A 2021 report suggests that healthcare benefit costs for employers in Singapore is set to surge by 9 per cent this year. Plus, a global pandemic plaguing the world for over two years now adds to the worries of the general public, especially new parents like me.
First-time mums like myself are generally in a state of worry for their babies’ health and well being. Furthermore, keeping up with the additional increasing expenses is equally challenging. To address these concerns, I have learnt to lean on mini insurance plans, such as Prudential’s PRUSafe Guard 22 that cater to my specific needs without breaking the bank.
PRUSafe Guard 22 helps new parents by addressing specific worries and needs without having them commit to an insurance plan full-on. This is an ideal option for those who are not ready to commit to a full-fledged plan yet or are simply looking for something very affordable and tailored to their needs.
For example, parents who live in a neighbourhood with increasing dengue clusters can sign up for PRUSafe Dengue and those concerned about the COVID-19 virus can get the PRUSafe Guard 22 + PRUSafe COVIDCover. PRUSafe Guard 22 provides a lump sum payout for hospitalisation due to COVID-19 while PRUSafe COVIDCover provides daily coverage for hospitalisation due to side effects experienced from COVID-19 vaccination.
Prudential’s mini-plans act as a starter pack for new parents, freelancers and anyone looking to kickstart their protection journey. It's an ideal "mini-step" to get started. Furthermore, these plans are also great for those looking to enhance any existing plans and supplement their coverage, addressing specific concerns.
Now, why Prudential?
Now that we have established the benefits of mini-plans over one-size-fits-all full-fledged ones at least for those looking to get started on their protection journey with affordable options, let us understand why Prudential is an ideal choice to turn to.
There is indeed no dearth of options when it comes to insurance companies in Singapore but when it comes to the safety and security of my family, I trust Prudential. Here’s why: First things first, Prudential is a trusted brand. They have been around for a while, serving the financial needs of Singapore for over 90 years.
Plus, they are a reliable and trusted name being one of the market leaders in protection, savings and investment-linked plans, S$51.1 billion funds under management as of 2021.
Furthermore, they have evolved with time and efficiently cater to the younger audience that thrives in the digital ecosystem. Prudential enables easy, simple digital experiences with the Pulse by Prudential app. All their mini-plans are available for sign-up easily in the app and can be done quickly with just a few taps. Details about claims and other important policy documents can also be easily accessed through the app.
PRUSafe Guard 22 is my shield against COVID-19 and 21 other infectious diseases
About 27,000 children between the age of 5 and 11 have contracted Covid-19 in Singapore since December last year as per the Ministry of Health data.
Furthermore, witnessing a surge by 67 cases than in the previous week, Singapore saw 509 dengue cases in the week ending 2 April 2022. There are 159 active dengue clusters, with 33 red colour code clusters as of 18 April 2022 in the city-state.
As a new mum of an infant, I worry that I might get infected and might bring the disease home to my baby and family. Finances are a big part of this concern because as new parents we are still figuring things out with the additional expenses upon us.
This is where PRUSafe Guard 22 helps me sleep peacefully at night offering a wide range of benefits addressing mini yet significant matters. I get:
- S$500 COVID-19 Benefit- a lump sum payout upon hospitalisation due to COVID-19
- S$1,000 Infectious Diseases Benefit- a lump sum payout upon diagnosis of any one of the 21 infectious diseases including dengue fever
Why it is easy to choose PRUSafe Guard 22 for my many mini matters
To share more on why PRUSafe Guard 22 was an easy choice for me, this plan is one-of-its-kind in the market. It has been designed keeping young parents like myself in mind. PRUSafe Guard 22 is a bite-sized, specific and affordable microinsurance plan that meets my specific needs protecting me and thus helping me protect my family.
The mini-plans come with affordable premium of $26 for six months of coverage. These are no-frills, hyper-specific plans that enable me to only pay for the exact coverage I need and nothing more.
Furthermore, with PRUSafe Guard 22, I can build a portfolio with only the coverage that I need by stacking multiple plans. Last but not the least, these bite-sized plans are not only great stand-alone options as a starter pack for protection but are also an excellent choice for those looking to enhance any existing plans for specific targeted needs.
Sign up today!
If you are anything like me, super kiasu and always worried about the health and well being of your kids and family, take the first step to protect yourself against COVID-19 and other infectious diseases so you can be the best version of yourself- at peace and protected.
The PRUSafe Guard 22 is available for customers between 18-59 years old and is super easy to sign up in the Pulse by Prudential app. Learn more about the plan here and sign up today!
Disclaimer: This article is for your information only and does not consider your specific investment objectives, financial situation or needs. We recommend that you seek advice from a Prudential Financial Consultant before making a commitment to purchase a policy.
These policies are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA/LIA or SDIC web-sites (bit.ly/3KSlMRr or bit.ly/3K52Kq5 or bit.ly/3vpDaqq).