Insurance is a fairly complex topic to understand, especially without the help of a professional financial planner. There are numerous types of insurance for various needs, but the basis of each is always protection. 
If you’re not sure where to begin, health insurance is a basic start. A health insurance policy insures you for medical and surgical expenses in the unfortunate event of hospitalisation. Health insurance in Singapore is thus essential for every person because the last thing you want is to add financial worry in the midst of a medical emergency.

Here’s a quick look at some of the health insurance plans we have at NTUC Income:

Enhanced IncomeShield
As its name suggests, Enhanced IncomeShield is an improved version of our original IncomeShield, which is a Medisave-approved Integrated Shield Plan that provides additional protection on top of Singapore’s national health scheme, MediShield Life. As comfort is important in the recovery process, Enhanced IncomeShield now gives you the luxury of choice in which class of ward you wish for your stay. This plan also includes emergency overseas treatment in addition to the 90-day pre- and post-hospitalisation coverage. You can also choose to add on riders that let you enjoy extra benefits. Depending on the riders chosen, some of these additional benefits include reduced out-of-pocket expenses in the event of hospitalisation and even a 'get well’ benefit upon discharge.

Value Pack
Designed to insure the whole family, the Value Pack is an essential term life and health insurance bundle that provides protection for low-income families at remarkably affordable rates. This package includes iTerm, which covers death and total and permanent disability, as well as the Enhanced IncomeShield C plan that covers inpatient and outpatient hospital treatments, pre- and post- hospitalisation coverage, and emergency overseas treatment.

Co-Pay Assist Plan
This is a group insurance policy for public officers who are covered under the Comprehensive Co-payment Scheme. It reduces the amount that an individual and their dependants have to pay for approved medical bills. These include in- and outpatient treatments and medical expenses incurred while working overseas. 

As much as we’d like to have a positive outlook on life, we never know when tragedy may strike so it’s best to always be insured against the worst. These are some of the health insurance plans that provide long-term coverage in the event of severe disability:

  • ElderShield
    Intended for individuals who need long-term care due to severe disability, this scheme provides a monthly payout of up to $400 for a period of up to 72 months for those deemed severely disabled.
  • PrimeShield
    This plan complements ElderShield with a comprehensive suite of enhanced benefits for the severely disabled. It offers a higher monthly benefit and the payouts are for life. 
  • IDAPE
    Short for Interim Disability Assistance Programme for the Elderly, IDAPE provides monthly cash payouts to those who are not eligible to be insured under ElderShield due to age or existing disabilities. These cash benefits depend on the individual’s household monthly income and can stretch across a maximum period of 72 months.
For more information on health insurance in Singapore, connect with an insurance company or chat with a preferred adviser online via our chat portal, Adviser Connect