Insurance for medical and dental treatment

Dear Mr. Tan,
Can I buy insurance to cover medical and dental consultation at private clinics in Singapore?

REPLY
It is better to pay for the cost of these expenditure out of pocket, rather than through insurance.
Insurance does not add value and is costly for this type of expenditure. The additional cost comes from marketing expense, administration cost and the profit margin of the insurance company. It is further aggravated by lack of claims control over this type of claims.

Generally, it does not make sense to buy insurance to cover small expenditures that may occur a few times in a year.