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Claim-based insurance: Policyholders get more control over how much they pay in premiums
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Some insurers have introduced claim-based policies.
ST PHOTO: DESMOND WEE
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SINGAPORE - Civil servant Germaine Wong spends about $10,000 a year on Integrated Shield Plan premiums for herself and five other members of her family.
Mrs Wong, 46, is pleased to have chosen Prudential because since 2017, when all her plans were converted into claim-based policies, she has been enjoying the 20 per cent no-claim discounts on her total premiums annually.
