The Official Helmi Hakim Website

Yup…Just an update….

Beginning of January 2008, NTUC Income will removed PLUS RIDER for new applicants of the Enhanced Incomeshield Insurance.

Existing policyholders, you can still continue with the PLUS RIDER…

New applicants of Enhanced Incomeshield Insurance were to get ASSIST RIDER after 15 November 2007.

This move will be confirmed once MOH approved the step taken by NTUC Income.

With the new ASSIST RIDER, premiums will be lower than usual.

There will be also 4 types of plan to be chosen, instead of 3.

1) Plan P
2) Plan A
3) Plan B
4) Plan C

However, with the new ASSIST RIDER, in the event of hospitalisation, applicants need to pay 10% of the claimable amount,subject to a cap limit.

$3,000 for Plan P…

$2,500 for Plan A…

$2,000 for Plan B….

and $1,500 for Plan C…

Applicants can pay the co-payment using their medisave.

The introduction of co-payment is essential, to keep the plans sustainable in the long run.

Hospital bills have risen by 10% to 30% between 2005 and 2006.

You may be asking, if changes to the plan may lack appeal to many….

Compared to “full” rider plans offered by other insurers in the market, the premium for Assist Rider is 40%-50% lower.

For example, for a 45 year old, savings from new ASSIST RIDER could be as much as $1,700 over 10 years.

For a family of four, the savings can add up to a considerable $5,000-$6,000.

These changes are necessary and more GOOD NEWS to come…

From 1 January 2008, NTUC INCOME Enhanced Incomeshield is going to cover expenses incurred for miscarriage and ectopic pregnancy.

We will also cover psychiatric treatment during full time confinement in a hospital.

We will cover HIV through blood transfusion and infection of HIV resulted from an accident whilst the insured (medical practioner) is carrying out the normal professional duties of his occupation in Singapore.

Last but not least, we will cover the expenses incurred arising from confinement in a community hospital up to 45 days per stay..

On top of that, NTUC Income will remove the clause which need its policyholders to inform us 4 days in advance prior to surgical operation…

This really makes the plan the most competetive and complete one in the market

My other related posts that may interest you:

• Why You Must Get Your Hospitalisation Insurance Plan COMPLETE With The Rider….
• Insurance Riders: What The Heck Is This All About?
• Means Testing Dialogue Conducted Yesterday’s Evening