Save $840 a year

Dear Mr Tan,

My wife and I are unemployed presently. I have been paying premium for the following two policies for past few years. Are we having double coverage?

1. Enhanced Incomeshield with Plus Rider

2. Group Medical Insurance from my former employer. Annual premium is $840. Max coverage per year is $6000 and max per lifetime is $50,000. No co-payment or deductible but there is sub-limits on all benefit items.

Do we need the Group Medical Insurance?

REPLY:

The Enhanced Incomeshield WITH Plus Rider is sufficient for you and your wife. Both of you do not the Group Medical Insurance plan, as it is double coverage. You can save $840 a year.