Prudential Singapore, the only insurer with selected private hospitals on its panel, also has a “preferred” plan that provides coverage for panel private hospitals.
These are just the average costs derived from the fees charged by the six main medical insurers here. But inflation and the fact that companies are facing more claims as customers age mean these costs may increase in the near future.
Mr Alfred Chia, the chief executive of financial advisory firm SingCapital, says: “For those who want to enjoy comprehensive coverage, the total premiums from age 50 to 90 would easily cross $300,000 depending on the insurers.
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