Lack of options as there’s only one insurance product available
Log into the UOB Mighty app and you’ll spot the unmistakable blue umbrella. Under the name SimpleInsure, UOB’s in-app insurance offering gives users an opportunity to snap up a single product: Prudential’s PRUCancer360.
How it compares
A cancer insurance plan by Prudential, you’ll find the same plan on the insurer’s website and even right here on SingSaver.
Even as the sole insurance product, it packs a real punch. It boasts wide coverage on multiple aspects, such as age (includes one-year old infants up to 100-year old retirees) and cancer stages, so you can expect a 100 per cent payout of your sum assured whether you’re diagnosed early or late.
COVID-19 spurs demand for some insurance products, but insurers watching long-term impact of pandemic Toggle share menu
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COVID-19 spurs demand for some insurance products, but insurers watching long-term impact of pandemic
People walk during their lunch break in the financial business district of Raffles Place in Singapore on Jan 11, 2021. (Photo: AFP/Roslan RAHMAN)
18 Feb 2021 08:20AM) Share this content
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SINGAPORE: Amid the COVID-19 pandemic, life insurers have seen higher demand for some of their insurance products as people rethink their health and financial plans.
These include policies that cover critical illnesses, have lower premiums or shorter terms, as well as investment-linked plans, they told CNA.
1. MediSave limits for hospitalisation & surgery
Sorry, but you cannot use your MediSave to pay for that GP visit you made in order to get an MC. If you get hospitalised or have to undergo day surgery, however, you will be able to use MediSave to pay.
Two types of MediSave limits apply: (a) daily hospital limits (which only apply to hospital charges excluding surgery) and (b) surgical limits (only apply to surgery). So if you get hospitalised and undergo surgery, you can claim up to two different limits.
(a) MediSave limits for hospital charges
Type of hospital stay
Inpatient episodes
A lot has changed in the past year, but the upcoming changes to the government’s health insurance scheme, MediShield Life, might have gotten lost in the noise. While the system has undergone little tweaks every now and then, in early 2021 there will be a major review of the MediShield Life scheme which also means significant premium hikes! Since.