Income has withdrawn these 4 riders for new applications of Enhanced IncomeShield, IncomeShield and IncomeShield Standard Plan as of 1 March 2019 – Plus Rider, Assist Rider, Daily Cash Rider and Child Illness Rider.

Under the guidelines stipulated by the Ministry of Health (MOH), all Integrated Shield Plan (IP) insurers are to incorporate co-payment features in new IP riders. This is aligned with recommendations by the Health Insurance Task Force (HITF) to encourage all stakeholders to play a more active role in managing their medical care costs, and are part of collective efforts to ensure that medical care and health insurance remain accessible and sustainable in Singapore.

MOH has developed a Cancer Drug List (CDL) comprising clinically proven and more cost-effective cancer treatments. From 1 September 2022, MediShield Life (MSHL) and MediSave (MSV) will only cover treatments on the CDL. We have introduced a new Additional Cancer Drug Treatment benefit for your Plus Rider and Assist Rider from 1 April 2023 to supplement your coverage on outpatient cancer drug treatments.

Co-payment Co-payment

Policyholders will need to co-pay 5% of the benefits due under their policy. 

 

Co-payment capCo-payment cap

A co-payment cap of $3,000 each policy year will be applied if policyholders seek treatment from the insurer’s preferred healthcare providers or if the treatment has been pre-authorised. The co-payment cap will not be applicable to outpatient cancer drug treatments not on the CDL.

Plus, Assist, Daily Cash and Child Illness Riders

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With Plus Rider[1] you will have to make a co-payment of 5% of the benefits due under your policy, up to a co-payment limit of $3,000 for each policy year if the treatment is provided by our panel[2] or extended panel[3].

Receive extra coverage for outpatient cancer drug treatments listed on the Cancer Drug List[4] (CDL), as well as coverage for selected cancer drug treatments not listed on the CDL (non-CDL treatments[5]) with an additional cancer drug treatment benefit[4][5]. You may refer to the Policy Conditions for more details. 

With Assist Rider[1] you will have to make a co-payment of 10% of the benefits due under your policy, up to a co-payment limit of $3,000 for each policy year if the treatment is provided by our panel[2] or extended panel[3].

Receive extra coverage for outpatient cancer drug treatments listed on the Cancer Drug List[4] (CDL), as well as coverage for selected cancer drug treatments not listed on the CDL (non-CDL treatments[5]) with an additional cancer drug treatment benefit[4][5]. You may refer to the Policy Conditions for more details. 

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Policy conditions for Plus Rider

Policy conditions for Assist Rider

Policy conditions for Daily Cash Rider

Policy conditions for Child Illness Rider

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Footnotes

  1. Subject to precise terms, conditions and exclusions specified in the policy contract for Enhanced IncomeShield, IncomeShield Standard Plan, IncomeShield and riders.
  2. Panel or preferred partner means a registered medical practitioner, specialist, hospital or medical institution approved by us. The lists of approved panels and preferred partners, which we may update from time to time, can be found here. Our list of approved panels also includes restructured hospitals, community hospitals and voluntary welfare organisation (VWO) dialysis centres.
  3. Extended panel means a registered medical practitioner or specialist approved by us to provide coverage on the benefits for this rider. The registered medical practitioner or specialist must not be on Income’s panel or preferred partners lists and must meet other criteria including being on another Integrated Shield Plan provider’s panel listing. The approved extended panel list, which we may update from time to time, can be found here.
  4. The additional cancer drug treatment (CDL) benefit limit is based on a multiple of the MSHL Limit for cancer drug treatment, which currently ranges from $200 to $9,600 per month, depending on the cancer drug treatment. Refer to the Cancer Drug List (CDL) on the MOH website for the applicable MSHL Limit. MOH may update this list from time to time. The co-payment limit of $3,000 for each policy year applies for treatment provided by our panel or extended panel.
  5. The additional cancer drug treatment (Non-CDL) benefit only covers treatments under drug classes A to E according to LIA's Non-CDL Classification Framework. Refer to LIA's website for more details. The co-payment based on your rider will apply and it will not have any co-payment limit.

Exclusions

There are certain conditions where the benefits under the plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.

 

Important notes

Enhanced IncomeShield, IncomeShield Standard Plan and IncomeShield are available as a Medisave-approved Integrated Shield Plan for insured who is a Singapore Citizen or a Singapore Permanent Resident. This applies as long as the insured meets the eligibility conditions under MediShield Life. If the insured is a foreigner who has an eligible valid pass with a foreign identification number (FIN), Enhanced IncomeShield, IncomeShield Standard Plan and IncomeShield are not available as an Integrated Shield Plan.

This is for general information only. You can find the usual terms and conditions of these plans in their policy contracts. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance advisor. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. If you find that this plan is not suitable after purchasing it, you may terminate it within the free-look period, and obtain a refund of premiums paid.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Income or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg) 

Information is correct as at 01 April 2023.

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