A lot of my friends are on the Private Integrated Shield Insurance. Sometimes, some of them asked me whether I am on the such Plan. I indicated to them that I used to be on such plan and no longer am in such Plan. They are astonished and probed me further on whether I am not longer on such plan. I informed them that I am on Medishield Life Plan. When they heard of it, they started to warn me of the perils on such plan. They are of view that the Medishield Life Plan will be insufficient in times of major illnesses and I need to fork out a large amount of money for the medical expenses.
I simply replied to them that I am happy with such plan. To each of their own. The reason why I did not elaborate further on my decision to opt for Medishield Life Plan, is that my friends are not inclined to opt for Medishield Life. They want the assurance of full coverage of Private Integrated Shield Plan and co-payment Shield plan riders to cover 100% of the medical expense in term of crisis.
Recently, there is an initiative by the Government Authority that 100% of the medical is not applicable for such plan.
The above policy change goes to show that things do change. I foresee that there will be an increase in the premium payment in time to come.