MSIG Prestige Health Insurance: A Good Option for Expats in Singapore?
MSIG Prestige Health Insurance: A Good Option for Expats in Singapore?
ValueChampion Rating 
Pros
- Below average cost
- Intuitive hospital claim settlement process
- Could appeal to business travellers
- Offers good maternity benefits
- 5% family discount
Cons
- Doesn't offer long-term coverage outside of Singapore (90 days max)
- Doesn't offer vision or dental coverage
MSIG's Prestige international health insurance plans are an affordable option for foreigners living in Singapore. It could also be beneficial for Singaporeans who require a medical plan for short but frequent business trips worldwide. However, those who are looking for specific treatment coverage for things such as chronic conditions or dental may fare better with other insurers. Also, Singaporeans who expect to be living and working abroad for a significant amount of time may not find the 90 day limit on coverage outside of Singapore to be adequate.
| Summary of MSIG International Health Insurance |
|---|
| Below average cost |
| Offers high limit hospitalisation coverage |
| Male and Female premiums are different |
| No option to get coverage outside of Singapore unless trip is < 90 days |
| Offers 5% family discount |
| Apply for this plan through our partner PolicyPal by clicking "Get a Quote" |
Highlights of MSIG Prestige's International Health Insurance
Healthy expats who live in Singapore will find the most value out of MSIG's Prestige international health insurance due to its medical assistance services. Although it is available only to those whose usual place of residency is in Singapore, MSIG's premiums are 40-60% below average for international health insurance plans. There are three plans to choose from: the Elite Plan, Deluxe Plan and Platinum Plan.
Where MSIG Prestige international health insurance excels is in its premiums and no-frills Singapore-focused coverage. It is tailored to the healthy expat in Singapore by providing helpful services such as its Medical Assistance and International Travel Assistance benefit. This benefit is aimed at helping you navigate Singapore's healthcare system, providing arrangement of payment guarantees for inpatient hospitalisation and offering administrative services for visas, immunisations and retrieval of lost luggage or travel documents. This is a great feature for foreigners who are unfamiliar with working in the ASEAN region. Furthermore, MSIG's coverage includes cancer, ICU, hospitalisation, home nursing care, inpatient psychiatric treatment and local ambulance services. If you opt for the Platinum plan, you will also be able to get S$25,000 of outpatient services, which includes the General practitioner (GP) services, Specialists, diagnostic treatment and prescription drugs.
| Benefits | Elite Plan | Deluxe Plan | Platinum Plan |
|---|---|---|---|
| Hospital Services | S$300,000 | S$500,000 | S$1,000,000 |
| Cancer Treatment | |||
| ICU | |||
| Accidental Dental | |||
| Local Ambulance Services | |||
| Inpatient Psychiatric Treatment | |||
| Outpatient Alternative Treatment | S$750 | S$1,000 | S$2,000 |
| Outpatient Services | N/A | N/A | S$25,000 |
| Compassionate Travel | N/A | Fully Covered | Fully Covered |
| Emergency Medical Advice and Travel Assistance | Provided | Provided | Provided |
However, MSIG's Prestige international health insurance benefits can also be considered as its drawbacks. While healthy expats may appreciate its low premiums that are 30-45% below average, Singaporeans who are looking for an international plan to cover them for long work assignments abroad will not be able to take advantage of this insurer. This is because MSIG will only cover you for the first 90 days when you are outside of Singapore. Furthermore, it doesn't provide options to add vision or dental—which means that some expats in Singapore may not find the coverage to be enough. Thus, we recommend this MSIG's plan to those who have supplemental coverage through their corporation or only need basic emergency hospitalisation services. Consumers who need comprehensive international insurance can consider either FWD or the more expensive but fully fleshed out Cigna.
Table of Premiums by Age and Gender
| Premiums | Elite Plan | Deluxe Plan | Platinum Plan | |||
|---|---|---|---|---|---|---|
| Male | Female | Male | Female | Male | Female | |
| 25 | S$916.49 | S$927.59 | S$1,070.92 | S$1,083.02 | S$1,575.59 | S$1,385.83 |
| 35 | S$1,142.58 | S$1,237.45 | S$1,213.23 | S$1,488.78 | S$1,779.47 | S$2,452.71 |
| 45 | S$1,594.77 | S$1,605.87 | S$1,784.53 | S$1,820.86 | S$2,491.06 | S$3,558.96 |
| 55 | S$2,557.68 | S$2,487.02 | S$2,773.68 | S$2,856.45 | S$4,372.49 | S$4,601.61 |
MSIG Prestige International Health Insurance Optional Features
MSIG Prestige International Health Insurance offers only one optional package: the maternity package. This provides simple coverage for pre/post-natal treatment and delivery (routine and complicated). It is only available for the Deluxe and Platinum plans. Because this maternity package is significantly cheaper, foreign expats living in Singapore may find this to be a cheaper alternative to FWD's plan and maternity package, as MSIG's package costs around 50% less.
| Premiums & Benefits | Deluxe & Platinum Plan |
|---|---|
| Ages 21-39 | S$1,594.77 |
| Ages 40-45 | S$2,422.43 |
| Normal Delivery | S$6,000 |
| Complicated Delivery | S$15,000 |
Policy Exclusions
MSIG's policy exclusions are quite extensive and include certain conditions that other insurers may include as part of their coverage. This includes pre-existing conditions, psychiatric treatment and routine medical examinations. Thus, you may be better off with a different insurer if you want coverage for commonly excluded conditions such as mental health, dental or pre-existing conditions.
| Exclusions | |
|---|---|
| Pre-existing conditions | Psychiatric Treatment |
| Routine medical exams | Cosmetic Surgery |
| HIV/AIDS | Family Planning/Fertility Treatments |
| Birth defects | Sleep disorders |
| Behavioral disorders | Substance Abuse |
| Self-inflicted injury/Suicide | Ocular issues & related costs (i.e. glasses) |
| Stem cell transplants | Adventurous activity |
Claims & Contact Information
MSIG settles claims directly with your healthcare provider. If you need emergency assistance, you can contact their number (listed below) for immediate service. When you need to file a claim, contact your agent at the 24-hour claims hotline (below) and download a copy of the claim form you require. You can request a Letter of Guarantee for an upcoming operation.
| Contact Information | |
|---|---|
| 24-Hour Healthcare Emergency Hotline | +65 6323 8388 |
| 24-Hour Claims Hotline | +65 6827 7660 |
| Customer Service | +65 6827 7602 |
| Mailing Address | 4 Shenton way #21-01 SGX Centre 2, Singapore 068807 |
| Claim Forms | Claims FAQ |
| Customer Service E-mail | [email protected] |
MSIG Prestige International Health Insurance Cost and Features
Because international health insurance can be very expensive, it is important to make sure your plan covers you for everything you need. Below, we summarised MSIG Prestige's international health insurance benefits and coverage. If you want to compare MSIG to other insurers on the market, you can read our guide to the best international health insurance plans.
| Benefits | Elite Plan | Deluxe Plan | Platinum Plan |
|---|---|---|---|
| Annual Limit | S$900,000 | S$1,500,000 | S$3,000,000 |
| Hospital Services | S$300,000 | S$500,000 | S$1,000,000 |
| Cancer Treatment | |||
| Kidney Dialysis | |||
| Organ Transplant | |||
| Day Care Surgery | |||
| Accidental Dental | |||
| Home Nursing Care | |||
| Accidental Dental | |||
| Outpatient Alternative Treatment | S$750 | S$1,000 | S$2,000 |
| Artificial Limbs | S$500 | S$1,000 | S$1,500 |
| Post-Hospital Diagnostic Services | 120 days | 120 days | 180 days |
| Increased International Cover | S$600,000 | S$1,000,000 | S$2,000,000 |
| Compassionate Grant | S$3,000 | S$5,000 | S$8,000 |
| Outpatient Services | N/A | N/A | S$25,000 |
| Compassionate Travel | N/A | Fully Covered | Fully Covered |
| Emergency Medical Advice and Travel Assistance | Provided | Provided | Provided |
All insurance product-related transactions via AMTD PolicyPal Group (including Value Champion) are arranged and administered by Baoxianbaobao Pte. Ltd., our insurance broker and exempt financial adviser licensed and regulated by the Monetary Authority of Singapore. This insurance purchase is powered by Baoxianbaobao Pte. Ltd.
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.