7 Things You Never Knew Your In­surance Cov­ered

You wouldn’t skip in­surance plans for big-ticket things like surgery and hospi­tal care. But the lit­tle things, or even stuff you never knew you needed, could hit you with an equally big bill. It’s why in­sur­ers are in­clud­ing less-con­ven­tional sit­u­a­tions in

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1 IF YOU WANT TO FREEZE YOUR EGGS

Egg freez­ing has picked up over­seas among women who want to de­lay moth­er­hood by sur­gi­cally pre­serv­ing their healthy eggs. Un­less you work for tech giants Face­book or Ap­ple, which pay for elec­tive egg freez­ing for women em­ploy­ees, you’ll find it’s a pretty pricey op­tion. In Sin­ga­pore, where you can freeze eggs only for a med­i­cal rea­son, one col­lec­tion cy­cle could eas­ily set you back be­tween $5,000 and $15,000.

NTUC In­come’s Lady 360 was the first plan here to of­fer a pay­out to de­fray the cost of egg freez­ing. It pays 25 per cent of your sum as­sured. In­come’s deputy viceWith pres­i­dent of re­tail sales Carol Chia says egg freez­ing is in­cluded be­cause the plan is geared to­wards a mod­ern woman’s health con­cerns. You’re el­i­gi­ble as long as you’re be­tween the ages of 15 and 40, and are rec­om­mended for the pro­ce­dure by a reg­is­tered doc­tor, for rea­sons such as chemo­ther­apy and ra­dio­ther­apy pos­si­bly af­fect­ing your fer­til­ity.

2 IF YOU NEED BREAST RE­CON­STRUC­TION

Pru­den­tial Sin­ga­pore’s Pru­lady spec­i­fies that breast re­con­struc­tion surgery is part of the cov­er­age, if a doc­tor rec­om­mends a mas­tec­tomy. Pru­den­tial Sin­ga­pore’s head of pro­tec­tion Alis­tair Giles says this crit­i­cal ill­ness plan es­pe­cially for women was launched in May this year, to pro­vide more cov­er­age for ill­nesses that women are more pre­dis­posed to. In this case, a sep­a­rate pay­out is made specif­i­cally for breast re­con­struc­tion. In­come’s Lady 360 plan pays up to 100 per cent of the sum as­sured for the re­con­struc­tion surgery, while med­i­cal in­surance poli­cies of­fered by in­surance bro­ker Pa­cific Prime Sin­ga­pore in­clude the pro­ce­dure in its cov­er­age as well.

3 IF YOUR PUP GETS INTO TROU­BLE

As long as your furry friend is be­tween three months and seven years old, AIA’s Paw Safe plan has got it cov­ered. Get re­im­bursed for up to $1,000 if your dog has an ac­ci­dent and needs med­i­cal help; get a pay­out if the pup is stolen from your home; and be cov­ered for any dam­age that your dog de­cides to in­flict on some­one else’s prop­erty. The only down­side: you can’t in­sure more than two dogs for each house­hold. Pre­mi­ums start at $6.63 a month. If you’re more wor­ried about a big bill for a sick pet, in­sur­ers like Lib­erty In­surance and Happy Tails of­fer pet-care plans that cover vet bills which re­sult from ill­ness or ac­ci­dents.

4 IF YOU’RE A VIC­TIM OF CY­BER­CRIME

cy­ber­crim­i­nals al­ways on the look­out for un­wit­ting vic­tims, it’s easy to have your iden­tity stolen, unau­tho­rised trans­ac­tions made on your credit card, or – on an un­re­lated note – be slan­dered on so­cial me­dia. In­surance providers like AXA now of­fer a Cy­ber Pro­tec­tor pol­icy, which of­fers $1,500 worth of phone calls to seek le­gal ad­vice, as well as a $15,000 pay­out that you can use to get le­gal help ei­ther via a pri­vate set­tle­ment or in court. The cov­er­age even in­cludes con­sul­ta­tions with a men­tal health pro­fes­sional in case of trauma and stress. You’ll need to give your in­surer the report you made to your bank or a copy of a po­lice report when you make the claim.

5 IF YOU GET AN AL­LER­GIC RE­AC­TION ON HOL­I­DAY

You should al­ways check if your travel in­surance, per­sonal ac­ci­dent plans or hospi­tal plans in­clude al­ler­gic re­ac­tions, says Chris Teo, as­so­ciate di­rec­tor at Cher­lyn Chua Or­ga­ni­za­tion, rep­re­sent­ing Finexis Ad­vi­sory Pte Ltd. “A peanut al­lergy, for in­stance, could lead to life-threat­en­ing re­ac­tions such as con­stric­tion of air­ways, which makes breath­ing dif­fi­cult.”

Among the more com­pre­hen­sive plans for trav­ellers with al­ler­gies is In­come’s Travel En­hanced Pre X suite of plans, which takes care of both med­i­cal and evac­u­a­tion ex­penses for those with pre­ex­ist­ing med­i­cal con­di­tions, while you’re over­seas. Choose from the En­hanced Pre X Su­pe­rior and En­hanced Pre X Pres­tige plans to also be cov­ered for trip dis­rup­tions due to pre-ex­ist­ing med­i­cal con­di­tions.

6 IF YOU NEED TO SORT OUT YOUR MEN­TAL WELL­NESS

If you get di­ag­nosed with ma­jor de­pres­sive dis­or­der or an anxiety dis­or­der af­ter a trau­matic event, and need to be on meds for at least six months, you won’t have to worry about your fi­nances. In­come’s Lady 360 of­fers a pay­out of 5 per cent of your sum as­sured to help with the psy­chi­a­trist’s bill.

7 IF YOU’RE A DARE­DEVIL

If you’re go­ing on hol­i­day and plan to do some scuba div­ing, ski­ing or sky­div­ing, make sure you take out a travel in­surance plan. Most will cover you for ex­treme sports, as long as they don’t present a high level of danger. “The crux is al­ways whether the in­sured mem­bers did any­thing ir­re­spon­si­bly and put them­selves de­lib­er­ately at risk,” says Pa­cific Prime’s CEO Olivier Zeller. That means no cliff- jump­ing, stunt rid­ing, or go­ing div­ing with­out check­ing if you’re work­ing with a li­censed boat com­pany. “In­sur­ers might not be able to honour the claims if clients have prior knowl­edge that the com­pany they’ve en­gaged is not legally li­censed, yet still de­cide to pro­ceed with it,” adds Chris.

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