Company’s limited insurance coverage
Employers in Singapore typically offer a range of insurance benefits to expats, including health, life and sometimes disability coverage. While these benefits do provide a level of protection, it may not be sufficient, especially considering the high medical costs in Singapore. Without additional health insurance to supplement the company’s coverage, you could find yourself in a challenging situation, having to dip into your own savings to cover out-of-pocket expenses.
It is crucial for you to recognise the potential gaps in your employer-provided insurance and consider acquiring a personal health insurance plan such as PRUShield to ensure comprehensive coverage for your healthcare needs, including pre- and post-hospitalisation benefits, a high annual coverage of up to S$2 million for medical treatment1, and access to a wide choice of hospitals and specialists. With Prudential’s suite of PRUShield and supplementary plans, you can trust Prudential to offer tailored insurance solutions that fill those gaps, providing peace of mind and financial security for you and your loved ones.
Lifetime guaranteed renewability of plan
Assessing your individual insurance needs is essential for making sure you have adequate protection. While company-provided insurance is a valuable starting point, it ends with your employment to the company. For continuous2 protection, especially when unemployed or after retirement, a personal health insurance ensures you are always covered. PRUShield offers lifetime guaranteed renewability, providing peace of mind for the long term as you are assured of coverage regardless of circumstances.
Better healthcare experience
Smooth hospitalisation with value-added services including preferential health screening and vaccination rates and Chronic Care management are one of the significant advantages of personal health insurance plans. While companies now allow their employees to customise their insurance plans, a personal health insurance still offers greater flexibility and customisation options.
Whether you need to adjust coverage levels, add a supplementary coverage or choose your preferred hospital, ward classes and doctor, PRUShield gives you the option to create a plan that fits your needs well. This ensures that you are not paying for coverage you do not need while also providing adequate protection for the areas that matter most to you.
Enhance financial security amidst rising healthcare cost:
By providing protection against unforeseen events, such as accidents, illnesses or disability, health insurance plans help safeguard your savings, investments, and future financial stability. Singapore’s healthcare costs are increasing and relying solely on your company’s health insurance might lead to significant out-of-pocket expenses should the unexpected happens. Supplementary plans of PRUShield minimise these costs by offering stop-loss benefits3, capping out-of-pocket expenses at S$3,000 per policy year, ensuring financial security for you and your loved ones.
Long-term planning and peace of mind
Health insurance is not just about immediate protection; it is also about long-term financial planning and peace of mind. Enjoy no medical underwriting4 for any new plan purchase at significant life events with PRUShield. Whether you are starting a family, buying a home, or planning for retirement, having such a health insurance coverage makes sure you are prepared for life’s milestones and transitions in Singapore. As an expat, you can benefit and rest assure in knowing that you are also covered from emergency medical treatment outside Singapore and any planned overseas medical treatments, giving you the confidence to pursue your goals in Singapore and enjoy peace of mind along the way.
Expats in Singapore must recognise the importance of personal insurance alongside company-provided coverage. While employer benefits are undoubtedly valuable, they may only cover part of your needs. By evaluating your insurance needs comprehensively and considering a personal health insurance for expats in Singapore, you can ensure you have adequate protection during your stay in Singapore.
