Grow &

Protect

Plan your child's education

and health financing

Grow & Protect

Plan your child's education
and health financing

What does it mean to have a financial plan for your child?

 

Set aside funds to meet key events in your child's life 

 

It is important to prepare funds for major financial events in your child's life: 

  • an overseas tertiary education could cost at least $120,000 for a 4 year course. 
  • major hospitalisation and critical illnesses are also very costly in Singapore.

By simply ensuring that you have the right plans in place, you can be assured that funds will be available to you at the most important moments of your child's life!

Get a quote on our 360o childrens' solution and enjoy our special InsureDIY promotion! 

Get a Quote

 

Not ready to get a quote? Reserve our current promotion by registering above!

 

Sample Plan Details1

Education Savings

Integrated Shield Health Insurance

(including rider)

Critical Illness Insurance
Up to 10% 1st Year Premium Discount

Up to $40 cashback and $80 in vouchers

Up to 15% 1st Year Premium Discount

& up to 50% commission rebate (excl. Shield plans)

5 year old

Maturity value: $120,000

Monthly premium: $940

Premium Term: 10 years

 Policy Term: 15 years

Private hospital cover

Annual Premium: $421

($337 payable by MediShield, $84 by cash)

Minimum guaranteed benefit: $200,000

Monthly premium: $106.05

Premium Term: 25 years

 

10 year old

Maturity value: $120,000

Monthly premium: $1,622.15

Premium Term: 5 years

Policy Term: 10 years

Private hospital cover

Annual Premium: $421

($337 payable by MediShield, $84 by cash)

Minimum guaranteed benefit: $200,000

Monthly premium: $124.20

Premium Term: 25 years

* Minimum savings premium of $5,000 regular premium or $50,000 single premium. Valid till 30 April 2023.

Get a Quote

 

Not ready to get a quote? Reserve our current promotion by registering above!

 

How to Apply and Enjoy the Promotion?

Simply fill in the online form above to request for a quote. We will email you personal quotes for you and your child. Speak with our advisers to understand how these plans can help to protect your child and also build funds for the future.

 

 

Here are some common questions about 

our 360o Children's Solution

1. Why is it important to plan for my child's tertiary education?

While sending your child to a local university is always an option, your child may wish to go overseas for a number of reasons. For example, there may specific courses that are not available in Singapore that your child is interested in. 

The cost of an overseas education depends on where your child plans to go to. As a general rule, do plan to set aside $250,000 for tertiary education in Australia and UK and around $500,000 for tertiary education in the US.  

 

2. My child is already covered by MediShield Life. Do I still need to get an Integrated Shield cover for my child?

Additional insurance cover gives you the financial capability to select doctors in public hospitals or admit your child into private hospitals. Private hospitals have the advantage of shorter waiting times and allow you to select your own doctor. Surgeries and other non-urgent procedures can bee scheduled quickly.

 

3. Why should I get critical illness cover for my child now?

We suggest that you apply for a lifelong critical illness cover. The advantage is that you lock in low critical illness premiums but get a whole of life cover for your child. For example, the premium rate for a 5 year old is only $83.45 per month for 25 years for a minimum guaranteed sum assured of $200,000.

This whole of life cover will also have a surrender value. So you could potentially get all your premiums back if you wish to surrender the policy in the future. 

 

4. Are the plans covered by SDIC?

Yes, the coverage by SDIC is subject to a maximum of S$500,000 for the aggregated guaranteed sum assured and S$100,000 for the aggregated guaranteed surrender value per life assured per insurer.​ Excludes Integrated Shield plans.

 

1 Approximate premium and benefit levels. Benefits may include non-guaranteed benefits and are based on the illustration rate of 4.25% p.a.

These plans (except for Integrated Shield Plans) are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC).​ Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

InsureDIY is a Broker licensed by the Monetary Authority of Singapore and is an Exempt Financial Adviser. This advertisement has not been reviewed by the Monetary Authority of Singapore.