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Can you upgrade an insurance policy?
You have the option of upgrading your health insurance plan from time to time. If you feel the current plan is insufficient or lacks the kind of cover you need, you can always go in for an upgrade. Take a look at this article to know more about the benefits of upgrading a health insurance policy.
Should I upgrade my insurance?
If you're stuck with a basic health cover with low coverage, upgrading your policy will give you the chance to customize the plan as per your needs. You can choose the sub-limits, co-payments, and deductibles as per your needs.
Can I change Integrated Shield plan?
If you can no longer afford or do not wish to continue paying the premiums for your IP, you can switch your plan to one which provides coverage for lower ward classes with the same insurer without any additional underwriting.
How do I upgrade my IncomeShield plan?
For existing IncomeShield policyholders, you can choose to upgrade your plan to enjoy better benefit by completing and submitting the Enhanced IncomeShield Upgrade Form or IncomeShield Standard Plan Upgrade Form to us at healthcare@income.com.sg, or you can speak to your adviser.
Should I upgrade my MediShield life?
If all we need is medical attention when we lose our health, there is really no necessity to consider an upgrade as Medishield Life will provide “universal coverage”. This means that every Singaporean and permanent resident will be covered for all illnesses including pre-existing ones, and the coverage is for life.
Is MediShield life insurance enough?
MediShield Life would generally be enough if you're okay to be warded in a Class B2 or C ward when hospitalised. For higher coverage in a Class B1 or A ward, or in private hospitals, you may want to consider getting an IP to ensure that you pay less out-of-pocket for your treatment.