What to consider when choosing a co-pay rider

Mr Andrew Yeo, general manager for life and health insurance at Income, says that apart from affordability, factors such as health risks, lifestyle needs and the desire to upgrade the rider in future should also be considered. Customers should look a
Customers should look at services for policyholders that are aimed at making the experience of being hospitalised less stressful, says the LIA.ST FILE PHOTO
Mr Andrew Yeo, general manager for life and health insurance at Income, says that apart from affordability, factors such as health risks, lifestyle needs and the desire to upgrade the rider in future should also be considered. Customers should look a
Mr Andrew Yeo, general manager for life and health insurance at Income, says that apart from affordability, factors such as health risks, lifestyle needs and the desire to upgrade the rider in future should also be considered.

Check on factors like health risks, coverage level and extra benefits; more is not necessarily better

Integrated Shield Plan (IP) insurers provide a variety of new riders, with some offering the lowest co-payment required by regulation while others require higher co-payments.

The Sunday Times highlights four tips on selecting a suitable co-pay rider.

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A version of this article appeared in the print edition of The Sunday Times on April 14, 2019, with the headline 'What to consider when choosing a co-pay rider'. Print Edition | Subscribe