Raffles Medical Group unit enters integrated shield market

Singapore

RAFFLES Health Insurance (RHI) is venturing into the Integrated Shield space (IP) for the first time, undaunted by keen competition and rising underwriting losses among insurers in the scheme.

Its product, Raffles Shield, will be launched on Aug 1 and will mark a number of firsts. It will cover three common chronic pre-existing conditions - high cholesterol, diabetes and hypertension - as long as policyholders comply with a care management plan for their condition.