Health insurance plans in Singapore

Health insurance is designed to help reduce the financial impact of health-related events, such as serious illnesses, injuries or disabilities.¹ Depending on the plan, it may cover eligible medical expenses, provide a lump-sum payout upon diagnosis of a covered condition, or offer financial support during recovery. 

Manulife offers different types of health insurance plans, such as Critical Illness Plans, Maternity Plans and Personal Accident Plans. Understanding the coverage you already have and how different plans complement one another can help you identify protection gaps and provide more comprehensive coverage when the unexpected happens. 

Our health insurance plans are designed to support different needs and life stages. They might be suitable if you: Our health insurance plans are designed to support different needs and life stages. They might be suitable if you:  

• Want to protect your finances from unexpected health events so that illnesses, injuries or disabilities do not derail your financial goals.   

• Have loved ones who depend on you and want added peace of mind that your family is financially supported during challenging times.   

• Are building wealth or managing major commitments such as a home, children or retirement plans, and want protection against the financial impact of hospitalisation, critical illness or accidents.   

• Want to identify and close protection gaps in your existing coverage to build a more comprehensive safety net for the future.  

Choosing the right health insurance plan ensures you get coverage that fits your healthcare needs and financial situation. A structured approach makes it easier to select the right level of protection.

• Assess your healthcare needs: Consider your current health, medical history and how often you need medical care or specialist treatment.

• Review your income level: Choose a plan that provides sufficient protection while staying affordable based on your financial situation.

• Consider your dependents: If others rely on your income, ensure your coverage can help support their healthcare and living needs. 

• Understand your occupation: Evaluate whether your job or lifestyle exposes you to higher health risks or requires additional protection.

• Check your existing insurance coverage: Review any current policies, such as employer or basic health coverage, to identify gaps.

• Compare plan benefits: Look at what each plan includes, such as hospitalisation, outpatient care and critical illness protection.

To know how much health insurance you need, you need to know your protection gap. A protection gap indicates a shortfall in insurance coverage and potential financial vulnerability that can lead to a sizable financial burden in the situations of CI, disability and/or death, if you are unprepared. According to a Life Insurance Association Singapore (LIA) study2 done in 2022, Singaporeans have a 74% Critical Illness (CI) protection gap. 

A waiting period refers to a specified timeframe during which certain benefits are not immediately available after purchasing a health insurance policy. It is a predetermined period during which the policyholder must wait before they can claim coverage for specific medical conditions, treatments, or services. It is essential to review the policy terms and conditions to understand the waiting period associated with different aspects of the health coverage. 

Yes, you may be able to get health insurance with a pre-existing condition, but coverage will depend on the insurer’s assessment. Some conditions may be excluded from coverage or subject to specific terms such as waiting periods or additional underwriting conditions.

The cost of health insurance depends on factors such as your age, coverage level, lifestyle and any pre-existing health conditions, among others. Generally, more comprehensive health insurance plans with higher benefits and wider coverage will have higher premiums.

You can buy a health insurance plan by first assessing your healthcare needs and budget, then comparing available plans and their coverage benefits. Once you have selected a suitable plan, you can apply online or through a financial advisor, complete the application process and receive confirmation once your policy is approved.

Explore health insurance solutions designed to support your needs at every stage of life, with protection that helps you manage medical costs and unexpected health challenges.

• A wide range of health insurance solutions: Designed to help you manage financial setbacks when you fall ill 

• Flexible protection options: From customisable Critical Illness plans to tailored coverage that fits different life needs

• Specialised plans for key life stages: Includes solutions such as maternity coverage to support growing families 

• Comprehensive financial support: Helps reduce the impact of medical costs so you can focus on recovery

• Plans for different needs: Suitable options are available, whether you are looking for basic protection or more comprehensive coverage