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Enhanced Aviva MyShield

Good news to MyShield policyholders and people considering to take up MyShield – Aviva has recently enhanced MyShield, their integrated Medishield policy designed to insure against healthcare costs in Singapore. Even better news would be that these improvements in benefits do not come with any increases in premiums.

Here are the notable enhanced benefits:

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No Trouble Until Claim? Smear Tactics Employed by Unethical Agents

In my line, I have always heard horror stories and unbelievable anecdotes of how some agents go all out to make a sale. Some of these are rather complex and difficult to describe to people outside of the industry, but the following is something that is easily shared.

NTUC Income has some pretty good insurance policies that are also cost-effective. Tied agents of other companies usually feel hard pressed to compete with these policies. I have faced this previously, and while I eventually decided to offer my clients better value by crossing to an IFA, other agents have come up with “creative” smear tactics to discredit their competitors, like branding NTUC as – “No Trouble Until Claim”, a play on the abbreviation.

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Helping Yourself Where Politicians Can’t or Won’t – Healthcare

New Minister for Health Gan Kim Yong

It has been weeks since Polling Day and the dust from Singapore’s latest General Election has settled, but local issues and national concerns naturally do not change overnight.

Healthcare remains a pressing issue for many Singaporeans who are facing the brunt of the high costs of healthcare. All you have to do is to browse a few local sociopolitical websites and you can read articles about high costs of healthcare or the inefficiencies of subsidised healthcare, and many accompanying comments, often bitter and sarcastically referencing outgoing Minister for Health Khaw Boon Wan’s $8 out-of-pocket surgical expenses.

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Are You Going to Burn $30,000 on Medical Insurance?

What is your answer to the question I pose to you in the title? It is the one burning question (pun intended) a person should ask him/herself before committing to a Shield policy.

Does this mean I am against hospitalisation Shield policies? If you have been following my blog from my regrettable experience with my dad to the example of our Health Minister’s surgery, it is clear that I am a strong proponent of such medical insurance. So what do I mean by “burning $30,000 on medical insurance”?

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