Have you ever wondered how you'd manage your daily expenses if you were hospitalized for an extended period? Or how you'd cover those unexpected out-of-pocket medical costs? GREAT Hospital Cash, offered by Great Eastern Life Assurance, is designed to address these concerns and provide you with financial support when you need it most.
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GREAT Hospital Cash is a health insurance plan that complements your existing health coverage by providing cash payouts during hospitalization . It's designed to offer financial support for your daily living expenses and additional medical costs that may not be covered by your primary health insurance.
Receive up to S$600 per day when hospitalized for 12 hours or longer. Coverage for up to 730 days per hospitalization.
Additional payout of up to S$1,200 per day if warded in ICU. Coverage for up to 60 days per hospitalization.
Lump sum payout of up to S$1,800 for hospitalizations lasting at least 3 days. Additional payout of up to S$1,800 if surgery is required (excluding day surgery). Payout of up to S$600 for day surgery.
Reimbursement of up to S$600 for outpatient treatment due to injury at the Accident and Emergency department.
Enjoy coverage for hospitalizations throughout your lifetime, subject to renewal terms.
5% renewal discount from the second year onwards, regardless of claim status. Additional 20% discount if you have GREAT SupremeHealth plan. 10% Child Discount on first-year premium for children (conditions apply).
Simple application process with just three questions.
Megan, a 6-year-old girl, was hospitalized for 5 days due to bronchitis. With GREAT Hospital Cash (Plan B), she received: - Daily Hospital Cash Benefit: S$200 x 5 days = S$1,000br>- Get Well Benefit - Hospitalization: S$600br>b>Total benefits received: S$1,600
Michael was admitted for cardiac arrest, underwent heart surgery, and spent 2 days in ICU followed by 3 days in a normal ward. With GREAT Hospital Cash (Plan C), he received: - Daily Hospital Cash Benefit: S$400 x 5 days = S$2,000br>- Additional ICU Benefit: S$800 x 2 days = S$1,600br>- Get Well Benefit - Hospitalization: S$1,200br>- Get Well Benefit - Post-Surgery: S$1,200br>b>Total benefits received: S$6,000
GREAT Hospital Cash offers four plan types to suit different budgets and needs:
Plan A: br>- Daily Hospital Cash Benefit: S$100 per daybr>- ICU Benefit: S$200 per daybr>- Get Well Benefit (Hospitalization/Post-Surgery): S$300 eachbr>- Annual premiums range from S$151.20 (ages 6-18) to S$1,212.30 (ages 71-75)
Plan B: br>- Daily Hospital Cash Benefit: S$200 per daybr>- ICU Benefit: S$400 per daybr>- Get Well Benefit (Hospitalization/Post-Surgery): S$600 eachbr>- Annual premiums range from S$256.50 (ages 6-18) to S$2,062.80 (ages 71-75)
Plan C: br>- Daily Hospital Cash Benefit: S$400 per daybr>- ICU Benefit: S$800 per daybr>- Get Well Benefit (Hospitalization/Post-Surgery): S$1,200 eachbr>- Annual premiums range from S$675.00 (ages 19-30) to S$3,874.50 (ages 71-75)
Plan D: br>- Daily Hospital Cash Benefit: S$600 per daybr>- ICU Benefit: S$1,200 per daybr>- Get Well Benefit (Hospitalization/Post-Surgery): S$1,800 eachbr>- Annual premiums range from S$969.30 (ages 19-30) to S$5,575.50 (ages 71-75)
Note: Premiums are inclusive of 8% GST and may be adjusted based on future experience.
Provides cash support during hospitalization , allowing you to focus on recovery without worrying about daily expenses.
Cash payouts can be used for any purpose, whether it's covering medical costs, daily living expenses, or loss of income.
Enhances your existing health insurance, filling gaps in coverage.
Receive benefits after just 12 hours of hospitalization.
Includes benefits for ICU stays, surgeries, and even emergency outpatient treatment.
Enjoy coverage throughout your life, subject to renewal terms.
Benefit from renewal discounts and additional discounts if you have other Great Eastern policies.
Be aware of the maximum coverage periods and benefit amounts.
Check if there are any waiting periods before certain benefits kick in.
Understand what conditions or situations are not covered by the policy.
Remember that premiums may increase as you age or based on claims experience.
Consider how this plan complements your current health insurance portfolio.
Check with Great Eastern for specific waiting periods, if any.
Consult with Great Eastern about options for upgrading your coverage.
Generally, pre-existing conditions may not be covered. Review the policy details for specific exclusions.
Contact Great Eastern as soon as possible after hospitalization. They will guide you through the claim process.
Yes, GREAT Hospital Cash is available for children from age 1 to 18.
GREAT Hospital Cash offers a valuable financial safety net for individuals and families concerned about the financial impact of hospitalization. With its flexible cash benefits, comprehensive coverage options, and attractive discounts, it can provide peace of mind and allow you to focus on recovery during challenging times.
However, as with any insurance decision, it's crucial to carefully consider your personal needs, existing coverage, and financial situation before making a choice. While GREAT Hospital Cash offers many benefits, it's designed to complement, not replace, comprehensive health insurance.
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Read the complete transcript of our expert discussion about GREAT Hospital Cash. This detailed analysis covers key features, benefits, and important considerations for potential policyholders.
Welcome to the deep dive, where we cut through the noise and get to the heart of what you really need to know. Today, we're taking a closer l
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