Rider for Hospital Expenses

Mr Tan

I purchased a financial guardian plan, some 17 years ago. It includes a rider to cover the following:

* $65 a day for bed
* $1,200 to cover surgical
* $300 for other expenses
* $20,000 to cover total disability and a few critical illness

These covers extend up to 65 only.

What can I do with it now since it cannot meet present hospital expenses? Should I buy a enhanced Incomeshield and drop the current plan?

REPLY

You should talk to an adviser or visit the business center of NTUC Income.

Your current rider provides cover up to age 65 only. It does not meet your needs beyond age 65. It is better for you to switch to a plan that offers lifetime coverage.

The premium rate for a rider is usually quite high. You may find it to be more affordable to buy a separate policy. But, as your are paying a level premium under the rider, it may be better for you to continue it (depending on the premium rate).