IncomeShield

IncomeShield

A medical insurance that covers hospital and surgical expenses and can be paid with your Medisave account.

IncomeShield Yearly Premium Rates for insured person who is a Foreigner

Age Next Birthday[1] Total Medisave
Withdrawal Limits[2]
IncomeShield
Plan P Plan A
Total Premiums Cash outlay[3] Total Premiums Cash outlay[3]
1 to 18 $430 $261 - $187 -
19 to 20 $430 $309 - $204 -
21 to 30 $495 $358 - $253 -
31 to 35 $610 $542 - $394 -
36 to 40 $610 $553 - $400 -
41 to 45 $1,035 $762 - $601 -
46 to 50 $1,035 $817 - $613 -
51 to 55 $1,230 $1,113 - $870 -
56 to 60 $1,230 $1,142 - $887 -
61 to 65 $1,355 $1,637 $282 $1,168 -
66 to 70 $1,415 $2,109 $694 $1,467 $52
71 to 73 $1,785 $2,780 $995 $1,811 $26
74 to 75 $1,875 $3,205 $1,330 $2,080 $205
76 to 78 $2,030 $3,765 $1,735 $2,485 $455
79 to 80 $2,075 $4,134 $2,059 $2,722 $647
81 to 83 $2,150 $3,972 $1,822 $2,667 $517
84 to 85 $2,330 $4,566 $2,236 $3,136 $806
86 to 88 $2,400 $5,152 $2,752 $3,604 $1,204
89 to 90 $2,400 $5,482 $3,082 $3,881 $1,481
91 to 93 $2,430 $5,842 $3,412 $4,231 $1,801
94 to 95 $2,430 $6,251 $3,821 $4,563 $2,133
96 to 98 $2,430 $6,657 $4,227 $4,847 $2,417
99 to 100 $2,430 $7,010 $4,580 $5,083 $2,653
Over 100 $2,430 $7,307 $4,877 $5,283 $2,853

FR: Foreigner

  1. The last entry age is 75, based on insured’s age next birthday, when cover starts.
  2. If you are paying for a foreigner whose plan does not have a MediShield Life portion, you can utilise an equivalent amount of Medisave to pay for his/her premiums.
  3. This refers to the cash outlay if you are paying by Medisave (assuming you have sufficient monies in your Medisave account). If you are not paying by Medisave, your total cash outlay will be equal to the Total Premiums. For example, for an insured aged 30 (at next birthday) buying IncomeShield Plan P, the total cash outlay will be $358.

Premium rates are inclusive of 7% GST. The above premium rates apply to policies starting from 1 November 2015. You can pay premiums for the main plan by Medisave, cash, cheque or GIRO. Yearly premiums are based on the insured’s age at next birthday, and will increase when the insured reaches the next age band. Premium rates are non-guaranteed and may be reviewed from time to time.