Singlife launches Singlife Shield Starter, Singlife Health Starter Plus

Customers can add the S$1 rider to their base plan to reduce mandatory co-payments.

Singlife has launched Singlife Shield Starter and Singlife Health Starter Plus that offers more affordable medical access for an annual premium of S$300.

Singlife Shield Starter provides a basic coverage of up to S$20,000 per policy year, eligible across a network of 500 medical providers and private hospitals.

Customers can also opt to add the S$1 rider to their Singlife Shield Starter base plan to enjoy a substantial reduction in mandatory co-payments, paying only 5% of their hospital bills, Singlife said.

Premiums are payable through MediSave.

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Upon reaching the age of 40, policyholders enrolled in the Singlife Shield Starter and Health Plus Starter plans will be guaranteed a seamless transition to Singlife Shield Plan 2, which offers coverage of up to S$1m, along with Singlife Health Plus Public Prime. This transition requires no further underwriting or additional medical check-ups, the insurer said.

To celebrate the launch, from 19 July to 31 October 2023, individuals signing up for Singlife Shield Starter and Health Plus Starter can enjoy a waiver of GST and net premiums of only S$1 and S$300 on their first year of premiums, respectively.

Policy applications received after 31 October will be subject to GST.

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