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Insurers say ending full riders will reduce need for significant premium increases
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A spokesman for Aviva said that it is too early to comment on the possible impact of the move but it "welcomes this as part of the efforts to overcome escalating healthcare costs".
ST PHOTO: BENJAMIN SEETOR
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Singapore - The Life Insurance Association of Singapore (LIA) has welcomed the move by the Ministry of Health (MOH) to disallow further sale of full riders for Integrated Shield Plans (IPs).
In a statement on Wednesday (March 7), the LIA, which represents all six insurers offering IPs, said it believes having patients pay a part of the bill would "encourage consumers to play an active role in choosing their medical providers and treatments".
