FWD's International Health Insurance plans are some of the most affordable international plans available to Singaporeans and Expats. While its lower limit plans lack coverage for certain conditions, its higher end plans provide a plethora of benefits for an attractive price, enticing value-conscious consumers. However, consumers who need maternity or outpatient benefits may find better value with other insurance companies. Hence, FWD's health insurance plans could prove to be one of the best health insurance in the market for being affordable, yet offering higher limits.
Summary of FWD International Health Insurance
|S$2 and S$3 million plans are some of the highest value options on the market|
|Below average premiums for hospitalisation coverage|
|Expensive to add outpatient, maternity and dental coverage|
Highlights of FWD's International Health Insurance
FWD's international health insurance will benefit those who are looking for customisable and affordable hospitalisation coverage. There are a total of 6 plans to choose from, which are named after their annual limits for hospitalisation benefit (100k, 250k, 500k, 1m, 2m and 3m). You can also choose your plan based on your desired region (ASEAN, Asia, Worldwide and Worldwide Excluding US), annual coverage limit and type of hospital room. FWD's premiums are generally low, costing 70-75% below average for international health plans regardless of whether you are looking for looking for local or international coverage (excluding the US). These plans are available for expats in Singapore or Singaporeans considering going abroad. You can also purchase these plans for your spouse and children.
Cost-conscious healthy individuals will benefit from any of FWD's plans. First, FWD provides full coverage for hospitalisation charges, cancer treatments, accidental dental and organ transplants, regardless of the plan you choose. Secondly, healthy individuals may appreciate the no claims bonus that will double their annual limit if they don't make a claim for 2 years. However, consumers looking for a wide scope of coverage may be disappointed in the 100k to 500k plans, since these plans only provide 2 of the 6 miscellaneous hospitalisation benefits offered to higher-end plans. However, if cost takes priority over benefits, these smaller limit plans can provide sufficient enough coverage for a cost that is at least 60% lower than similar plans from other companies.
Instead, those who are looking to maximise value may benefit more with FWD's 1m to 3m plans, as they provide the most coverage per dollar of premium compared to any other plans on the market. You will also get a range of miscellaneous inpatient benefits including psychiatric treatment, a hospital cash benefit, HIV/AIDS treatment and kidney dialysis. The 1m plan for the ASEAN region costs between S$628 and S$2,851 depending on your age, and the 1m worldwide (excluding US) plan costs between S$703 and S$3,001—resulting in premiums 66-71% below the industry average. However, you should expect to pay double the prices of worldwide coverage if you need the US included.
FWD International Health Insurance Premiums by Age
|Hospitalisation Coverage||Age 25||Age 45||Age 65|
FWD Optional Benefit Packages
FWD offers 3 optional benefit packages: Outpatient Benefits, Dental & Vision Benefits and Maternity Benefits. Maternity and Dental/Vision packages are only purchasable once you opt for the Outpatient Benefits, making the total cost of your plan increase to a few thousand dollars. The Outpatient Benefits package is available only to those buying the 500k plan or higher and its premiums vary greatly, increasing from around S$1,200 for a 25-year old to S$5,257 for a 65 year old. Its coverage includes psychiatric care, physiotherapy and routine health checks and vaccinations. Because FWD's base plans are priced so low compared to their competitors, the Outpatient Benefits package may be worth adding, as you'll still end up with a plan that costs 30% less than its comparable peers. However, you should note there is a 10-20% coinsurance option.
|Outpatient Benefits||500k Plan||1m Plan||2m Plan||3m Plan|
|Outpatient Limit||S$5,000||S$10,000||S$15,000||Paid in Full|
|Consultations/medications/diagnostic tests||Paid in Full||Paid in Full||Paid in Full||Paid in Full|
|Physiotherapy||14 visits||20 visits||Paid in Full||Paid in Full|
|Psychiatric and psychological care||N/A||6 visits/lifetime||8 visits/lifetime||10 visits/lifetime|
|Alternative medicine and treatment||S$500||S$1,000||S$1,500||S$1,500|
|Routine health checks & vaccinations||N/A||S$250||S$500||S$1,000|
The Dental & Vision and Maternity Benefits packages are only available for the 1m to 3m plans in addition to only being available if you opt for the Outpatient Benefits package. The Dental & Vision benefits package is the cheapest package, starting with a cost just under S$600 for a 25-year old and around S$780 for a 65-year old. You will receive basic and routine dental work coverage and frame lenses and eye check coverage every two years. While the package itself is relatively affordable, the fact that you can only add it when only you add Outpatient Benefits could dissuade cost-conscious consumers who were originally enticed by FWD's low base plan premiums.
|Dental & Vision Benefits||1m Plan||2m Plan||3m Plan|
|Basic & Complex Dental Work||S$750||S$1,250||S$1,400|
|Frames, Lenses, Eye Checks||S$100 every 2 years||S$200 every 2 years||S$300 every 2 years|
The Maternity Benefit package is the most expensive of the three packages. Costing between S$4,000 and S$5,300 for women aged 25 to 45, this package can bring your total premium into the 5 figure range. Its benefits consist of newborn hospitalisation and daycare treatment coverage and pre-natal, post-natal and delivery coverage. However, due to the high prices, we would not recommend this option for budget conscious women who need maternity coverage. Instead, we'd recommend insurers like MSIG who will provide the same benefits for around 30% less.
|Maternity Benefits||1m Plan||2m Plan||3m Plan|
|Pre-natal visits, Delivery & Post-natal visits||S$8,000||S$12,000||S$20,000|
FWD's exclusions are fairly standard, with major exclusions including pre-existing conditions, STDs and deliberate self injury. Accidents or injuries that occur during the course of hazardous occupations such as fire-fighting, police, diving, oil rigging and airforce services will not be covered as well.
- Pre-existing conditions
- Congenital Conditions (for plans less than S$1m annual limit)
- Gender Reassignment
- Conception & fertility treatments
- Personality disorders
- Sleep disorders
- Developmental disorders
- Deliberate self-inflicted injury or suicide
- Genetic testing/Stem Cell treatment
- Sleep and Eating disorders
- Death or injury from professional sports involvement
Claims & Contact Information
FWD offers a pre-authorisation form to automatically cover inpatient treatment. You can get the form either online or contact FWD's medical administrator. You can submit any other kind of medical claims online by logging in to FWD's customer portal (linked below).
FWD International Health Insurance Cost and Features
International health insurance can be a good supplement to a globe trotting Singaporean's Integrated Shield plan or provide necessary coverage for foreigners stationed in Singapore. However, international health insurance can get get quite expensive and consumers should carefully compare their options before settling on a plan. To help you compare, we summarised FWD International Health Insurance benefits and premiums below. If you want to compare FWD to our top picks, you can read our guide to the best international health insurance.
|Hospitalisation Charges||Paid in Full||Paid in Full||Paid in Full||Paid in Full||Paid in Full||Paid in Full|
|Cancer Treatment||Paid in Full||Paid in Full||Paid in Full||Paid in Full||Paid in Full||Paid in Full|
|Pre/Post Hospitalisation Coverage||90 Days||90 Days||90 Days||90 Days||90 Days||90 Days|
|Accidental Dental||Paid in Full||Paid in Full||Paid in Full||Paid in Full||Paid in Full||Paid in Full|
|Kidney Dialysis||N/A||N/A||S$20,000||S$30,000||S$50,000||Paid in Full|
|HIV/AIDS Treatment (Lifetime)||N/A||N/A||N/A||S$30,000||S$30,000||S$30,000|
|Psychiatric Treatment (Lifetime)||N/A||N/A||N/A||S$30,000||S$30,000||S$30,000|
|Hospital Cash Benefit||S$100/day||S$100/day||S$150/day||S$150/day||S$200/day||S$200/day|
|Accidental Death & Disability||S$25,000||S$50,000||S$50,000||S$100,000||S$200,000||S$500,000|
|Worldwide Emergency Treatment|
Protected up to specified limits by SDIC. This is only product information provided. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying an insurance product that is not suitable for you may impact your ability to finance your future financial needs. If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.