":"simple-lead-capture","formTitle":"I'd like to talk more about","buttonText":"Find out more","emailSubject":"","endpoint":"https:\/\/mongogateway.valuechampion.sg\/Gateway","productId":8,"productCollection":"health_insurance_companies"}

What is Health Insurance?

Health Insurance is a form of insurance plan that covers medical expenses incurred during hospitalisation and surgery when you face an illness, injury, or disability. There are multiple forms of health insurance, each providing different benefits.

Many organisations and companies offer group insurance that is mainly covering health-related issues. Still, it is more important to get your own just in case you are no longer associated with the organisation.

The most basic form of insurance provided to all Singaporeans is MediShield Life. MediShield Life is a hospitalisation plan to offer basic coverages for all Singaporean citizens and Permanent Residents, including those with pre-existing conditions.

The most common form of health insurance in Singapore is an Integrated Shield Plan (IP). An IP is an additional hospitalisation plan administered by private insurers, providing enhanced coverage beyond MediShield Life. IPs can be paid off using MediSave (Up to a certain point) and cash if you want to top up benefits with private insurance companies. Click on this article to read more about IPs.

There are also other forms of health insurance, such as hospital cash insurance, which provides you with daily cash payouts if you are hospitalised due to an injury or illness.

There is also disability income insurance that provides a percentage replacement (usually up to 70%) of your income to cover daily expenses if you are unable to work due to a disability, making it suitable for the sole breadwinners of the household.

To know more about which health insurance/IP suits you, please fill in your information in the quotation above, or see a comparison article here.

Advertiser Disclosure: ValueChampion is a free source of information and tools for consumers. Our site may not feature every company or financial product available on the market. However, the guides and tools we create are based on objective and independent analysis so that they can help everyone make financial decisions with confidence. Some of the offers that appear on this website are from companies which ValueChampion receives compensation. This compensation may impact how and where offers appear on this site (including, for example, the order in which they appear). However, this does not affect our recommendations or advice, which are grounded in thousands of hours of research. Our partners cannot pay us to guarantee favorable reviews of their products or services

We strive to have the most current information on our site, but consumers should inquire with the relevant financial institution if they have any questions, including eligibility to buy financial products. ValueChampion is not to be construed as in any way engaging or being involved in the distribution or sale of any financial product or assuming any risk or undertaking any liability in respect of any financial product. The site does not review or include all companies or all available products.