The Business Times
business-time-50
MIND THE GAP
·
SUBSCRIBERS

Integrated Shield Plans: Taking stock of need vs affordability

IPs suffered years of losses prior to 2019, but a wave of measures raised expectations that they would get on a sounder financial footing

google-preferred-sourceAdd BT as a preferred source
Genevieve Cua

Genevieve Cua

Published Mon, Aug 12, 2024 · 05:00 AM
    • The government has raised concerns about "overly generous insurance policy design" which leads to bigger bills and higher premiums. Around 2 per cent of seniors have given up their Integrated Shield plans.
    • The government has raised concerns about "overly generous insurance policy design" which leads to bigger bills and higher premiums. Around 2 per cent of seniors have given up their Integrated Shield plans. PHOTO: BT FILE

    IF YOU feel premium fatigue when it comes to your Integrated Shield Plan (IP), you are surely not alone.

    The two-year moratorium on premium increases comes to an end this month. Most insurers I got in touch with were vague on the question of whether they are raising premiums.

    The exceptions are Income Insurance and Singlife. Income says premiums will rise from September, “as we are rolling out enhanced coverage” for base IPs and riders.

    Mind the GapInsuranceHealthcare

    TRENDING NOW

    The Monetary Authority of Singapore said it is following up with the three Singapore entities to reinforce its expectations of conduct and compliance.

    Tiger Brokers, Moomoo, Longbridge Singapore units ‘financially independent’ amid China crackdown: MAS

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    Nuclear power “is very much back in the conversation” in Asia, say industry observers.

    As India and China surge ahead with nuclear energy, all eyes on Asean’s next move

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More