The Business Times

How can IP insurers deal with soaring healthcare claims?

It is time to work towards greater transparency

Published Sun, Aug 10, 2014 · 10:00 PM
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HOUSEKEEPING can be a tedious and, at times, painful process. This is especially when the relevant parties have been left to their own devices for a significant period of time.

And it's exactly so in the case of the five insurers offering Integrated Shield Plans (IPs).

The five - AIA, Aviva, Great Eastern, NTUC Income and Prudential - have been tasked to come up with a standardised set of guidelines based on best practices, as part of the government's attempt to put the IP industry in order.

The MediShield Life review committee urged authorities in June to improve the existing regulatory framework by setting "clearer guidelines and r…

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