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Actually, can I get insurance only for my child?

Actually, I'll get be retired very soon. Hence I'm thinking about my son. can I get insurance only for my child? So that my child could stay safe in his future life.

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    So-called “child-only” plans are health insurance policies in which no parent or guardian is covered and the policyholder is age 18 or younger ...However, the concern that parents could delay purchasing coverage for children until they got sick led some health insurance companies to stop offering child-only plans.

    2019.08.01 18:0

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    I have been ill for the past weeks

    Singapore has a lot of insurance companies. Any insurance companies offer a variety of healthcare coverage plans that can range from outpatient treatment to disability coverage. With the government helping to take care of citizens large hospital bills, employers actively try to cover their employees' outpatient care and smaller bills.

    Can my doctor charge me for co-pay even if I've already reached my out-of-money maximum?

    If your insurance company tells you that you are not required to pay for co-pay then it just means that you are not required to. You should try telling the doctor's billing department because in most cases, the doctor's are not informed about this. Once you've consulted with the billing department they should reinburse the money that you've used.

    An insurance card that can be used in emergencies

    Emergency preparedness is one of the covers of insurance cards. It is part of insurance card so that it can be accessed quickly by the user. Many health providers include emergency preparedness insurance to their cards so there will really be no problem on what card to choose. The only thing needed to be considered is the other benefits included together with the emergency preparedness insurance.

    Would there be a possibility that I may be convicted and sentenced to jail if I was to fail paying my Insurance?

    No there is no possible outcome that the insurance company will or will be able to give you such a punishment as that that insurance companies are not given that form of power especially in issuing such moves such as sueing an individual for the inability of payment but the insurance agreement that was agreed upon maybe voided if not enough funds are present in the account of the client

    What auto insurance will reassure me that my family will be able to use the money I saved in case I died unexpectedly?

    Be reassured with the insurance that you have by making sure that you read the contract thoroughly. There are ways where life insurance is not applicable or will not cover the death. First, is when the cause of death is suicide. It will also not cover when there are health-related issue to the death nor when illegal activities where done. There are some cases wherein the insurance will not be applied because it is outside the country. When a person also died because of armed conflict. Always make sure that you read what you have signed because we do not want every effort will not pay off.

    Is my kid eligible to get an insurance?

    Getting insurance is a safe way to save up money for the later use if ever someone is sick or something happened unexpectedly and needs to pay some bills. Some people ask if even kids get insurance. First, children qualify for full insurance coverage without exclusions. Insurers don’t cover ailments or conditions you have before you buy their plans. Second, premiums will be very cheap because children with clean bills of health are considered low risk cases from the insurer’s point of view. From here, insurance premiums can only go up

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    OCBC's debt consolidation loans charge slightly higher interest rates compared to those of other lenders in Singapore. For this reason, the bank's product is not the most affordable. On the other hand, individuals who are unable to obtain the most affordable debt consolidation loan offers could consider applying for OCBC's Debt Consolidation Plan as a backup option. Unlike its competitors, OCBC does not charge a processing fee and it does not list rates "from X%", which suggests that its rates are more transparent and accessible. Another drawback of OCBC's debt consolidation loans is that they are only offered for tenures of 3 to 8 years, which is restrictive for individuals that would prefer a longer or shorter term debt consolidation plan.

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    Low interest rates and awesome cash rebates

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    UOB's debt consolidation plan is an effective yet expensive alternative to other plans

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    UOB's debt consolidation plan is best viewed as an expensive alternative to other plans because the bank advertises interest rates that are higher than those of its competitors. Borrowers that have not previously used UOB's services are however eligible for slightly better rates but it is unclear what rates these borrowers will receive in due to the vague wording on the UOB's website

    HSBC stands out as one of a few lenders that provides details regarding its interest rates

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    HSBC offers the lowest guaranteed flat and effective interest rates for debt consolidation loans in Singapore. Additionally, it is currently waiving its application fee for online applicants, which is normally S$88 or 1% of the loan amount. While other lenders advertise lower rates than HSBC, they use vague language such as "as low as" that indicates that borrowers may actually be offered substantially higher rates. For this reason, HSBC stands out as one of a few lenders that provides details regarding its interest rates. Additionally, it offers the lowest rates among banks that guarantee interest rates published online.

    Offering material savings for those with a significant amount of debt.

    DBS Debt Consolidation Plan / DBS Bank

    POSB and DBS are offering the most significant promotional deal for debt consolidation loans. This promotion provides a cashback of 3% of the approved loan amount to borrowers. This can result in material savings, especially for those with a significant amount of debt. While the banks charges S$99 for processing fee, it is rather insignificant for applicants that receive the cashback promotion. Additionally POSB and DBS advertise flat interest rates as low as 3.98% (7.23% EIR). These rates are among the lowest available in our review of debt consolidation plans in Singapore however, they are not guaranteed.

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