Hi Mummies... I'm from the August thread. This baby is my #3, and i don't intend to know the gender till deliver
I see some of you are interested in the mum's and baby's insurance, as like the mummies on the aug's thread.
I'm from AXA, so I'm gonna touch on AXA's Mum's Advantage.
in summary:
Mum's advantage comes in 2 products. MumCare (Plus) and INSPIRED FlexiProtector / FlexiSaver
MumCare/MumCare Plus is a 3-year / 6-year single premium term plan that offers coverage for an expectant mother against death and pregnancy complications. it also provides hospital care benefit should the expectant mother gets admitted to hospital due to child birth complications. the coverage also extends to the child for congenital illnesses benefit and hospital care benefit for the child.
INSPIRE is a whole life, regular premium investment-linked plan which allows the flexibility to choose your own insurance cover and premium amount to meet your personal needs.
Under Mum’s Advantage/Mum’s Advantage Plus, the Mother can opt to transfer INSPIRE flexi2 to the life of the child at any time after the child is born*, i.e. life assured becomes the child instead of the mother but the ownership of the INSPIRE flexi2 remains with the mother provided the INSPIRE flexi2 has not lapsed or been terminated at the time of notification to axa life of the transfer.
The coverage:
Death benefit for mother expire 30days after delivery.
Pregnancy complications benefit expire upon birth of child.
Hospital care benefit for mother expires 30 days from birth of child.
New
*Gynaecology report is waived for eligiblae nationalities
* available to ladies whose pregnancies are conceived through artificial inseminations
Cost for an average 30yo mummy to be:
For Mum'Care: it's a lump sum of $315
For MumCare Plus, it's $595
For the whole life plan, minimum is $1200/year or $100/month.
Pls feel to chk with me for details.
Right after baby is born, there's also a very important plan to consider:
For Hospital plans, I recommend AVIVA. They have the best coverage (and I can sell them too). I have AVIVA way before i became an insurance agent and they are the greatest.
And also, if both parents are covered under aviva, the kids are covered for free (on plan 2) up to 20years old!! (up to 4 kids).
Therefore, Aviva is a very popular choice for parents with kids. imagine u have 3 kids! how much can u save!!
Aviva hospitalisation plan (MyShield) is payable via Medisave.
This is a link from MOH on available hospital plans. Please do not go and buy those that you need to pay by cash. It's no necessary.
http://www.moh.gov.sg/content/dam/moh_web/Healthcare_Financing/Medishield/Comparison_of_MediShield_and_Private_Integrated_Plans/Comparison%20of%20IPs%20wef%2030%20Jan%202012%20Table%204.pdf
Coverage for aviva is listed on it's application form here:
http://www.aviva.com.sg/pdf/applicationforms/MyShield_MyShield_Plus_Application_Form.pdf
Minimum entry age is 15 days old or the date of discharge from hospital after birth, whichever is later.