TM Protect 1 - Your Answer To More Eldershield Coverage

Many of my friends and clients have already topped up their Eldershield coverage the minute they turned 40 through Aviva's Mycare plan.

However, many still felt that the coverage wasn't sufficient with the inflationary pressures of old age in Singapore. So at long last, Tokio Marine Group has listened and came up with their version of long term care policy by launching TM Protect 1 on 10 January 2016 2017.

Some of the features of this plan are as follows:

• Pays out on 1 ADL (Activity of Daily Living) ~ Eldershield requires 3 ADLs before a payout
• TM Protect 1 allows you to choose between a  3 year or 6 years benefit payout. ~ Eldershield only has a 6 years payout.
• TM Protect 1 has monthly benefit payouts from $1000 to $5000 (this can definitely complement your Eldershield policy and keep abreast with the cost of living when you are old) ~ Eldershield has only a $400 monthly benefit payout program
• 1 time Get well benefit after full recovery from the ADL disability
• 1 time Death Benefit of $5000 if death occurs during policy period
• Caregiver paid a 1 month benefit payout (this is a ONE time payout) 30 days after assured is deemed to have the ADL disability.
• If assured is certified to have ADL due to Heart Attack or Stroke, there is a ONE lump sum payout of 200% monthly benefit

QBE Small Group Insurance for SME Group Size from 1 to 14

QBE has finally launched its small group insurance for SME companies from 1 to 14 staff! From the looks of it, this plan seems to be able to "overthrow" many of their competitors in this heavily competitive employee benefits industry. In a nutshell, here are some of the product features:

• Essential Plan (that is what it is called), is positioned as a low cost group medical plan
• 6 Room & Board options to chose
• No health declaration form required (trust me, this is a BIG plus in this day & age of compliance and forms filling!)
• Pre-existing health condition is permanently excluded (terms & conditions apply)
• Various riders to chose from : KCT (Kidney & Cancer Treatment), Outpatient Panel Clinic, Outpatient Specialist, Dental, Deductible options.  
• Premium is based on average age and group size
• Panel TCM consultations is part of its outpatient plan
• Minimum premium is $200 per policy excluding GST
• Dental benefits has more coverage and higher limits than other insurers
• Insurance coverage till 72 (ANB) ~ Most small group plans are up to 66 (ANB)
• MRI/CT Scan/PET Scans are included in Specialist treatments ( Many insurers exclude this)
• Deductibles can be applied to reduce premiums 

So take advantage of the group rates if you are an owner of an up and coming SME and contact us for the details!