If you’re wondering, “What insurance do I need?”, just know that different stages of life call for different approaches to choosing the plan that’s right for you. With so many plans on the market, though, how do you know exactly what to get? We asked some insurance experts for advice on health insurance including maternity insurance in Singapore for expats in different scenarios.
#1 Maternity insurance for… growing families
The team from Pacific Prime says:
“Welcoming a new family member is indeed one of the most beautiful and rewarding experiences in life. However, it can also turn into a stressful event, especially if you’re giving birth outside of your home country. The quality of healthcare treatment in Singapore is outstanding, but it comes with a hefty price tag. Whether you are an expat or a local living in Singapore, not having suitable maternity coverage can be risky. Opting for the cheapest plan you can lay your hands may be tempting. But, this isn’t a smart move in the long run, as not all health insurance plans are created equally.
Maternity benefits should be purchased early because, in most cases, they are attached with a waiting period ranging from anywhere between 10 to 24 months. Also, it’s important to point out that maternity policies typically have a long list of terms and conditions – from childbirth complications to newborn underwriting. Our dedicated team of experts are here to help and answer any questions you may have, not only regarding benefits, claims, and coverage but also for any general advice you need about maternity and insurance in Singapore.”
Pacific Prime Singapore
#14-05 China Square Central, 18 Cross Street
6346 3781 | pacificprime.sg
#2 Insurance for… working adults with dependents who are not adequately covered by the company-sponsored plan
The team from Expat Insurance says:
“Many expats in Singapore feel that they are under-protected when it comes to medical insurance. Healthcare plans provided by employers for expats in Singapore often have low limits. This can leave you financially exposed to large hospital bills if you have an accident or get ill. If a client feels that they are under-protected, he or she is advised to check with his or her company about the coverage of the sponsored plan in detail.
It’s a good idea to consider top-up plans that are designed to offer additional protection on an individual or entire family. The top-up plans work by increasing a client’s accident, annual and lifetime limits. The aim is for your top up plan to work in conjunction with your current expat health insurance that is provided by your employer.
As experts at Expat Insurance, we can help the client review his or her coverage plan, identify gaps and provide solutions.” Depending on your needs at the given time, we’ll be able to recommend the right top up cover insurance.”
#B1-52 The Riverwalk, 20 Upper Circular Road
6401 9201 | expatinsurance.com.sg
Check out more about health and fitness.
Get the latest events, stories and special offers
sent to your inbox.
By signing up, you'll receive our weekly newsletters and offers, which you can unsubscribe to anytime.