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IP insurers offer cheaper riders that still protect against huge hospital bills

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Anecdotally, people first give up their riders, which could cost more than their main insurance plan.

Two in three of the 2.97 million people, or 71 per cent of residents, with Integrated Shield Plans also buy riders to prevent the shock of facing a huge medical bill.

PHOTO ILLUSTRATION: PEXELS

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SINGAPORE – As people age, some are giving up their private medical insurance plans and riders because of the high premiums charged.

To retain them, several insurers offer a choice of riders: Maximum coverage at higher premiums, or less cover at lower premiums.

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