Sunday, July 8, 2007

What Health Insurance do I need???

* All medical expenses paid - Medical Expense Insurance.
Example => Medishield, H&S Plans

* Fixed amount of cash for each day stay in hospital - Hospital Cash Insurance.
Example => Hospital Benefit Riders

* Reduce financial burden when diagnosed with major illness - Critical Illnesses Insurance
Example => Normally in form of Whole Life or Term Policies that cover 30 Critical Illnesses

* Protect your income when you are unable to work - Disability Income Insurance
Example => Normally come in form of term policies to cover this area

* Old aged care services when too old to look after ourselves - Long-term care insurance
Example => Eldershield

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