Recommended Insurance Plans Based On Your Career & Age Group

Aside from the three insurance plans you should get in Singapore (namely Medical Expense Insurance, Critical Illness Insurance, and Life Insurance), below are the recommended insurance plans you should take based on your career.

Professionals, managers, executives, and technicians stationed in office.

If you are covered under Group Insurance, the policy typically has certain requirements for admission:

1. Full-time employment status;

2. Citizenship or residency status as a Singaporean, Singapore Permanent Resident (SPR), or holding a valid employment pass;

3. Age between 16 and 65 years;

4. Actively working on the day the insurance coverage begins (not on sick leave or annual leave);

5. Some employers may impose a probationary period (usually three to six months) before new employees become eligible to enroll in the Group Insurance plan.

Office-based occupations that entail frequent travel to various sites or production lines (e.g. insurance representatives, tour guides and journalists), as well as shop-based roles with minimal manual labor, and senior supervisory positions in light manufacturing companies fall under this category.

Compared to deskbound workers, these individuals are exposed to greater occupational risks. Therefore, I recommend considering Personal Accident Insurance to provide coverage for accidental injuries or disabilities.

Occupations encompassing light-skilled manual work, medical-related roles, and shop-based jobs with light manual labor fall into this category. Examples include bakers, delivery personnel, hawkers, and retail workers. Additionally, roles involving semi-skilled or unskilled manual labor of medium to heavy intensity or in manufacturing sectors, such as bus drivers, commercial airline crew, and armed security guards, are included.

For individuals facing higher occupational risks, Personal Accident Insurance and Disability Income Insurance are worth considering. In the unfortunate event of an accident, Disability Income Insurance provides a salary replacement of 75% or less of their pre-disability earnings, ensuring they can maintain their pre-accident standard of living.

Foreign Workforce (non-Singaporeans and non-PRs)

• Since January 1, 2008, the Ministry of Manpower (MOM) has mandated that every employer in Singapore must purchase and maintain minimum medical insurance coverage for their foreign workers and foreign domestic workers (maids) throughout their employment tenure.

• This requirement applies to all S Pass holders and Work Permit holders, and insurance coverage must be at least S$60,000 annually.

• Co-payment of 75% is paid by insurers and 25% by employers for claim amounts above $15,000.

• The coverage includes medical expenses for inpatient and day surgeries, encompassing hospital bills even for conditions unrelated to work.

• A co-payment arrangement can be implemented with the Work Permit holder under certain conditions:

• The co-payment amount is reasonable and does not exceed 10% of the employee’s monthly salary.

• The co-payment duration does not surpass six (6) months.

• The co-payment option is explicitly stated in the employment contract or collective agreement and has the full consent of the worker.

Elderly Workforce

• Long-Term Care Insurance helps to cover the costs of long-term care services (e.g. home care or nursing care) to those who are unable to perform at least three of the six Activities of Daily Living (ADLs) – washing, dressing, feeding, toileting, mobility, and transferring.

• CareShield Life for a person born in 1980 or later:

  • He will be covered even if he has pre-existing medical conditions and/or disabilities under CareShield Life.

  • If he was born between 1980 and 1990, he would have automatically joined CareShield Life in 2020.

  • If he was born after 1990, he will join CareShield Life when he turns 30.

• Features of CareShield Life:

• Premium payments for CareShield Life cease at age 67 regardless of the individual's health condition. However, coverage persists beyond age 67, offering lifelong support for long-term care needs.

• If a person makes a claim at age 30, they will receive $600 monthly payout for life; otherwise, the payout increases annually until age 67 or until a successful claim is made.

• Government subsidies are provided to ensure premiums remain affordable, ensuring that nobody loses coverage due to an inability to pay premiums.

• Premiums can be fully covered by MediSave.

除了那三种在新加坡应该购买的保险计划（即医疗费用保险、重大疾病保险和人寿保险），以下是根据你的职业推介的保险计划。

长期呆在办公室内的专业人士、管理人员、行政人员和技术人员 。

如果你已经在公司的团体保险下获得了保障，该保单通常对申请人（入职员工）有以下要求：

• 需是全职就业；

• 是新加坡公民、新加坡永久居民（SPR）或持有有效的工作准证；

• 年龄在16至65岁之间；

• 在保险生效日当天有上班（当时不拿病假或年假）；

• 一些雇主可能会规定试用期（通常为三至六个月），新员工在试用期结束后才有资格参加团体保险计划。

从事频繁前往各个场所或生产线的工作（例如保险代li、导游和记者）、以及在轻型制造公司担任高级监督职位的工作。

与长时间坐在办公桌前的工作者相比，这些人通常面临更大的职业风险。因此，我建议购买意外伤害保险，以提供意外伤害或残疾的保障。

从事轻度技能手艺工作、医疗相关职务和轻度体力劳动的店铺工作，例如面包师、快递员、小贩和零售员。此外，包括半熟练或非熟练的中到重度体力劳动和在制造业中就业，如公交车司机、商业航空机组人员和武装保安。

对于面临较高职业风险的个人来说，个人意外保险和伤残收入保险是值得考虑的。在不幸发生事故的情况下，伤残收入保险提供了其残疾前收入的75%或更少的薪水替代，确保他们能够维持事故前的生活水平。

外国劳工（非新加坡公民和非永久居民）

自2008年1月1日起，新加坡劳工部（MOM）规定每家雇主都必须购买并维持其外国工人和女佣的最低医疗保险覆盖范围，直到他们的雇佣期结束。

• 这一要求适用于所有S Pass持有人和工作准证（Work Permit）持有人，保险覆盖数额必须是每年至少$60,000。

• 对于超过$15,000的索赔金额，保险🏢支付75%的共同支付，雇主则支付剩下的25%。

• 该保险范围包括住院和日间手术的医疗费用，甚至包括与工作无关的医疗账单。

在特定条件下，可以与工作准证（Work Permit）持有人实行共同付款安排：

• 共同支付金额合理并不超过员工10%的月薪。

• 共同支付期限不超过六（6）个月。

• 共同支付选项需在雇佣合同或集体协议中明确说明，并得到工人的完全同意。

乐龄人士

• 针对那些无法完成六项日常生活活动（ADLs）中至少三项的人士——洗澡、穿衣、进食、如厕、移动和转移，长期护理保险有助于支付长期护理服务的费用。

• CareShield Life对于1980年或之后出生的人：
  

  • 保障有既往病史和/或残疾的人士。

  • 如果他出生在1980年至1990年之间，他将在2020年自动加入CareShield Life。

  • 如果他在1990年之后出生，他将在30岁时加入CareShield Life。

• CareShield Life 的特点：

• 无论个人的健康状况如何，CareShield Life 的保费只需支付至67岁。然而，覆盖期限将持续至67岁之后，为长期护理需求提供终身支持。

• 如果个人在30岁时提出索赔，他将终身每月获得$600的支付；否则，支付金额将每年递增，直至67岁或直到提出索赔。

• 政fu提供补贴以确保无人因无法支付保费而失去保障。

• 保费可以完全由MediSave支付。