LAI SHI GROUP INTERNATIONAL PRIVATE LIMITED
Trusted Reliable Competitive cover from NTUC Income & Great Eastern Insurance
Call or Whatapps us today @
OFFICE: (65) 6692 8000
MOBILE : (65) 9099-9302
Protecting what matters most to you .....
for a peace of minds.
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We keep things simple so that you are free to embrace the simple joys in life.
Types of Coverage
CAR INSURANCE
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Pay only for what you need, and nothing more.
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Covers repair services, accident assistance 24*7 roadside assistance
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medical expenses reimbursement
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personal accident coverage
MAID INSURANCE
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Letter of gurantee to MOM
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Personal accident
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Hospital and Surgical expenses
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Daily Benefits
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Repatriation expenses
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Wages and Levy reimbursement
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Re-hiring expenses
HOME INSURANCE
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Cover building and renovations
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Contents (All Risk)
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Personal and Family liability
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Personal Accident & emergency Home assistance
BUSINESS INSURANCE
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Safe guarding your business such as product libility insurance by protect your legal liabilities from product failure
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Benefit your employees by covering in advance any accidents occurs during business travelling, etc
TRAVEL INSURANCE
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24 hours medical assistance
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Cover flight delay & cancellation
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Loss of items
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Personal accident coverage
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Emergency medical evacuation
PROFESSIONAL INDEMNITY
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Secure your professional liabilities (Eg: Lawyers architects, engineer, auditors, IT, surveyors, miscellaneous )from legal libility
Rising medical costs are a major concern in Singapore, particularly in view of a growing ageing population. Today, many people may be relying on their Medisave and MediShield Life to pay the costs of their medical needs and treatments. However, these schemes may not be sufficient to pay for the costs of prolonged hospital treatment or a major surgery, particularly those who choose to stay in a B1 or A class ward or in a private hospital, since these medical bills are higher with little to no government subsidy. As such, there is a need to have other sources of funds to help to pay for one’s medical expenses, especially in the event of serious illness requiring prolonged and expensive treatments.
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Question : What is Health Insurance and why is it important and how does it benefit ?
Health Insurance provides the individual and his family with financial benefits which will help to defray some of the incurred medical costs, or recover some or all of the financial losses suffered as a result of an injury, illness or disability. There are broadly three categories of
Health Insurance which can provide for:
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Reimbursement for the cost of medical treatment or nursing care; or
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For a periodic income upon disability or hospitalisation
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For a fixed cash amount upon disability or suffering from a major illness.
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Following are data and statistics from MOH of the top 10 conditions of hosiptalisation in the past 3 years.
TOP 10 CONDITIONS OF HOSPITALISATION
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Total No. of Discharges ('000) 2019 2020 2021
647.4 585.8 596.2
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% of Total Discharges
1.Accident, poisoning and violence 8.5 8.4 9.8
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2.Cancer 5.6 5.5 5.3
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3.Ischaemic heart diseases 3.0 2.9 3.0
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4.Pneumonia 3.1 3.1 2.6
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5.Other heart diseases 2.3 2.2 2.4
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6.Infections of the skin and 2.3 2.3 2.1
subcutaneous tissue
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7.Cerebrovascular diseases 2.0 2.1 2.0
(including stroke)
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8.Intestinal infectious diseases 2.9 1.9 1.9
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9.Diabetes mellitus 1.8 1.9 1.9
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10.Disorders of gallbladder, 1.7 1.8 1.8
biliary tract and pancreas
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* Courtesy of Ministry of Health