There are several areas to cover when it comes to your healthcare needs. From pre-hospitalisation documentations to post-hospitalisation coverages, it is a lengthy process that requires careful consideration.
It will be an overall mentally and emotionally taxing period, which is why you need to be equipped with a trusted partner when it comes to health-related affairs. HSBC Life Shield is an integrated solution coupled with affordable premiums and a wide range of value-adding services to support you and your loved ones during troubling times.
It also gives you the option to easily upgrade your coverage with a simple and comprehensive rider, EVOL Enhanced Care. This will give you the protection and confidence you need to have a speedy recovery.
Types of Shield Plans
| Plan A | Plan B | Plan C |
|---|---|---|
| Policy year limit: S$2,500,000 |
Policy year limit: S$550,000 |
Policy year limit: S$150,000 |
| Lifetime limit: No limit |
Lifetime limit: No limit |
Lifetime limit: No limit |
| Major organ transplant: As charged |
Major organ transplant: As charged |
Major organ transplant: N/A |
| Inpatient pregnancy complications: As charged (300 days waiting period) |
Inpatient pregnancy complications: As charged (300 days waiting period) |
Inpatient pregnancy complications: N/A |
HSBC Life Shield Highlights
High Annual Coverage Limits
- HSBC Life Shield Plan A with private hospital coverage offers a high annual limit of up to S$2.5 million (If treated by EVOL Panel of specialists or at a Restructured Hospital).
Long Pre- and Post-Hospitalisation Coverage
- HSBC Life Shield covers you up to 180 days before admission and 365 days after discharge.
Lifetime Renewability
- HSBC Life Shield protects you for life with guaranteed renewability.
Exclusive Value-Added Services
- General Practitioners and Specialist Panel: The consultation fee is S$10 per visit for General Practitioners (GP) Panel and S$100 for the first visit & S$70 for subsequent visits for the Specialist (SP) Panel respectively.
- Letter of Guarantee (LOG): LOG of up to HSBC Life Shield annual limit can be issued prior to a hospitalisation or surgery if treated by EVOL Panel of Specialists.
- Physiotherapist Panel: First Physiotherapy session is S$130 and the Subsequent Physiotherapy session is S$110.
- Dental Panel: Dental Consultation Fee is S$15.
You can also consider tagging on EVOL Enhanced Care as an additional rider to your chosen HSBC Life Shield plan. This add-on increases your coverage with benefits such as:
- Emergency outpatient treatment due to accidents.
- Fractures, dislocations and sports injuries.
- Hand Foot Mouth Disease, dengue and food poisoning.
- Ambulance/taxi charges.
- Accommodation charges for immediate family.
EVOL Enhanced Care
According to the guidelines set by the Ministry of Health (MOH), all Integrated Shield Plan (IP) insurers must include co-payment features in their IP riders. As a result, EVOL has created a new co-pay rider, EVOL Enhanced Care, to assist customers in remaining cost-effective plans in the long run. EVOL Enhanced Care will be available as a rider to all HSBC Life Shield plans.
All HSBC Life Shield Deductible and Co-insurance amounts are covered but are subject to the EVOL Enhanced Care Deductible, Co-insurance, and Co-payment Cap.
| Treatments | Deductible (per policy year) | Co-insurance (per claim) | Co-Payment Cap (per policy year) |
|---|---|---|---|
| Restructured / Community Hospital | S$0 | 5% | S$3,000 |
| EVOL Panel Specialists | S$0 | 5% | S$3,000 |
| Non-Panel Specialists | S$1,500 | 5% | NA |
What happens to your MediShield Life Plan?
HSBC Life Shield is carefully designed to complement your existing MediShield Life Plan. In the event that you are hospitalised, you will have access to increased claim limits and value-added services comprising an extensive HSBC Life Shield Panel and LOG service. If you are a Public Service Officer or an immediate family member, you will also be entitled to a 10% discount on your first-year premium!
HSBC Life Shield is committed to shielding you from further complications and distress in the event of a health crisis. Resourceful and affordable, HSBC Life Shield is for anyone who is seeking an extension on their hospital coverages, affordable private hospital treatments, suitable homecare and high psychiatric benefits.
At EΛOL, we specialise in five key pillars that make us a leading Digital Financial Advisory Agency in Singapore. With our expertise in Retirement and Legacy Planning and our value towards people and their needs, we will see to it that you achieve financial health and be free of any future complications or worries. Should you have any concerns or questions regarding HSBC Life Shield, click here and our experienced financial advisers will reach out and assist you immediately.