Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
May be useful for some buddies here. I am lucky that my kid doesn't need it, at least so far...
First insurance plan for children and young people with autism here launched
SINGAPORE - NTUC Income launched Singapore's first insurance plan for children and young people with autism today.
The plan - SpecialCare (Autism), provides coverage for medical expenses due to accidents and infectious diseases, including outpatient and hospitalisation expenses, daily hospital income, personal liability and death and disability due to accidents.
On top of that, additional benefits - that most insurance plans do not cover - such as reimbursement for mobility aids, psychiatric treatment and physiotherapy and others are also included.
A collaboration between NTUC Income and Autism Resource Centre (Singapore) [ACR(S)], the plan is open to those with autism that are between 15 days old and 30 years old.
Currently, there are two plans under SpecialCare (Autism), with yearly premiums of S$198 and S$352 a year. Both plans have a lifetime limit of S$100,000 and S$150,000 respectively.
http://www.todayonline.com/singapore/fir...e-launched
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
Further update on the new insurance plan...
First autism insurance scheme sees ‘solid’ start
SINGAPORE — The first insurance scheme here designed for children and young adults with autism has seen some 50 applications since its launch last week, as well as sparked calls urging insurers to consider schemes for those with mental illnesses, other intellectual disabilities and epilepsy.
NTUC Income, which rolled out the SpecialCare (Autism) scheme in collaboration with the Autism Resource Centre, called the number “a solid start” and said the scheme paved the way for “explor(ing) solutions for the special needs community”.
Other insurance companies that TODAY contacted, however, gave no indication of plans to roll out similar policies.
http://www.todayonline.com/singapore/fir...olid-start
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Posts: 2,744
Threads: 23
Joined: Mar 2013
Reputation:
25
NTUC Income, another co-op that lost their way.
Hope their Board should implement double bottomline - profits AND social impact.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Posts: 322
Threads: 1
Joined: Mar 2013
Reputation:
3
Insurance requires sufficient mass to pool enough premiums to be beneficial to all its stakeholders. It is early days to see if this is a feasible insurance.
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
Financial literacy level is pathetic in Singapore. More effort needed to promote it. Education should be a long term business, as “百年树人“ (it takes hundred years to educate a generation).
More than half of S’poreans not sufficiently insured: Survey
SINGAPORE — More than half of Singaporeans do not have enough insurance and a third do not know they are covered by Medishield.
These are preliminary findings from a recent survey by national financial education programme MoneySENSE, involving 2,000 Singaporeans from April to October 2013.
Speaking yesterday afternoon (Oct 19), Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam said financial education will be expanded to cover Singaporeans of all ages and income groups in the years ahead.
He said: “It will not be something we do just for one or two years, this is work we’ll have to do on and on and on.”
...
http://www.todayonline.com/singapore/mor...red-survey
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Posts: 1,045
Threads: 5
Joined: Nov 2012
Reputation:
6
Who is to assess that they are under insured?
I am only having $200,000 of life insurance, and $100,000 of CI cover. Am I under insured?
Posts: 3,474
Threads: 95
Joined: Jul 2011
Reputation:
17
(20-10-2013, 12:20 PM)NTL Wrote: Who is to assess that they are under insured?
I am only having $200,000 of life insurance, and $100,000 of CI cover. Am I under insured?
Wah!
You so much better insured than me leh. i only have 50k and no CI cover at the age of 40 till now. Thanks to God. Actually i can't afford; insurance at age of 40 is always very expensive than at 25.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Posts: 1,045
Threads: 5
Joined: Nov 2012
Reputation:
6
So I have enough? 
Posts: 402
Threads: 2
Joined: Mar 2011
Reputation:
5
NTL,
If I insurance agent, of course it's not enough!
It's very easy to come up with "surveys" and "statistics" to show how long $200,000 will last your dependents - based on today's high living costs.
Throw in inflation scare tactics, opps I mean statistics, $1 million also not enough!
We have to work till 75 or more!
Ah ber then? Blame medical technology lor!
Once upon a time, we were "supposed" to retire at 55 and knock-off by our late 60s...
We living longer is messing up those projections made 30 years ago 
Just google singapore man of leisure
Posts: 1,733
Threads: 21
Joined: Sep 2010
Reputation:
31
(20-10-2013, 01:19 PM)NTL Wrote: So I have enough?
1. If you are disabled today, are there enough money to take care of yourself and for your family to go on as per normal?
2. If you are dead by today, are there enough money to settle all liabilities and for your family to go on as per normal?
|
Homepage
PR Newswire
