Your Priorities

Life Protection – MediumMedical Expenses – HighCritical Illness – HighPersonal Accident – MediumSavings & Investment – MediumRetirement – LowAsset Protection – Not Applicable

High Medical Costs

72% of Singaporeans agree that they cannot afford to get sick these days due to high medical costs

Source: Singapore’s Emigration Conundrum, The Business Times, 6 Oct 2012

Medical Bill Illustration

Your Total Medical Bill

Major Portion• Pay by yourself if no cover• Covered By Insurance Basic Plan

Deductible• Pay by yourself if no cover• Covered By Insurance

Advanced Plan

Co-insurance (10%)• Pay by yourself if no cover• Covered By Insurance

Advanced Plan

Major Changes in March 2013

• Deductible increases by $500 across the board

Type Deductible Amount

C Class Ward First $1500

B2 Class Ward First $2000

B1 Class Ward First $2500

A Class Ward First $3500

Private Hospital First $3500

Day Surgery/Short Stay Ward First $2000

Major Changes in March 2013

• Increase of base Medishield premiums

“As a not-for-profit self-financing insurance scheme , MediShield premiums have to be adjusted from time to time in line with the latest claims experience. Since the last premium revision in 2008, the average claim per policyholder had increased by about 12% per year from 2009 to 2011.”

Source: Ministry of Health

Comparisons Between AIA/AvivaAviva AIA Verdict

Psychiatric Treatment Benefits

$3500 per policy year

$5000 per policy year

AIA

Renewal Ability Non-guarantee Lifetime guarantee AIA

Maximum Claim Limit

$650,000 per policy year

$600,000 per policy year

Aviva

Children Benefit Free for insured’s children under 18

Not applicable Aviva

Daily Hospital Income

$300 per day (Optional)

$250-$350 per day (Optional)

Tie

Final Expense Benefit

$1000 $5000 AIA

Special Illness Coverage

Cornea – Organ Transplant

Not applicable Aviva

Comparisons Between AIA/AvivaAviva AIA Verdict

Proration Factor 70% 50% AIA

Organ Transplant Benefit

$50,000 $60,000 AIA

Premium Discount On Related Plans

Not applicable 20% discount AIA

Premium (CPF) $232.83 $232.00 AIA

Premium (Cash) $378.00 $350.00 AIA

Your Priorities

Life Protection – MediumMedical Expenses – HighCritical Illness – HighPersonal Accident – MediumSavings & Investment – MediumRetirement – LowAsset Protection – Not Applicable

Critical Illness

Woman of Wisdom Plan• Critical illness plan designed specifically for

women• Early detection feature: payout is upon

diagnosis, not on treatment/surgery• Free medical checkup once every 2 years. First

free checkup is available on year 3.

Major Illness CoveredIllness Payout

Female cancers (breast, cervix, uterus, ovary, fallopian tube etc)

$25,000 (lump sum) + $10,000 (upon death)

Systemic Lupus Erythematosus (SLE) With Lupus Nephritis

$25,000 (lump sum) + $10,000 (upon death)

Rheumatoid Arthritis $25,000 (lump sum) + $10,000 (upon death)

Osteoporosis $7,500 (lump sum) + $10,000 (upon death)

Urinary Incontinence Requiring Surgical Repair

$1,250 (lump sum) + $10,000 (upon death)

Female Carcinoma-in-situ (Growth of cancer cells that has yet progress to true cancer)

$5,000 (lump sum) + $10,000 (upon death)

Reconstructive surgery due to accidental burns or accidents

$25,000 (lump sum) + $10,000 (upon death)

Monthly Maintenance

• Payout of $1000 per month for all the illness on previous slide

• Maximum 12 months, which is $12,000• This is on top of the lump sum payout

Other Illness CoveredIllness Payout

26 Critical Illness (Standard ones like heart disease etc)

$12,500 (lump sum) + $10,000 (upon death)

Pregnancy Complications $5,000 (lump sum) + $10,000 (upon death)

Premiums

Yearly: $432.82

Wikipedia: Systemic lupus erythematosus

SLE most often harms the heart, joints, skin, lungs, blood vessels, liver, kidneys, and nervous system. The course of the disease is unpredictable, with periods of illness (called flares) alternating with remissions. The disease occurs nine times more often in women than in men, especially in women in child-bearing years ages 15 to 35, and is also more common in those of non-European descent. There is no cure for SLE.

Source: http://en.wikipedia.org/wiki/Systemic_lupus_erythematosus

Wikipedia: Rheumatoid arthritis

Rheumatoid arthritis (RA) is an autoimmune disease that results in a chronic, systemic inflammatory disorder that may affect many tissues and organs, but principally attacks flexible (synovial) joints. It can be a disabling and painful condition, which can lead to substantial loss of functioning and mobility if not adequately treated. Women two to three times as often as men. Onset is most frequent during middle age, but people of any age can be affected.

Source: http://en.wikipedia.org/wiki/Rheumatoid_arthritis

Your Priorities

Life Protection – MediumMedical Expenses – HighCritical Illness – HighPersonal Accident – MediumSavings & Investment – MediumRetirement – LowAsset Protection – Not Applicable

Savings & Investment

Financial Plus (USD) Plan

Year 0 Year 5 Year 10 Year 15Age: 28 Age: 33 Age: 38 Age: 43

Pay premiums here

Guaranteed Payout: 50% of sum insured

Guaranteed Payout: 50% of sum insured

Guaranteed Payout: 50% of sum insured

Example

Sum Assured = $25,000

Year 0 Year 5 Year 10 Year 15Age: 28 Age: 33 Age: 38 Age: 43

Pay premiums here

Guaranteed Payout: $12,500

Guaranteed Payout: $12,500

Guaranteed Payout: $12,500

Pros And Cons

• Pros– Pay only for 5 years, which is until 33 years old,

the prime earning period of your life.– Enjoy benefits until 43 years old.– Guaranteed payouts. Not dependent on markets.– Lower distribution costs. (Commission paid is not

as high as ILP/funds/unit trusts)– If TPD occurs, all premiums are waived, but

guaranteed payouts still persists

Pros And Cons

• Cons– Will be expensive because payment period is

squeezed into 5 years.– Have some currency risks, because of USD

denomination– Returns may not be as good as ILP/funds/unit

trusts