Hospital

AIA Hospital Income: Your Financial Safety Net During Hospital Stays

Have you ever wondered how you'd manage unexpected expenses if you were hospitalized? Even with a comprehensive health insurance plan, there are often hidden costs that can add up quickly. That's where AIA Hospital Income comes in - an affordable complement to your existing health coverage that provides daily cash benefits during your hospital stay . Let's dive deep into what this plan offers and how it can provide you with peace of mind.

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What is AIA Hospital Income?

AIA Hospital Income is a specialized insurance plan designed to provide financial support during hospitalization. It offers a daily cash allowance that you can use for any purpose - whether it's to cover additional medical expenses, alternative therapies, or even to replace lost income while you're away from work. The key feature of this plan is its flexibility; you decide how to use the money based on your specific needs.

Key Features of AIA Hospital Income

Daily Cash Benefit

Receive a fixed amount every day you're hospitalized, ranging from S$100 to S$300 per day, depending on your chosen plan.

Intensive Care Unit (ICU) Coverage

If you need intensive care, your daily benefit triples , providing up to S$750 per day.

Get Well Benefit

A lump sum payment (S$200 to S$400) to help with your recovery after discharge.

Post-hospitalization Home Rest Benefit

Continue receiving daily benefits (S$50 to S$150) for up to 5 days after you return home.

Day Surgery Income Benefit

Even if you don't stay overnight, you're covered for day surgeries with a one-time payment of S$200 to S$500.

Affordable Premiums

Starting from less than S$0.85 per day for comprehensive coverage.

AIA Vitality Integration

Potential premium discounts of up to 15% as you improve your health.

Real premiums suggested for AIA Hospital Income

25, Female making $5,091.667 a month

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How Much Coverage Do You Get?

AIA Hospital Income offers three plans with increasing levels of coverage:

Plan 1

  • Daily Hospital Income: S$100/day

  • ICU Income: S$300/day

  • Get Well Benefit: S$200

  • Post-hospitalization Home Rest: S$50/day

  • Day Surgery Income: S$200

Plan 2

  • Daily Hospital Income: S$200/day

  • ICU Income: S$450/day

  • Get Well Benefit: S$300

  • Post-hospitalization Home Rest: S$100/day

  • Day Surgery Income: S$350

Plan 3

  • Daily Hospital Income: S$300/day

  • ICU Income: S$750/day

  • Get Well Benefit: S$400

  • Post-hospitalization Home Rest: S$150/day

  • Day Surgery Income: S$500

How Much Does It Cost?

The annual premium for AIA Hospital Income depends on your age and the plan you choose. Here's a breakdown of the costs (including 8% GST):

It's important to note that these premium rates are not guaranteed and may change over time.

Age GroupAnnual Premium Range
Ages 1 to 30S$306.84 to S$708.56
Ages 31 to 40S$317.94 to S$731.77
Ages 41 to 50S$354.28 to S$809.49
Ages 51 to 55S$396.67 to S$924.56
Ages 56 to 60S$537.98 to S$1,280.85
Ages 61 to 65S$830.69 to S$2,014.65
Ages 66 to 70S$1,027.51 to S$2,529.42
Ages 71 to 73S$1,332.33 to S$3,285.42
Ages 74 to 75S$1,614.95 to S$3,964.71
Ages 76 to 81 (renewal only)S$2,135.77 to S$5,162.80
Ages 82 to 84 (renewal only)S$2,795.88 to S$6,760.59

Special Discount for AIA HealthShield Gold Max Policyholders

If you're already covered under the AIA HealthShield Gold Max plan, you're in luck! You can enjoy a 20% discount on your AIA Hospital Income premiums . This makes the plan even more affordable for those who already trust AIA with their health insurance needs.

AIA Vitality: Rewarding Healthier Choices

This integration not only helps you save money but also encourages you to take proactive steps towards better health, potentially reducing your risk of hospitalization in the first place.

  • Join AIA Vitality: When you sign up for AIA Hospital Income, you can also join the AIA Vitality program.

  • Improve Your Health: AIA Vitality provides tools and benefits to help you make healthier choices in your daily life.

  • Earn Vitality Status: As you engage in healthy activities, you earn points and improve your Vitality status.

  • Get Discounts: The higher your Vitality status, the more you save on your AIA Hospital Income premiums - up to 15% off!

Real-Life Scenarios

Scenario 1: Minor Surgery

John, age 35, needs to undergo a day surgery for a minor procedure. With Plan 2, he receives: Day Surgery Income Benefit: S$350. This helps cover his transport costs and a day's lost wages.

Scenario 2: Accident Requiring ICU Stay

Sarah, age 45, is involved in a car accident and spends 3 days in ICU, followed by 7 days in a regular ward. With Plan 3, she receives: ICU Income (3 days): S$2,250, Daily Hospital Income (7 days): S$2,100, Get Well Benefit: S$400, Post-hospitalization Home Rest (5 days): S$750. Total Benefit: S$5,500 . This substantial sum helps Sarah focus on her recovery without worrying about financial strain.

Scenario 3: Chronic Illness Management

Tom, age 60, has diabetes and requires periodic hospital stays for management. During a 5-day stay, with Plan 1, he receives: Daily Hospital Income (5 days): S$500, Get Well Benefit: S$200, Post-hospitalization Home Rest (5 days): S$250. Total Benefit: S$950. This extra cash helps Tom cover his additional medical supplies and follow-up appointments.

Pros and Cons

Pros

  • Flexible cash benefit you can use as needed

  • Covers both long hospital stays and day surgeries

  • Additional benefits for ICU stays and post-hospitalization recovery

  • Affordable premiums, especially for younger age groups

  • Potential for premium discounts through AIA Vitality

  • No medical check-up required for application

Cons

  • Premiums increase significantly with age

  • Coverage amount may not be sufficient for very long hospital stays

  • Premium rates are not guaranteed and may increase over time

Frequently Asked Questions

Is there a waiting period before I can claim?

Check with AIA for any waiting periods that may apply, especially for pre-existing conditions.

Can I upgrade my plan later?

Typically, you can upgrade your plan at policy renewal, subject to underwriting.

Are there any exclusions?

Like most insurance policies, there will be certain exclusions. Always read the policy contract carefully.

How do I make a claim?

Contact AIA as soon as possible after your hospitalization. They will guide you through the claim process.

Can I buy this plan if I already have other health insurance?

Yes, AIA Hospital Income is designed to complement your existing health insurance coverage.

Conclusion

AIA Hospital Income offers a simple yet effective way to provide additional financial support during hospital stays. Its flexible cash benefit allows you to focus on recovery without worrying about extra expenses or lost income . With its integration with AIA Vitality, it also encourages and rewards healthier living, potentially reducing your risk of hospitalization in the first place.

However, as with any insurance decision, it's crucial to carefully consider your personal needs, existing coverage, and financial situation. While AIA Hospital Income can provide valuable support, it's not a replacement for comprehensive health insurance.

Ready to explore your options further? Don't rely on just one perspective. Get expert insights tailored to your unique needs. Sign up now to receive 5 expert opinions on hospital income insurance. These professionals will review your specific situation and provide personalized recommendations, helping you make the most informed decision possible.

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