Aviva is certainly one of 7 insurers providing Built-in Defend plans in Singapore. On this article, we check out Aviva MyShield and see how good the plans actually are.
For the uninitiated, Built-in Defend plans are supposed to complement MediShield Life, which all Singaporeans and PRs have already got. They provide medical insurance protection over and above no matter protection MediShield Life already gives.
What are Built-in Defend plans?
MediShield Life is the federal government’s medical insurance plan that covers all Singaporeans and PRs. The medical insurance protection supplied by MediShield may be very primary, providing payouts just for important medical prices. As well as, there are limits on how a lot you may declare.
In the event you don’t have personal medical insurance, you’ll have to pay out of pocket any prices above the declare limits or these not coated by MediShield Life.
Briefly, MediShield Life is so primary that anybody who’s really nervous about their medical prices ought to contemplate buying an Built-in Defend plan to complement it.
You’ll need an Built-in Defend plan with the intention to keep at larger class wards somewhat than be restricted to Class B2 or C wards. You can even select to go to non-public hospitals for those who get a plan that covers you for them.
One other key function of Built-in Defend plans is that they provide protection for pre-hospitalisation and post-hospitalisation prices, which aren’t coated by MediShield Life. That is vital as the prices you incur earlier than and after hospitalisation are sometimes appreciable and may even exceed the prices you incur whereas hospitalised.
Aviva MyShield Built-in Defend premiums
| Aviva MyShield | Ward | Annual premium* |
| Plan 3 | As much as B1 | $310 (MediShield Life) + $100 = $410 |
| Plan 2 | Class A wards | $310 (MediShield Life) + $168 = $478 |
| Plan 1 | Personal hospitals | $310 (MediShield Life) + $409 = $710 |
* For Singapore residents aged 35.
By way of pricing, Aviva MyShield’s plans are fairly rattling costly in comparison with what different insurers are providing.
For instance, different insurers like AXA and AIA present personal hospitalisation insurance coverage (equal to Aviva MyShield Plan 1) for about $600 in whole, which is considerably decrease than Aviva’s premiums.
Learn our general comparability of built-in defend plans to see how a lot different plans price.
That being stated, Aviva MyShield does include some perks for households, for those who purchase the related riders. These embody free cowl for infants of as much as 6 months of age, in addition to free Built-in Defend plan protection and discounted premium charges for as much as 4 kids.
So for those who’re a household with children, this might be a great plan to have till your children not qualify totally free/discounted insurance coverage.
Extra Particulars
Key Options
-
Full protection to your hospitalisation, room, board, medical associated companies, Intensive Care Unit (ICU) bills, though co-insurance, deductibles, and pro-ration components apply
-
Full protection for MediSave-approved surgical procedures (all surgical procedures listed in Tables 1A to 7C), though co-insurance, deductibles, and pro-ration components apply
-
As much as 180 days pre-hospitalisation protection for therapies, together with any Accident and Emergency (A&E) therapies 24 hours previous to hospitalisation
-
As much as three hundred and sixty five days post-hospitalisation protection for therapies for those who search remedy at pre-authorised personal hospitals, restructured, or neighborhood hospitals
-
Protection for deliberate inpatient and emergency therapies in Aviva pre-authorised hospitals
-
Protection for main outpatient therapies: kidney dialysis, erythropoietin, chemotherapy, radiotherapy, brachytherapy, immunotherapy, stereotactic radiotherapy, and immunosuppressant medicine for main organ transplant
-
Further protection for five vital diseases coronary heart assaults, main most cancers, stroke, finish stage lung illness, and finish stage liver illness
-
Protection for preventive most cancers surgical procedure when you’ve got beforehand filed a declare for most cancers remedy with Aviva MyShield
-
Free protection for new child if each you and your companion are Aviva MyShield policyholders
-
Discounted premiums to your kids if each you and your companion are Aviva MyShield policyholders
Phrases and Situations
| Age Restrict | 75 years outdated |
|---|---|
| Coverage 12 months Restrict | S$500,000 – S$2,000,000 |
| Lifetime Restrict | No Restrict |
Hospital Ward Entitlement
| Public | As much as Class A |
|---|---|
| Personal | As much as Commonplace Room |
Further Advantages
| Coronavirus (COVID-19) Protection | |
|---|---|
| Put up-Hospitalisation Remedy | |
| Unintentional Inpatient Dental Remedy Profit | |
| Emergency Abroad Medical Remedy Profit | |
| Pre-Hospitalisation Remedy |
See all card particulars
Aviva MyShield Built-in Defend plans
| Aviva MyShield | Pre-hospitalisation cowl | Put up-hospitalisation cowl | Annual protection restrict |
| Plan 3 | 180 days | three hundred and sixty five days | $500,000 |
| Plan 2 | 180 days | three hundred and sixty five days | $1,000,000 |
| Plan 1 | 180 days | three hundred and sixty five days | $1,000,000 (bumped as much as $2,000,000 for those who go to a public hospital or panel specialist) |
Notice: The pre- and post-hospitalisation cowl interval is provided that you undergo a public hospital or Aviva panel specialist with certificates of pre-authorisation. In any other case, it is going to be simply 90 and 180 days respectively.
The three Aviva MyShield plans are somewhat blandly known as Plan 1, Plan 2 and Plan 3.
- Plan 1 offers you entry to any commonplace ward in personal hospitals. It’s the most costly plan of the three.
- Plan 2 offers you entry to any commonplace ward (together with Class A wards) in restructured/public hospitals.
- Plan 3 offers you entry to hospital wards as much as Class B1 (4 mattress commonplace ward) in public or restructured hospitals, one step up from the Class B2 wards that MediShield Life offers you entry to.
The annual protection limits are respectable sufficient, however keep in mind that you simply’ll must undergo both a public hospitalisation OR an Aviva panel specialist (with pre-authorisation) with the intention to benefit from the full size of pre- and post-hospitalisation cowl.
In the event you don’t, the quilt of 90 and 180 days isn’t nice, contemplating prognosis and testing can generally take months.
Aviva MyShield Built-in Defend riders: MyHealthPlus
Aviva’s MyHealthPlus riders allow you to cut back your deductible and co-payment portion, so that you pay much less out of pocket once you make a declare.
Known as MyHealthPlus Possibility A-II and MyHealthPlus Possibility C-II, each Aviva riders cowl 50% of your co-insurance and caps it at $3,000 per 12 months.
In addition they provide a one-off $10,000 payout if you’re recognized with coated vital diseases, plus a further $3,000 format for kidney dialysis because of kidney failure.
What’s the distinction then?
Possibility A-II is less expensive, at $43 to $155 a 12 months relying on which plan you add it on to. It gives free cowl to your kids. However it does NOT cowl your deductible, which prices as much as $3,500. It’s important to pay it the primary time you get hospitalised in a coverage 12 months.
Possibility C-II prices rather more: $211 to $912 a 12 months relying in your plan, and it reduces your deductible to $1,000 and your co-insurance to five%. It doesn’t give free cowl to your children, though you should purchase plans at discounted costs for them.
Rider premiums should be paid in money and aren’t Medisave-eligible.
How does Aviva MyShield complement MediShield Life protection?
As with different Built-in Defend plans, Aviva MyShield is supposed to supply protection in areas that MediShield doesn’t. This contains ambulance charges, larger declare limits, pre- and post-hospital remedy and remedy for uncommon situations that MediShield excludes.
The way in which Built-in Defend plans like Aviva MyShield are structured ensures that you don’t find yourself paying for duplicated safety.
You’ll get billed yearly for the overall (MediShield + Built-in Defend) and the premium, as much as the annual withdrawal limits, will probably be deducted out of your Medisave. You then pay the shortfall (if any) plus rider premiums in money.
Do you have to get an Aviva MyShield plan?
Those that stand to learn probably the most are prosperous households with a number of children who’ve the means to buy one of many riders, as you may then save in your children’ medical insurance premiums whereas on the similar time beefing up your post-hospitalisation cowl.
The principle concern with Aviva MyShield is that it’s fairly rattling costly contemplating the safety supplied. If you don’t want to cowl your loved ones, then it’s properly price your time to analysis the opposite choices in Singapore.
Get personalised quotes for medical insurance plans in Singapore on MoneySmart, or try our Built-in Defend plan comparability.
Extra Particulars
Key Options
-
Full protection to your hospitalisation, room, board, medical associated companies, Intensive Care Unit (ICU) bills, though co-insurance, deductibles, and pro-ration components apply
-
Full protection for MediSave-approved surgical procedures (all surgical procedures listed in Tables 1A to 7C), though co-insurance, deductibles, and pro-ration components apply
-
As much as 180 days pre-hospitalisation protection for therapies, together with any Accident and Emergency (A&E) therapies 24 hours previous to hospitalisation
-
As much as three hundred and sixty five days post-hospitalisation protection for therapies for those who search remedy at pre-authorised personal hospitals, restructured, or neighborhood hospitals
-
Protection for deliberate inpatient and emergency therapies in Aviva pre-authorised hospitals
-
Protection for main outpatient therapies: kidney dialysis, erythropoietin, chemotherapy, radiotherapy, brachytherapy, immunotherapy, stereotactic radiotherapy, and immunosuppressant medicine for main organ transplant
-
Further protection for five vital diseases coronary heart assaults, main most cancers, stroke, finish stage lung illness, and finish stage liver illness
-
Protection for preventive most cancers surgical procedure when you’ve got beforehand filed a declare for most cancers remedy with Aviva MyShield
-
Free protection for new child if each you and your companion are Aviva MyShield policyholders
-
Discounted premiums to your kids if each you and your companion are Aviva MyShield policyholders
Phrases and Situations
| Age Restrict | 75 years outdated |
|---|---|
| Coverage 12 months Restrict | S$500,000 – S$2,000,000 |
| Lifetime Restrict | No Restrict |
Hospital Ward Entitlement
| Public | As much as Class A |
|---|---|
| Personal | As much as Commonplace Room |
Further Advantages
| Coronavirus (COVID-19) Protection | |
|---|---|
| Put up-Hospitalisation Remedy | |
| Unintentional Inpatient Dental Remedy Profit | |
| Emergency Abroad Medical Remedy Profit | |
| Pre-Hospitalisation Remedy |
See all card particulars
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Picture by Bruno Glätsch from Pixabay
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