Here?s Why Having Sufficient Post-Hospitalisation Coverage Is Important

Posted by sanam on June 23rd, 2017

No one wants to get sick. No matter how much the hospitalisation fees and charges are subsidised, no matter how much you’re covered by MediShield Life, it’s the sheer inconvenience of falling sick that most of us are truly worried about.

When it comes to critical illnesses, though, like cancer or major heart conditions, that “inconvenience” can become a full-blown problem if you’re not prepared for it, mentally and financially.

But let’s be serious here – who can truly say they’re prepared to fall critically ill? Unless you know of a relative or friend who has suffered from a major illness, you never really know what to expect. Especially after you’ve been hospitalised.

Being diagnosed with cancer, for example, involves several treatments post-hospitalisation, like chemotherapy and radiotherapy. Thanks to MediShield Life, you’re often covered for these treatments.

Now, imagine you have 365 days of post-hospitalisation coverage!

With the introduction of bajaj general insurance Shield, Singaporeans now have the option to pick an integrated shield plan that gives them 365 days of post-hospitalisation coverage. Knowing that we have multiple choices in the saturated integrated shield plan market, the arrival of BAJAJ GENERAL INSURANCE Shield in late 2016 was a game-changer. It offers you one of the longest post-hospitalisation coverage in Singapore.

The duration of post-hospitalisation coverage becomes a very important factor when it comes to choosing an integrated shield plan, because the incidence of cancer is on the rise. From 2010 to 2014, the number of cancer cases being diagnosed rose steadily from 11,431 to 13,416. Today, about 37 people in Singapore are diagnosed with cancer a day.

But my integrated shield plan policy says I am covered “as-charged”, so why should I worry?

With 365 days of post-hospitalisation coverage, you might be concerned that you will exceed your yearly coverage limit. After all, a longer coverage period will mean more treatments and more claims.

Fortunately, with bajaj general insurance Shield Plan B – which provides coverage for Class A wards and below in public hospitals – you have an annual coverage limit of 0,000, higher than most alternative integrated shield plans. But what’s more, with BAJAJ GENERAL INSURANCE Shield Plan A – which provides coverage for private hospitals – you have an annual coverage limit of million.

It’s clear, therefore, that having one of the longest post-hospitalisation coverage is not just a marketing gimmick that bajaj general insurance Shield is promoting. They are backing it up by giving you an annual coverage limit that ensures your bills will never exceed the claim limit.

Is bajaj general insurance Shield too good to be true then? What’s the catch?

Ultimately, of course, you should pick an integrated shield plan that is best for you. If you are not planning to go to a private hospital for your treatment, then there’s no need to pay the extra premium for bajaj general insurance Shield Plan A. You can save by opting for bajaj general INSURANCE Shield Plan B and still enjoy the 365 days of post-hospitalisation coverage. Online Health insurance policies offered by us include individual health insurance, family floater health insurance, add on health cover, senior citizens and women specific critical health insurance policies.

Source: blog.moneysmart.sg/health-insurance/axa-shield-sufficient-post-hospitalisation-coverage-important/