• Maybank Health Insurance

    Various strenuous circumstances in life can take a toll on your health. Coping with life during an accident, illness or a disability tends to affect one's financial stance due to the loss incurred. In addition to the hospitalization and medical expenses, there are additional expenses that often go unnoticed such as the short term or long term inability to work after hospitalization. The best and most effective way to cope with the expenses during such dark hours is by applying for a health insurance. This is an efficient method of planning for any future medical or health related emergencies.

    It is always advisable to explore wisely before applying for a health insurance while you are still healthy and young. The problem that arises when you apply for a health insurance after already developing a health condition is that it gives the insurer the choice of excluding the conditions from their coverage policy. In that case it defeats the purpose of applying for a health insurance in the first place. A health insurance generally covers medical expenses that may include the emergency room, the hospital stay, the doctor visits for periodic checkups, the bills for purchasing medicines and other miscellaneous expenditure. However each policy is different in the kind of coverage they provide. For instance, policies differ on the limits of the coverage, co-payment options provided by the insurer, the size of the deductible, the treatment options available to the policy holder and so on. There are two ways in which one can avail a health insurance, it can be purchased by the individual directly by approaching a company that provides insurance or it can be provided as part of an employment agreement by your employer. There are two ways in which health insurance can be covered depending on the policy provider. The policy provider can either reimburse the expenses incurred to the insurer under circumstances of illness or injury or they can directly make the payment directly to the care provider.

    Overview of Maybank

    Maybank is one of Singapore's finest and fully licensed commercial banks. With over 50 years of experience in the field they serve almost 30 different locations in Singapore with an array of services and products that can readily be availed. Their continuous efforts to adapt the latest technological advances in their practice brings in better efficiency into their business standards. They have been commemorated with various awards for their locally oriented approaches and providing highly personalized services to their customers. This further emphasizes the level of commitment and effectiveness they hold in the field to become one of the most trustworthy banks.

    Maybank Hospitalization – EverFree

    Using the Maybank EverFree Insurance, you can earn innumerable benefits for hospitalization due to an accident or illness. Some of the benefits includes day to day hospital expenses, Home recuperation expenses and an annual cash bonus.

    Maybank EverFree Key Features

    • The main insured under this policy must be between the ages of 18 years to 60 years old. The policy can be renewed up to 65 years of age.
    • Eligibility criterion – the applicants must either be Singapore citizens, Foreigners who possess a valid employment pass work or permit or have to be Permanent Residents of Singapore.
    • The hospitalization benefits per day can be availed up to S$750.
    • The home recuperation allowance up to S$250 can be availed on a daily basis to meet the rehabilitation expenses.

    Benefits of EverFree

    • Under this insurance, you can avail Daily Hospital Income for up to S$500 starting from the 6th day of being hospitalized and up to the 60th consecutive day.
    • Under this insurance, you can avail Daily Hospital Income for up to S$250 to cover your daily hospital income. You are even given the option to encash the amount and spend it for any expenditure of your choice.
    • Under this insurance, you can avail Home Recuperation Cash benefit of up to S$15,000 for post days of hospitalization to meet your rehabilitation expenses.
    • Under this insurance, you can avail Annual Cash Bonus of up to S$100

    EverFree Plans

    Features* Plan – A Plan – B Plan – C Plan - D
    Daily Hospital Cash – This can be availed from day up to to 730th day SGD 50 per day SGD 100 per day SGD 200 per day SGD 250 per day
    Daily Hospital Cash – This can be availed from the 6th day up to the 65th consecutive day SGD 100 per day SGD 200 per day SGD 400 per day SGD 500 per day
    Home Recuperation Cash – This can be availed after a minimum of 5 days spent at the hospital and up to the 60th consecutive day. To avail this benefit a post hospital MC certification must be obtained from a doctor SGD 50 SGD 100 SGD 200 SGD 250
    Annual Cash Bonus – This can be availed irrespective of any claims SGD 20 SGD 50 SGD 75 SGD 100

    NOTE* - The above table excludes the pre- existing conditions

    Maybank Critical Illness – EverCritical Care

    Being diagnosed with a critical illness on its own has a huge emotional and physical impact on both you and your family. Furthermore, the financial repercussions of dealing with a critical illness is immense. Being insured under such a circumstance can reduce this financial disadvantage to a large extent. EverCritical Care has been designed to do just that. The insurance covers 30 critical illnesses by providing you coverage for them and in addition to it, the coverage you receive will be doubled in case of being diagnosed with kidney failure, heart attack or cancer. With EverCritical Care you get a complete rounded protection including coverage for your medical treatments and recuperation benefits.

    Key Features and Benefits of EverCritical Care

    • The main insured under this policy must be between the ages of 18 years to 59 years old. The policy can be renewed up to 64 years of age.
    • Eligibility criterion – the applicants have to be Singapore citizens, Foreigners who possess a valid employment pass work or permit or must have be Permanent Residents of Singapore.
    • Under this insurance, you can avail Medical Reimbursement Claims of up to S$8000.
    • Under this insurance, you can avail Recuperation Benefit of up to S$3000 when hospitalized.
    • If diagnosed by kidney failure, heart attack or cancer, payout of up to S$100,000 can be availed.
    • If diagnosed with a critical illness, premium of up to 1 year can be waived.
    • Under this insurance, you get additional pays over and above other existing policies. However, this is not applicable for Medical Reimbursement.

    EverCritical Care Plans

    Features Plan – A Plan – B Plan – C
    Applicable on being diagnosed with any one or more of the listed 30 critical illness SGD 20000 SGD 35000 SGD 50000
    You can avail double coverage under the following critical illness – 1. Kidney Failure, 2. Cancer, 3. Heart Attack SGD 40000 SGD 70000 SGD 100000
    You can avail medical reimbursement for the following – 1. chemotherapy, 2. radiotherapy, 3. kidney dialysis due to cancer or kidney failure SGD 100 for every session SGD 150 for every session SGD 200 for every session
    Limit for Medical Reimbursement SGD 3000 SGD 5000 SGD 8000
    Recuperation Benefit – This is applicable under the 30 listed critical illness and when hospitalized for a minimum of 7 consecutive days. This can only beavailed once in the policy lifetime. SGD 1000 SGD 2000 SGD 3000
    Premium Waiver It is applicable under one of two circumstance -

    1. From the date of diagnosis up to 1 year OR

    2. Having paid out all the benefits of the policy. It can be availed depending on whichever from the aforementioned is earlier.

    NOTE: This insurance does not cover pre-existing medical conditions.

    Maybank Dental – EverDental

    In the present context dental hygiene has come to become a matter of concern. Oral health should not be overlooked because of the level of importance it has over your overall health. Preventive measures for dental care and regular visits to the dentist can be an expensive affair. EverDental insurance plan helps with your dental bills and is a boon to managing your dental hygiene in a better and more affordable manner. It takes care of a wide range of dental treatments by providing coverage for everything from routine dental appointments to accident related emergencies at very competitive rates.

    Eligibility for EverDental

    • The main insured under this policy must be between the ages of 18 years to 60 years old. The policy can be renewed up to 65 years of age.
    • Those applying for the policy should either be citizens of Singapore, foreigners holding a valid employment pass or S pass or a valid work permit.

    Key Features and Benefits of EverDental

    • The Dental Benefit provides the following coverages -
    • For accident and emergency treatment, the insurance provides up to 100% coverage.
    • For Routine Preventive Visits, the insurance provides up to 100% coverage.
    • S$1500 can be earned for Annual maximum claims with an increment of 2.5% per year with a maximum of 200% of the principal amount.
    • For Permanent Total Disablement Benefit, Accidental Death Benefit and Annual Maximum dental, you can earn a yearly increment of 2.5% on your claims and premiums with a maximum of 200% of the principal amount.
    • Under this insurance, you get access to more than 70 dentists who offer competitive rates conveniently located in Singapore who offer an array dental treatments that include but are not limited to the following -
      • Non-surgical extractions
      • Root canal treatment
      • Orthodontic care
      • Dental implants
      • Restorative treatment – this includes teeth whitening and cosmetic dental care.

    NOTE:

    • This insurance does not cover pre-existing medical conditions.
    • In case of non-emergency or accidental claims, there is a waiting period of 90 days.

    All the above mentioned insurance policies have been underwritten by ACE Insurance. For further details on the policy coverages, exclusions and terms & conditions read the policy documents or contact ACE Insurance.

    Maybank Health Insurance - FAQS:

    1. Are non-Singapore citizens applicable for any of the Health Insurance policies mentioned above?
    2. Yes. If you are not a citizen of Singapore, you can still apply for any of the above mentioned health insurance policies with Maybank if you possess a valid work permit or an employment pass. For the EverDental insurance policy, you are eligible even if you possess an S pass.

    3. Can I still avail the insurance policies mentioned above if I am more than 60 years old?
    4. Yes. For Ever Free and EverDental insurance policies, although the insured need to be between the ages of 18-60 years old at the time of application, you can continue to avail the policy up to 65 years of age. For EverCritical Care, the insured need to be between the ages of 18-59 years old at the time of application, but you can continue to avail the policy up to 64 years of age.

    5. Under the Ever Free insurance policy, when I receive the Daily Hospital Income, do I have to use it strictly for hospital expense only?
    6. No. The Daily Hospital Income hospital income that you receive as part of the Ever Free insurance policy can be encashed and used for any purpose of your choice and is not restricted to hospital related expenditures.

    7. What is the waiver condition in the EverCritical Care insurance policy?
    8. Under the EverCritical Care insurance policy, up to 1 year of the premium can be waived if the insured is diagnosed with a critical illness. However, this waiver is only applicable for the listed 30 critical illnesses in the policy. Also, the insurance does not cover pre-existing medical conditions.

    9. Under what circumstances does the EverDental insurance provide 100% coverage?
    10. You can avail 100% coverage using the EverDental insurance policy in case of accident and emergency related treatment, and for your routine preventive visits.

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