Best Health Insurance Company- Raffles Health Insurance

  There is hardly anyone across the cities of the world who has not at least heard about hospitalisation insurance. Singapore is an advanced and fast growing economy and the cost of getting treatment in private hospitals is quite high. Although the government covers its citizens and permanent residents with basic insurance, but that is only for the public hospitals. On the other hand, if you want to be treated in comfort at a private hospital, then you will have to opt for a better hospitalisation insurance cover. Such a cover is available with the good private insurance companies in Singapore. These companies provide the facility of cashless hospitalisation for their insured clients. These companies are very professional and they do not create a hassle while settling the hospitalisation claim. They also provide health cover before and after the hospitalisation is over. You can claim the cost of the treatment, whether surgical or otherwise and the medications take before, dur...

  Health has always been considered the real wealth for living beings. And with the ongoing pandemic in various parts of the world, people who used to take it for granted have also started prioritising their health. But taking care of oneself when one is not keeping well is different from taking care of one's health from a financial perspective for the coming uncertain future. Here is when medical insurance plans come into the scenario.   Medical insurance plans are a type of health coverage for future use by investing in the present. Medical insurance plans are an investment rather than an expense because the benefits which these provide in the future when the individual requires financial help are unmeasurable. Medical insurance plans provide coverage in the form of providing for hospital bills and other medical-related bills for the insured as and when the need arrives; and in return the individual needs to pay a fixed amount of premium monthly to the insurer company. The...

  Health is wealth and it stands true! And there is nothing wrong with the fact that without wealth one cannot take proper care of one’s health when things start to fall out of hand. Here is when health insurance comes into the picture. Health insurance is investments done in bits that would give benefit later on when one is in dire need of help to cover various health expenses.   In cities like Singapore, where expenses related to almost everything are paramount, family health insurance becomes a vital requirement for every individual. Family health insurance in Singapore is one of those investments which is on the priority list for bread earners in such mega-cities.   There are many benefits of family health insurance in Singapore that the insured and his or her family would enjoy in the long run:   One need not pay separate premiums for different family members covered under the family health insurance in Singapore. This family health insurance ...

  Usually, youngsters have a very significant question regarding the right age to invest in a full coverage health insurance plan. The simple question they put forward whenever consulted by any individual regarding full coverage health insurance plans is that “Why take up a full coverage health insurance plan at such a young age?” With initial years of starting to earn, youngsters ought to spend their hard-earned new money on their dreams and desires rather than on some insurance policy.   But little do they know that investing in a full coverage health insurance plan at a young age has many benefits associated with it. Some of the same are mentioned herein below:   At such a young age the individual is very unlikely to have any pre-existing condition. In simple words, it can be said that in the 20s and 30s individuals usually do not have any health issues. Thus, with no pre-conditions they can easily apply for a full coverage health insuran...

  What is Singapore's secret to such an efficient health system? The healthcare system is funded in a way that increases awareness of the cost of healthcare among the population. In Singapore, each person saves a certain amount of their salary every month to participate in financing the medical expenses that they will encounter during their lifetime. The unused savings in the account generate interest. This system aims to avoid the overuse of medical care/treatment. The state of Singapore covers the majority of the healthcare costs of its citizens in the form of subsidies within public health institutions, often covering up to 80% of costs. The Singaporean health system is organized around the ‘3M’:  Medisave, MediShield, and Medifund. It also allows for flexibility in the choice between the public and private sectors. Private medical insurance refers to any medical insurance coverage offered by a private entity instead of a state or federal government. Insurance broke...

As an employer, you are committed to providing security and safety to your employees. Be it any kind of organization - a factory, manufacturing unit, a software firm, hospital, school, hospitality, or any other organization. Your employees’ health is surely and directly related to the productivity and culture of your organization. Owing to this and The Ministry of Manpower in Singapore’s mandate, organizations nowadays provide medical insurance plans to their employees, one that can provide a cover to the employee and well as their own and sometimes extended families. The plans are also extended to the employees who are Work Permit or S-Pass holders.   The Insurance plans are committed to providing medical coverage to individuals, employees, employers etc. The corporate care plans are tailor-made Employee benefits solutions for Small and Medium Enterprises. While the Foreign Workers Insurance plans assures timely medical help in case of hospitalization and surgeries, some of the...

Many employees often overlook the fact that Employee Benefit Schemes (EBS) usually include some form of medical coverage. Most employers in Singapore offer basic health insurance coverage under what is known as a Group Insurance Plan. This coverage can complement an Integrated Shield Plan (IP) employees might also be under, as is the case with the Raffles Shield High Deductible option. Before considering this option, a useful question to ask would be: Do I know what medical expenses I am covered for under my Employee Benefit Scheme? If the answer to this is no, perhaps it’s time to change that! It’s helpful to be aware of the benefits you are entitled to, as it allows you to make informed choices when selecting other insurance plans you might want to have. Employee health benefits vary with each employer, and include different claim limits and eligible benefits. Some policies’ claim limits go by admission, while others have annual limits. Check up on your company’s health pol...