What is health insurance?

It is a type of insurance plan that helps the insured manage the costs of unexpected medical and surgical expenses. It covers various expenses including hospital stays, surgeries, critical illnesses, disabilities, and even long-term care.

Who needs health insurance?

Unexpected health issues can affect anyone, from the young to the old and the medical cost involved may be hefty. Hence, a health insurance plan is an essential financial safety net for all.

How do I choose health insurance?

Evaluate your specific needs including age, existing medical conditions, potential familial health concerns, and anticipated healthcare requirements. Then determine an appropriate premium payment plan that aligns with your financial capabilities. Compare deductibles, co-payments, and coverage limits to find a plan that fits your preferences. Take into consideration the network of healthcare providers, facilities, and services included in the plan. Thoroughly review the policy terms and conditions to understand the coverage limitations and exclusions. Take note of the different health insurance plans that are available: hospitalisation and surgical plans, critical illness plans, hospital cash plans, etc. If you are unsure about anything in the plan, speak to a qualified Financial Representative to find out more.

What health insurance do I need?

While all Singapore Citizens and Permanent Residents are covered under a basic health plan provided by the government (i.e. MediShield Life), you can opt for additional health insurance coverage for more protection. The health insurance policy you choose will depend on your needs, including your health requirements, preferences, lifestyle, age, medical conditions, and family composition. Different plans serve various purposes: Hospitalisation and Surgical plans: cover hospital room and board, doctor fees, and other related charges during hospitalisation, for example: Great Eastern’s GREAT SupremeHealth and GREAT TotalCare, Hospital Cash plans: provides payout for each day of hospitalisation. The payout can be used in whichever way one may wish, for example: paying the daily living expenses during the recovery period, for example, Great Eastern’s GREAT Hospital Cash, Critical Illness plans: provide a lump sum payout upon diagnosis of a critical illness covered by the plan, such as cancer or heart disease, for example: GREAT Critical Cover Series, GREAT Cancer Guard, Disability Income: Provide income if you are unable to work due to disability, for example Pay Assure, Long Term Care: Pay for care if severely disabled, for example GREAT CareShield Ultimately, whichever plan you choose will depend on your unique circumstances.

Where can I buy health insurance?

For hospitalisation and surgical plans, you must purchase via a qualified Financial Representative as it requires medical underwriting. For health plans with minimum health underwriting, you may purchase online. Talk to our qualified Financial Representatives today to find out how you can protect yourself against unexpected health issues that may incur hefty medical expenses.

The 6 Activities of Daily Living (ADLs)

Washing

The ability to wash in the bath or shower (including getting into and out of the bath or shower) or wash by other means.

Dressing

The ability to put on, take off, secure and unfasten all garments and, as appropriate, any braces, artificial limbs or other surgical or medical appliances.

Feeding

The ability to feed oneself food after it has been prepared and made available.

Toileting

The ability to use the lavatory or manage bowel and bladder function through the use of protective undergarments or surgical appliances if appropriate.

Walking or moving around

The ability to move indoors from room to room on level surfaces.

Transferring

The ability to move from a bed to an upright chair or wheelchair, and vice versa.

Protect your financial future against long-term disability

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The above is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are specified in the policy contract.

GREAT CareShield can be purchased by CareShield Life (CSHL) or ElderShield (ESH) policyholders. If purchased by ESH policyholders before the transfer of ESH to Government administration, GREAT CareShield will be considered as an ESH Supplement regulated under the CPF (Withdrawals for ElderShield Scheme) Regulations. If purchased by ESH policyholders after the transfer of ESH to Government administration or by CSHL policyholders, GREAT CareShield will be considered as a CSHL Supplement regulated under the CareShield Life and Long-Term Care Act.

This is only product information provided by us. You may wish to seek advice from a qualified adviser before buying the product. If you choose not to seek advice from a qualified adviser, you should consider whether the product is suitable for you. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs.

If you decide that the policy is not suitable after purchasing the policy, you may terminate the policy in accordance with the free-look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

Life and health

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