Revision of Standard Integrated Plans from 01st April 2022

The benefits of standard integrated Shield plans such as a AIA HealthShield Gold Max Standard have been revised across all insurers in accordance with the requirement from the Ministry of Health.  This is to ensure that the plans remain relevant to meet clients’ evolving healthcare needs and to align with the new benefits and coverage changes introduced under the MediShield Life in March 2021. 

While premium rates of standard integrated plans may differ across all insurers, all the benefits and limits are identical across all integrated plan insurers.  The revision in benefits and premium rates of AIA HealthShield Gold Max Standard will be effective as for new policies, this will be immediately from the 01^st April 2022, and for existing policies on the policy anniversary from the 01^st April 2022.

How will the revision impact the coverage and benefit for clients’ AIA HealthShield Gold Max Standard plan?

The benefits of standard integrated plans such as AIA HealthShield Gold Max Standard, have been revised across all the integrated plan insurers in accordance with the requirement from the Ministry of Health, to ensure that the plan remains relevant to meet clients’ evolving healthcare needs and to align with the new benefits and coverage changes introduced under the MediShield Life in March 2021. 

While premium rates of standard integrated plan may differ across all integrated plan insurers, all the benefits and limits are the same.  They include an increase claim limits for several existing benefits.  New benefits and coverage include inpatient palliative care service benefit, serious pregnancy and delivery-related complications, hemi body radiotherapy, and long-term parenteral nutrition.  The maximum limit per policy year for these have been increased from S$150,000 to S$200,000.  To cover the costs, premiums have been increased by 20%. 

Why are the changes necessary?

The benefits of standard integrated plan like AIA HealthShield Gold Max Standard, have been revised across all the integrated plan insurers as required by the Ministry of Health, to ensure that the plan remains relevant to meet customer’s evolving healthcare needs and to align with the new MediShield Life benefits and coverage changes introduced in March 2021.  Meanwhile, enhanced, wider coverage and the rising medical costs in Singapore has made it necessary to revise the premiums to ensure that AIA Singapore can continue to meet clients’ evolving medical and hospitalisation needs. 

When will these changes take place?

Policyholders of AIA HealthShield Gold Max Integrated Shield Plan and riders should take note that for new clients, policy changes will be implemented from 01^st April 2022.  For current policyholders of AIA HealthShield Gold Max Standard, policy changes will take effect from their respective policy anniversary dates from 01^st April 2022. 

Is AIA planning to raise premiums again for AIA HealthShield Gold Max Standard in the near future?

AIA Singapore reviews integrated plan premiums regularly to ensure that the portfolios remain financially sustainable over the long term.  All integrated plan insurers have revised their premiums due to rising claims costs in recent years.  Greater healthcare consumption and increased use of newer and costlier treatments that leverage medical technological advancements have resulted in an increase in claims for integrated plans. 

Are the benefits of AIA HealthShield Gold Max Standard competitive against other standard integrated plans in the market?

Standard integrated plan benefits in the market are regulated by the government, which means that the benefits offered under the standard integrated plan are identical across all private insurers.  However, each insurer is allowed to set their own premium rates.  The Ministry of Health initiated an industry wide revision on standard integrated plan to be effective on 01^st April 2022.  The changes to benefits and coverage of standard integrated plan are to align with the new benefits and coverage changes introduced under MediShield Life in March 2021. 

Why is there an additional limit of $300 per day for the first 2 days of inpatient stay?

This is to account for diagnostic tests that occur frequently during the first 2 days of inpatient stays. 

Is the coverage for Serious Pregnancy and Delivery-Related Complications Benefit the same as AIA HSG Max A/B/B Lite’s Pregnancy Complications Benefit?

The coverage for serious pregnancy and delivery-related complications benefit is not exactly the same as AIA HSG Max A/B/B Lite’s pregnancy complications benefit.  Pregnancy and delivery-related complications benefit is aligned with the coverage provided under the MediShield Life.  The list of conditions covered is as follows:

Why are some benefit names changed?

Benefits for standard integrated plan in the market are regulated by the government, which means that the benefit names are required to be standardised as well.  With this, the benefit names under all standard integrated plan are aligned with those under the MediShield Life.