Hospital (ISP) Insurance in Singapore: Your Comprehensive Guide for 2024

How Hospital (ISP) Insurance Works in Singapore

Benefits of Hospital (ISP) Insurance in Singapore

• Enhanced Coverage : Higher claim limits compared to basic MediShield Life

• Access to Private Hospitals : Option to receive treatment in private healthcare facilities

• Pre and Post-Hospitalization Coverage : Expenses before and after hospitalization are often included

• Reduced Out-of-Pocket Expenses : Lower co-payment and deductible options available

• Customizable Plans : Options to add riders for critical illness or maternity coverage

• Seamless Integration : Works in conjunction with MediShield Life for comprehensive protection

• Tax Benefits : Premiums can be paid using Medisave, subject to withdrawal limits

• Lifetime Coverage : Many plans offer coverage for life, ensuring long-term protection

12 Best Health Insurance Policies in Singapore 2024

• GE SupremeHealth P Plus

  GREAT SupremeHealth offers comprehensive coverage by reimbursing hospitalisation expenses and providing pre-hospital specialist consultation and post-hospitalisation treatment benefits for up to 120 days before and 365 days after hospitalisation.

  • Comprehensive hospitalisation coverage

  • Extended pre and post-hospitalization benefits

  • Coverage for breast reconstruction and childbirth complications

• Income Enhanced Incomeshield

  Coverage with no lifetime limit, providing lifelong protection and reducing financial stress on loved ones if something unforeseen happens.

  • No lifetime limit coverage

  • As charged coverage for selected benefits

  • Letter of Guarantee to waive hospital deposits

• AIA Healthshield Gold Max

  AIA HealthShield Gold Max offers the highest annual claim limit of up to $2 million, providing substantial financial protection for medical expenses.

  • Highest annual claim limit of $2 million

  • Longest pre- and post-hospitalization coverage

  • Extra coverage for critical illnesses

• PRUShield

  PRUShield offers high annual coverage of up to S$1.2 million for medical treatment, providing comprehensive financial protection against large hospital bills.

  • High annual coverage up to S$1.2 million

  • Shortest claims processing time in the industry

  • Extensive pre and post-hospitalization coverage

• HSBC Life Shield

  HSBC Life Shield offers comprehensive coverage with high annual claim limits of up to $2,500,000 for private hospital plans.

  • High annual claim limits up to $2,500,000

  • Extensive pre and post-hospitalization coverage

  • Best value for money among private hospital plans

• PruExtra

  Covers medical expenses at all Singapore private hospitals, providing comprehensive coverage for healthcare needs.

  • Coverage for all Singapore private hospitals

  • Limited out-of-pocket expenses with Panel providers

  • Access to PRUPanel Connect

• AXA basic care

  AXA Shield offers one of the longest post-hospitalization coverage periods in the market at 365 days, ensuring comprehensive protection for a full year after hospital discharge.

  • Long post-hospitalization coverage of 365 days

  • High annual coverage limits up to S$1 million

  • Flexible options with three plans and complementary riders

• Singlife Shield

  Singlife Shield offers a high annual coverage limit of S$2,000,000 for inpatient hospital treatments, including pre- and post-hospitalization coverage of up to 180 days and 365 days respectively.

  • High annual coverage limit of S$2,000,000

  • Extensive pre and post-hospitalization coverage

  • As-charged coverage for outpatient cancer drug treatments

• AIA Hospital Income

  AIA Hospital Income provides a daily cash allowance during hospitalization and recovery to cover unexpected extra costs.

  • Daily cash allowance during hospitalization

  • Additional benefits like ICU Income and Get Well Benefit

  • Premium discounts with AIA Vitality status improvement

• GREAT Prestige Global Health Options

  Comprehensive worldwide coverage for inpatient, daypatient and accommodation costs, as well as cancer, mental health care and more.

  • Comprehensive worldwide coverage

  • Access to global network of high-quality hospitals

  • Customizable coverage with optional benefits

• GREAT Hospital Cash

  Receive up to S$600 per day when hospitalized for 12 hours or longer, with an additional payout of up to S$1,200 per day if warded in the Intensive Care Unit.

  • Daily hospital cash benefit up to S$600

  • Additional ICU payout up to S$1,200 per day

  • 5% premium discount on renewal from second year

• Singlife Health Plus

  Singlife Shield offers a high annual coverage limit of S$2,000,000, providing comprehensive protection against large hospital bills.

  • High annual coverage limit of S$2,000,000

  • As-charged coverage for inpatient hospital treatments

  • Lump-sum payout for critical illnesses

How to Choose the Best Hospital (ISP) Insurance Plan in Singapore

• Assess Your Healthcare Needs : Consider your health condition, family history, and lifestyle

• Compare Coverage Limits : Look at annual and lifetime claim limits across different plans

• Evaluate Hospital Options : Decide if you need access to private hospitals or are content with public facilities

• Check Pre-Existing Condition Coverage : Some insurers offer coverage for pre-existing conditions after a waiting period

• Consider Rider Options : Evaluate additional coverage like critical illness or maternity riders

• Review Premium Affordability : Ensure the premiums are sustainable in the long term, considering age-based increases

• Analyze Claim Process : Look for insurers with efficient and hassle-free claim procedures

• Check Insurer's Reputation : Research customer reviews and claim settlement ratios

• Understand Policy Exclusions : Be aware of what is not covered under the policy

• Seek Professional Advice : Consult with a licensed financial advisor for personalized recommendations

Types of Hospital (ISP) Insurance Available in Singapore

• Basic Hospital (ISP) Plans : Cover B1 and A ward classes in public hospitals

• Private Hospital (ISP) Plans : Provide coverage for private hospitals and A class wards in public hospitals

• Standard IP Plans : Offer standardized benefits across insurers, designed for easy comparison

• As-Charged Plans : Cover actual hospital charges, subject to policy limits

• Rider Plans : Additional coverage options that can be added to the base Hospital (ISP) plan

Hospital (ISP) Insurance for Different Life Stages in Singapore