Hospitality and Surgery
Previously I covered under medi shield insurance and the premium is paid by medisave. This is co-payment plan and percentage of co-payment it might not able cover full medical bill payment and at the end might wipe out my medisave balance. It only can go government hospital with class B2 ward, it not good because you may need queue for medical cure.
Therefore I upgrade current medi shield to Integrated shield plan which also can paid by medisave. The co-payment can reach 90% of the medical bill and can go private hospital for hospitalization.
I have bought rider for the co-payment so maximum need to paid is $3k but the premium need paid by cash.
Annual Premium paid by Medi save : $341 (Not fixed, increase base on your old)
Annual Premium paid by Cash : $153
Income Protection
I bought this rider to protect if anything happen cause I lost my active income. This plan is kick off if assurer can not recover within 6 month, then the plan give 70% of your salary every month. This plan only covered me till age 65 which is retirement.
Annual Premium paid by Cash : $462.35
Life Insurance.
Standard insurance which i think most of people will have one. When death your family will receive sum assured amount money. This kind another feature I call "saving" which mean when policy mature you will received certain amount. Sound good right? but this kind normally not cheap and 70% percentage of insurance premium is from this plan. For family so I bought it ;)
Annual Premium paid by Cash : $ 2475.55
Total Annual Premium By Cash : $3090.9
Monthly : $257.57
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