International Health Insurance

FAQs on International Health Insurance

General & Eligibility

  • Is the annual premium fixed?
  • The annual premium is fixed based on the age of the person and increases as the Insured person ages. However, there may be premium variations based on certain factors. These factors can include adjustments for medical inflation, claim profile (for individually rated plans) or due to changes made at the time of renewal.

  • Are there any entry and renewal age limits?
  • Yes, there are entry and renewal age limits which can vary from insurer to insurer. Kindly refer to the policy wording to take note of the same.

  • Does my whole family need to be insured at one insurance company?
  • It is possible to have for every person a different policy and also at a different insurance company. In some cases, for the male one policy might work better and for the female, another insurance company might offer better benefits such as the maternity package in their policy.

  • I have an existing illness; will the insurer still accept me?
  • You will need to declare this information to the insurer, in some cases your existing illness would not be covered if there is a continuing need for treatment or would be covered after a waiting period. Please check out specific terms in the policy wording.

  • Is a medical check necessary before approval of my policy?
  • For most insurers, it is sufficient to give details of your medical history on your application form.

  • Is there a waiting period applicable?
  • There may be waiting periods for certain benefits under the plan. Examples of these may include pre-existing conditions, maternity benefits, inpatient psychiatric treatment etc. Kindly review your policy schedule and take note of this.

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Cover and Benefits

  • Can I get cover anywhere in the world with International Health Insurance?
  • Most insurance companies provide an option between ‘Worldwide’ and ‘Worldwide excluding USA’ whereas some may exclude USA altogether. The premiums would vary accordingly. Kindly take a look at the exclusions to see if there are any other countries specifically excluded.

  • I want to cover my family. Do I need to make a separate application for each person?
  • You can include your family under the same application as yourself.

  • How long will it be before I am covered?
  • When your application is approved by the insurance company and you have accepted the underwriting terms if any and paid the premiums you will be covered.

  • Could the insurer penalise me should I have high claims during a policy year?
  • In the case of community rated plans, additional premiums would not be charged upon renewal even if claims are high. However, where the insured persons are rated individually, the renewal premium may vary. Therefore, kindly take note of how the plans are rated.

  • What is Co-Insurance?
  • This is the percentage you can select when you fine-tune your policy. It is the percentage of costs of a covered health care service you pay yourself (for example 20%) after you've paid your deductible (if you have selected that). The remainder will be paid by the insurance company (80% in this example).

  • What is a Deductible?
  • This is the amount that you pay for covered health care services before your insurance plan starts to pay. If you have opted for a S$5,000 deductible, you have to pay the first S$5,000 of covered services yourself if the service goes over the S$5,000 limit then the insurance company pays the remainder. On Insurance Market, you can select the amount of Deductible. Do take note that the amounts change per insurance company. 

    If you also have opted for co-insurance, then you pay after your deductible the percentage co-insurance for the covered services.

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