Someone asked, "What type of medical insurance should I take for my child?"
The answer is - CPF Medishield. The premium for a child is only $33 a year. If you want to take a private Shield for treatment in non-subsidised wards, do not pay more than $70 a year.
You do not need to buy any rider to cover the deductible. You can pay the deductible from your Medisave account. It may cost up to $1,500 per year, but you only need to incur in once in many years.
The premium that you pay for the rider over the years is likely to be more than the amount claim - this is how the insurance company and the agent make their profit and commission.
You do not need to take critical illness insurance for your child, as the cost of treatment is covered by the Shield plan. Do not have duplicated coverage - it is not worth spending the money.
Here is the Medishield premium for various ages:
http://www.moh.gov.sg/content/moh_web/home/costs_and_financing/schemes_subsidies/Medishield/Premiums.html
The answer is - CPF Medishield. The premium for a child is only $33 a year. If you want to take a private Shield for treatment in non-subsidised wards, do not pay more than $70 a year.
You do not need to buy any rider to cover the deductible. You can pay the deductible from your Medisave account. It may cost up to $1,500 per year, but you only need to incur in once in many years.
The premium that you pay for the rider over the years is likely to be more than the amount claim - this is how the insurance company and the agent make their profit and commission.
You do not need to take critical illness insurance for your child, as the cost of treatment is covered by the Shield plan. Do not have duplicated coverage - it is not worth spending the money.
Here is the Medishield premium for various ages:
http://www.moh.gov.sg/content/moh_web/home/costs_and_financing/schemes_subsidies/Medishield/Premiums.html
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