For subscribers
Debate on ministries' budgets
MOH move will help curb huge premium increases
Having co-payment for riders helps consumers play active role in choice of treatment: LIA
Sign up now: Get ST's newsletters delivered to your inbox
The move to disallow further sale of full riders for Integrated Shield Plans will help insurers manage claims, reduce the need for significant premium increases and allow IPs and riders to remain viable and sustainable options, said the Life Insurance Association of Singapore.
ST PHOTO: ALVIN HO
Follow topic:
Significant premium increases may be a thing of the past following the Ministry of Health's decision to disallow further sale of full riders for Integrated Shield Plans (IPs), a move that is set to benefit both consumers and insurers.
In a statement yesterday, the Life Insurance Association of Singapore (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".
