I came across an article by bumblebeemum on hospitalization cost. As a new mum, I have heard from my colleagues children fall sick easily and it is important to get a hospitalization plan or get your children covered under the company medical plan. Else, the medical bills will take you back financially.
As I shared in my previous post, you can redeem Great Eastern SG50 Gift Pack. The gift pack includes a insurance voucher gift (worth S$108 in value) which can be used to purchase a
SupremeHealth A Plus Plan ("Insurance Voucher") for all newborns. You can view more info about the Health plan here. Unfortunately, you can't purchase the plan online, you will need to meet up with the Insurance agent and you can only buy 15days after the baby is born.
We are also planning to get a Savings/ Endowment Plan for baby University fees. The hubby advises to get a plan where premium is to be paid for 20 years and the plan to be under parent's name. Else, when the plan matures, we fear baby might not be able to handle such a big sum of money given her young age. Instead of using it for her education fees, she buys a car/ go travelling. I will share more on the plan once we have done our comparison among the various insurance companies.
A few of our friends recommend that for baby vaccinations, growth monitoring and development progress, we can do it at polyclinics. If you have an appointment and you are punctual, the waiting time is quite fast. Some of the vaccines are FOC or you can use Child Development Account (CDA) account to pay for enhanced vaccinations. More info is avail here.
Love,
Sherlyn
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