Page 4 - Integrated Shield News Today

Tuesday, 06 Jul 2021 07:40 AM MYT More than 7,000 first doses of the China-made Sinovac Covid-19 vaccine had been administered as of June 29, 2021. ― TODAY pic Follow us on Instagram and subscribe to our Telegram channel for the latest updates. SINGAPORE, July 6 — Two adverse events related to the Sinovac vaccine had been reported in the first 12 days the China-made vaccine was allowed to be administered at clinics here. Health Minister Ong Ye Kung revealed this in a written response to a p...

The Straits Times Singapores life insurance industry sees new sales surge 29% in Q1 to $1.25 billion New policies bought online grew to 88,565 in the first quarter of 2021 compared with just 4,662 the year before.PHOTO: ST FILE Michelle Zhu https://str.sg/JtCw They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to...

Health Ministry to study if Integrated Shield Plan insurance can be made fully portable Toggle share menu Advertisement File photo of a hospital in Singapore. 10 May 2021 05:20PM) Share this content Bookmark SINGAPORE: The Ministry of Health (MOH) will study whether Integrated Shield Plans can be made fully portable, but this could result in higher premiums, said Senior Minister of State for Health Koh Poh Koon in Parliament on Monday (May 10).  The ministry ...

April 05, 2021 The Straits Times Having children’s never easy, especially with Singapore’s high cost of living. To mitigate the cost, the government rolled out the Baby Bonus scheme, where cash rewards are given to encourage Singaporeans to have more children. With the Baby Bonus, parents will need a Child Development Account (CDA) to receive grants and cash rewards from the government. So how does the CDA work? Is there a way to make the most of it? Here’s a quick guide on how to maximis...

Good morning! Here are our top stories to kick-start your Sunday, April 4.. Read more at straitstimes.com.

April 01, 2021 Pexels From April 2, 2021, all Integrated Shield plan riders will require 5 per cent co-payment, including renewals of existing IPs with full-riders. What does this mean for consumers and how will it impact premiums? Read on to find out.  A refresher on Integrated Shield plan An Integrated Shield plan (IP) is a private health insurance plan that helps policyholders cover the cost of hospitalisation and surgical bills – the premiums can be paid using our MediSave account.  Tho...

March 11, 2021 Pexels When critical illness strikes, medical costs are not the only thing to worry about. The long road to recovery could cause significant financial stress, such as income loss and childcare-related expenses. At first glance, standard Integrated Shield plans may seem like they can keep us financially protected from pricey medical costs when our health is ever compromised. But recent statistics from Life Insurance Association of Singapore’s (LIA) 2018 Protection Gap Study foun...

A lot has changed in the past year, but the upcoming changes to the government’s health insurance scheme, MediShield Life, might have gotten lost in the noise. While the system has undergone little tweaks every now and then, in early 2021 there will be a major review of the MediShield Life scheme — which also means significant premium hikes! Since...

January 18, 2021 Pexels The Covid-19 vaccine rollout is underway in Singapore. However, not all side effects are known yet. Insurance companies have thus expanded their coverage to include allergic reactions from taking the vaccine. Find out who they are and what their coverage includes. A number of insurers in Singapore have recently unveiled additional coverage for policyholders should they suffer from allergic reactions after taking a Covid-19 vaccine. Due to the unprecedented speed in which...

12.5 per cent Note on CPF contributions for 55 & above: Over the next 10 years, CPF contributions for older workers will be gradually adjusted upwards to meet the full contribution rate of 37per cent (employee + employer). The CPF contribution rates will only drop after age 60. By the way, if you’re self-employed, none of the above applies to you. Any CPF contributions are voluntary EXCEPT Medisave contributions, which you’ll be prompted to pay after filing your taxes each year. Example Let...