All About Health Insurance

[jedamum]

luvmum:

I've got AIA agent. U mean I can go through my agent to purchase AVIVA insurance? :?

hm...maybe there is a difference between agent and broker and financial planner...i really don't know.
my manulife financial planner has friends selling other 'brands' of insurance, so she recommends it to us and process it for us - bonus service maybe?
maybe you can get your AIA agent (if you are familiar with him/her and trust him/her) to see if he/she can introduce any agent selling aviva stuff.
my prudential agent....never seen her for the past many years.

[caroline3sg]

AIA agent can only sell AIA products/services.

Same for others like GE, Prudential agents.

Financial Planners are from independent companies. But they can represent some of the smaller insurance companies like Manualife, AVIVA and thus sell their medical & life plans (ie those without cash value at end of term).

[mintcc]

Some also sell AIA plan…which have a pretty good health plan…even cover pregnancy complications it seems . But for Aviva, one of the health plan covers the kid for free if both mum and dad take the same plan.


But for Aviva plan, don’t need agent…can just go to DBS bank or go online to apply, I think.

[ZacK]

jedamum:

hm...maybe there is a difference between agent and broker and financial planner...i really don't know.

my manulife financial planner has friends selling other 'brands' of insurance, so she recommends it to us and process it for us - bonus service maybe?
maybe you can get your AIA agent (if you are familiar with him/her and trust him/her) to see if he/she can introduce any agent selling aviva stuff.
my prudential agent....never seen her for the past many years.

Agents can represent only one life insurer (manufacturers of your life, endowment, investment-link etc policies) and up to 3 general insurers (manufacturers of your car, home, commercial, maid etc policies). In the case of your manulife agent, it's because Manulife has a strategic tie-up to market Aviva Healthshield products. That is why your Manulife agent is able to help you apply for your Aviva healthshield.

Brokers are tied to a particular financial advisory firm or brokerage. And depending on which life insurers and general insurers their firms have tie-ups with, these brokers would then be able to market the insurance products from insurers that they have an arrangement with. Thus brokers will tell you that they are \"unbias\" as they are able to help you compare products across 2 and more insurance companies.

There is a professional body that manages the use of the Certified Financial Planner (CFP) title, agents or brokers must fulfill the Education, Examination, Experience and Ethics requirements before they are allowed to use the title. Although some agents or brokers may use the term financial planner loosely to typify the type of work they do or endeavour to do.

Hope this helps to explain the differences.

[jedamum]

ZacK:

Hope this helps to explain the differences.

it certainly will help...but my mind wondered off in the midst of reading it.... *joking*
am not a financial person cos my definition of financial security is keep everything in the bank!

[ZacK]

jedamum:

ZacK:

Hope this helps to explain the differences.

it certainly will help...but my mind wondered off in the midst of reading it.... *joking*
am not a financial person cos my definition of financial security is keep everything in the bank!

Haha it's alright... This was the industry I was in for the past decade. So know a little thing or two that's all. I've since moved up the \"food chain\"

[taylp]

To: luvmum


Though Aviva Shield plans does give free children coverage, however I know that they do not cover community hospital. Dont you think is very impt to cover even after you are officially discharge from hospital? When recommended to stay in community hospital, you can have a peace of mind.

My sister is in Prudential and Prushield +Extra did give community hospital benefits plus daily hospital income etc.

My conclusion is that what’s the point of signing up the plan that gives you free children hospital plan and they do not giving your whole family a better coverage?

[luvmum]

taylp:

To: luvmum


Though Aviva Shield plans does give free children coverage, however I know that they do not cover community hospital. Dont you think is very impt to cover even after you are officially discharge from hospital? When recommended to stay in community hospital, you can have a peace of mind.

My sister is in Prudential and Prushield +Extra did give community hospital benefits plus daily hospital income etc.

My conclusion is that what's the point of signing up the plan that gives you free children hospital plan and they do not giving your whole family a better coverage?

Sorry ah but what do you mean by commnity hospital? U mean after discharge still got coverage? For follow ups? :?

Any other family hospital plans that you feel is better? I heard NTUC one also not bad right? :love:

[kelamel]

Hi there,


I am working in iFa firm and do agree than ntuc is not bad after all especially for woman (before birth) but later in life once you know you not gg to have any babies anymore,consider switching to aviva (they have the cancer extra benefits)

However ntuc riders differs from aviva too.

erm i think not v nice to say too much right now as im new here and dont want to give the community the wrong idea…

[cmm]

Hi luvmum,


I just pm’d you the contact.