protect thyself ...
Think I'll go with NTUC Incomeshield Plan lah.
Gawd I'm so boring these days. I don't even know what to post anymore.
Heh was just deciding between a few medical insurance companies,
amongst them AXA, GE Life and NTUC Co-Op.
Then I read this in the FAQ:
Since the premium is not guaranteed, can I trust insurer to keep their premium low?
Most insurers aim to make a profit on their health insurance. They are likely to increase their premium rates to maintain their margin and generate profit for their shareholders.
You are likely to be stuck with the insurer, since it will be difficult to move to another insurer when you are old and not in good health.
NTUC Income is a co-operative. We do not aim to increase profit for shareholders. We also pay attention to prevent escalation of claims. This allows us to keep the premium rates as low as possible.
Although you have to pay a higher premium rate when you get older, you can be sure that the increase from NTUC Income will be more modest. It is better to insure with a cooperative that aims to take care of its policyholders.
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Anyone has any input on this matter?
Still can't figure out if I should go for one with sub-limits or not?
And what about co-insurance and deductibles? *pengsan*
Gawd I'm so boring these days. I don't even know what to post anymore.
Heh was just deciding between a few medical insurance companies,
amongst them AXA, GE Life and NTUC Co-Op.
Then I read this in the FAQ:
Since the premium is not guaranteed, can I trust insurer to keep their premium low?
Most insurers aim to make a profit on their health insurance. They are likely to increase their premium rates to maintain their margin and generate profit for their shareholders.
You are likely to be stuck with the insurer, since it will be difficult to move to another insurer when you are old and not in good health.
NTUC Income is a co-operative. We do not aim to increase profit for shareholders. We also pay attention to prevent escalation of claims. This allows us to keep the premium rates as low as possible.
Although you have to pay a higher premium rate when you get older, you can be sure that the increase from NTUC Income will be more modest. It is better to insure with a cooperative that aims to take care of its policyholders.
-----------------------------------------------------------------
Anyone has any input on this matter?
Still can't figure out if I should go for one with sub-limits or not?
And what about co-insurance and deductibles? *pengsan*