Your premiums are used to pay for commissions, and other expenses involved in administering your policy*. 

 

  2019 2022
Claims 84% 82%
Commissions and distribution 7% 6%
Management expenses 9% 9%

 

The cost of claims would change depending on the claim size and number of claims submitted by policyholders. In the past 3 years, the average bill size has increased by 5%** and 21%** in the public and private healthcare institutions, respectively. The number of claims submitted per policyholder has also increased by 7%**. 

My age (as of next birthday):

years old

My nationality:

I am covered under:

with

Policy Renewal Date

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You may refer to MOH’s website for a comparison of Integrated Shield Plans (IPs) across all insurers, including the estimated premiums you have to pay for an IP over your lifetime.

Or view the premium changes via the links below

 

Enhanced IncomeShield (Singaporeans & PRs)

Enhanced IncomeShield (Foreigners)

IncomeShield Standard Plan (Singaporeans & PRs)

IncomeShield Standard Plan (Foreigners)

IncomeShield (Singaporeans & PRs)

IncomeShield (Foreigners)

SG: Singapore Citizen; PR: Singapore Permanent Resident; FR: Foreigner

 

* Based on all-long term accident and health plans, including IP and riders. All figures are net figures.

** Reflects the change over 3 years from 2019 to 2022.

 

1 There is no maximum entry age for IncomeShield Standard Plan. The last entry age is 75 (insured’s age at next birthday) for all other IncomeShield Plans and riders attachable to IncomeShield Standard Plan.

The above premium rates are inclusive of GST (based on 9% GST for 2024) unless otherwise stated in our letter to the policyholder. Premiums can be paid by cash, cheque, credit card or GIRO only. Yearly premiums are based on the insured's age at next birthday, and will increase when the insured reaches the next age band. Premium rates are non-guaranteed and may be reviewed from time to time. This premium change calculator is for general information only. The calculator projects the premium amount you may require to pay based on the assumptions you selected. Income does not assume liability for your reliance on the calculator. 

Information is correct as at 02 April 2024.

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