With a new mouth to feed, what used to be sufficient insurance coverage may no longer be adequate.
To protect your family’s financial future, you need to increase your own and/or your spouse’s life insurance coverage to ensure that your family continues to be sufficiently insured in the event your ability to provide for them is unexpectedly curtailed.
To realise and plug major insurance gaps in your life, you should arrange for regular reviews with your financial advisor.
In addition, you may consider buying a more comprehensive private integrated policy (IP) to complement MediShield Life, a basic health plan your child is protected with from birth. With AIA HealthShield Gold Max, you can provide a holistic healthcare solution for your child at every stage of their recovery.
While MediShield Life covers large hospital bills, pegged at subsidised levels for those admitted in B2/C Class wards in public hospitals, AIA HealthShield Gold Max provides coverage for higher A/B1 Class wards and private hospitals.
You can also consider purchasing a life insurance and critical illness policy for your newborn, as he or she will unlikely have any pre-existing conditions, and premiums tend to be lower for the same level of coverage as an adult.
With comprehensive coverage, you will have peace of mind while your child grows up, and your child will enjoy coverage in their adulthood, regardless of any health conditions they may be diagnosed with or injuries they have growing up.
AIA Power Critical Cover is a critical illness insurance plan that provides broad coverage across 175 conditions, including 10 conditions under a Pre-Early Benefit, 150 multi-stage critical illnesses and 15 special conditions. You also retain peace of mind with a Power Reset Benefit that fully restores your coverage amount 12 months after the last claim, and a Power Relapse Benefit that provides coverage if you suffer a relapse for the same critical illness, once 24 months have passed from your last claim.
Additionally, you get to leverage on AIA’s suite of complementary healthcare solutions. This includes WhiteCoat, our exclusive telemedicine partner giving you on-demand access to Singapore-registered doctors via video consultations, and Medix, an exclusive Personal Medical Case Management solution providing personalised support from leading specialists globally to discuss your diagnoses and recommended treatment. Finally, AIA Vitality, our health and wellness programme aims to reward you for upkeeping a healthy and active lifestyle, in the believe that prevention is better than cure.