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CI Changes

Critical Illness Definition Changes – Debunking Myth There is a significant impending industry change. As a practitioner, my duty is to keep you informed. Overall, what we notice is that the new definition has new exclusions added in, and this is from LIA themselves. I strongly urge you to read it so that there are …

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Solidarity Budget 2020: More support for workers during the Circuit Breaker phase

With the Unity Budget and Resilience Budget announced earlier this year, Deputy Prime Minister and Minister for Finance Heng Swee Keat had outlined support for workers to help them stay employed, particularly those in sectors affected by the COVID-19 situation. With the heightened measures during the Circuit Breaker period in April, businesses and workers are …

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Solidarity Budget 2020: Additional cash payments to help families get through Circuit Breaker phase

Unity Budget [announced 18 Feb 2020] Support for Families One-off cash payout from $100-$300, depending on income Additional $100 cash payout for each parent with a child below 21 $100 Grocery Voucher for Singaporeans in need $100 PAssion Card top-up for Singaporeans aged 50 years and above GST Voucher – U-Save for all Singaporean households …

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Support & Relief with COVID-19 Situation

The COVID-19 outbreak impacted our daily life. The government recently announced the supplementary resilience budget 2020, budgeted an extra $48 billion to support the economy. Much of this money will help those who have been retrenched or suffered income reduction. Here is a handy guide for financial assistance from the government, which lists down such …

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Budget 2020 – Summary

What are the key measures for workers, households, and businesses introduced under Budget and Resilience Budgets? Previous Next Previous Next Previous Next Previous Next Previous Next https://www.youtube.com/watch?v=cMdR-WxxLMY Source: https://www.singaporebudget.gov.sg/

New riders for integrated shield plans have to pay 5% of hospital bills

Proposed changes are targeted at integrated shield plans with full riders (i.e. allow hospitalization claims from the first dollar) Moving on, there will not be any more full riders offered. All new rides will require to copay at least 5% of their hospitalization bill but likely capped at a max of $3,000 per year if …

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