Compare & Find The Best Health Insurance in Singapore
We partner with unbiased financial advisors to help you compare and find the best health insurance policies.
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What is Health Insurance?
Shield plans in Singapore are a type of health insurance designed to complement the basic health coverage provided by the compulsory MediShield Life scheme. While MediShield Life offers a safety net for all Singaporeans and Permanent Residents, covering large hospital bills and certain outpatient treatments primarily in Class B2/C wards of public hospitals, Shield plans provide additional coverage. They allow for higher ward classes and even private hospital care, offering broader options for treatment locations and more comprehensive coverage for hospitalisation, surgery, and certain outpatient treatments.
MediShield Life
MediShield Life is a compulsory health insurance scheme in Singapore that provides all Singaporeans and Permanent Residents with basic protection against large hospital bills and selected outpatient treatments, regardless of age or health condition. This forms the core of your health insurance coverage.
Shield Plan
Shield plans are supplementary health insurance policies in Singapore that offer enhanced coverage beyond the basic MediShield Life, including higher ward classes and private hospital care options. These let you get better healthcare treatment at lower costs.
Shield Plan Riders
Shield plan riders are additional optional coverages that can be attached to Shield plans, offering further financial protection by reducing or covering the out-of-pocket expenses like deductibles and co-insurance.
Pros of Health Insurance
Protection That Cares
Imagine a safety net that catches you when life throws unexpected medical bills your way. Health insurance in Singapore does just that, offering comprehensive coverage for hospitalisation, surgeries, and medical treatments.
Financial Security
In the unfortunate event of your absence, your policy ensures that your family's financial stability remains intact. From covering medical expenses to providing a safety net during challenging times, health insurance offers a lifeline of support when your family needs it most.
Medisave Payments
You can use your Medisave funds to pay for your health insurance premiums. Leveraging Medisave for insurance payments not only maximises the utility of your healthcare savings but also promotes proactive financial planning.
Who should get health insurance?
The Planner
Planners meticulously map out their future, including their financial well-being and healthcare needs. For them, health insurance is a natural extension of their proactive approach to life. By securing comprehensive coverage, planners ensure that they are prepared for any health-related contingencies that may arise, allowing them to pursue their goals with confidence and peace of mind.
The Risk-Averse
Risk-averse individuals are cautious by nature and prefer to minimise uncertainty wherever possible. For them, the prospect of facing significant medical expenses without insurance is a source of anxiety. Health insurance provides a sense of security and reassurance, allowing risk-averse individuals to mitigate the financial risks associated with illness or injury. By having insurance in place, they can rest easy knowing that their health and financial well-being are protected.
The Caregiver
Caregivers are compassionate individuals who prioritise the well-being of their loved ones above all else. Whether they are looking after children, ageing parents, or family members with medical conditions, caregivers understand the importance of being prepared for unexpected health-related challenges. Health insurance provides caregivers with peace of mind, knowing that they have the financial resources to access quality healthcare for themselves and their dependents.
Best Health Insurance Plans in Singapore
AIA HealthShield Gold Max
NTUC Income Enhanced IncomeShield
Raffles Health Insurance Raffles Shield
Singlife Shield Plan
Prudential PRUShield
HSBC Life Shield
Great Eastern GREAT SupremeHealth
How to apply for a comparison session?
Step 1
Submit a request for a comparison session with Life Insurance Singapore. Based on your request, we will match you with one of our MAS-licensed partners.
Step 2
Our partners will obtain quotations from the respective insurers and help you compare based on price, features, and suitability.
Step 3
Once you've found the perfect health insurance policy, feel free to purchase it from a friend, directly from the insurer, or from our partners!
Do I need health insurance in Singapore?
Health insurance is essential in Singapore to safeguard against unforeseen medical expenses and ensure access to quality healthcare.
How much does health insurance cost in Singapore?
Health insurance costs in Singapore vary based on factors like age, coverage level, and insurer. Generally, premiums range from a less than a hundred to several thousand dollars annually. For instance, basic plans for young individuals can start around $50-$100 per year, while comprehensive coverage for families or older individuals may exceed $1,000 or more annually. It’s essential to compare quotes and consider your healthcare needs when selecting a plan.
Can foreigners get healthcare in Singapore?
Yes, foreigners can access healthcare in Singapore through various channels. They can seek treatment at private hospitals and clinics, where they may need to pay out-of-pocket or use health insurance. Additionally, some public hospitals offer services to foreigners, often at higher rates. Some employers provide healthcare coverage for their foreign employees, while others may need to purchase private health insurance. Overall, healthcare is accessible to foreigners in Singapore, but costs and coverage options may vary.
Can foreigners buy health insurance in Singapore?
Yes, foreigners can purchase health insurance in Singapore. Many insurance providers offer health insurance plans tailored to the needs of foreigners living or working in Singapore. These plans typically cover medical expenses, hospitalisation, and other healthcare-related costs. Foreigners can choose from a variety of insurance options based on their preferences, budget, and specific healthcare needs. It’s advisable for foreigners residing in Singapore to explore different insurance providers and policies to find the best coverage that suits their individual circumstances.
How much health insurance coverage do I need Singapore?
Determining the appropriate amount of health insurance coverage in Singapore depends on various factors such as your health condition, lifestyle, budget, and preferences. Generally, it’s recommended to consider coverage that adequately protects against major medical expenses, including hospitalisation, surgeries, and critical illnesses. Assess your potential healthcare needs, evaluate the cost of medical services in Singapore, and choose a coverage amount that provides financial security without being excessive. Consulting with a financial advisor can also help tailor a suitable health insurance plan based on your specific requirements and circumstances.
What's the difference between an integrated shield plan and international health insurance?
An integrated shield plan is tailored specifically for residents of Singapore and complements the basic coverage provided by MediShield Life. It primarily covers medical expenses incurred within Singapore, including hospitalisation, surgeries, and treatments. On the other hand, international health insurance is designed for individuals who require coverage both locally and abroad. It offers broader geographical coverage, including medical treatment outside of Singapore, making it suitable for frequent travellers or expatriates. Integrated shield plans are regulated by the Singaporean government, while international health insurance policies may be provided by global insurers with coverage in multiple countries.