HSBC Health Insurance Singapore

The Standard plan is the most basic coverage for medical and surgical expenses at restructured hospitals, for ward class B1 and below. There are two payable components - the "Deductible" which is a fixed amount to be paid by you as a policyowner before the HSBC Life Shield benefits and MediShield Life are payable, and the "Co-insurance" which is a percentage of the claimable amount that you’ll have to co-pay after the "Deductible".

HSBC Life Shield Plan A's premiums start from S$171.60 for ages 1 to 18, S$186.70 for ages 21 to 25, S$232.20 for ages 26 to 30, S$324 for ages 31 to 40, S$654 for ages 41 to 45, and so on. These prices listed above do not include the MediShield Life premiums. Premiums of the HSBC Life Enhanced Care rider for Plan A ranges from S$444.10 for ages 1 to 30, S$570.30 for ages 31 to 35, S$575.30 for ages 36 to 40, S$605.60 for ages 41 to 45, S$767.10 for ages 46 to 50, and so on.

HSBC Life Shield Plan B offers you the option of seeking treatment in a standard ward in private hospitals, and offers full "As Charged" coverage for your daily ward, treatment, ICU, short-stay ward, community hospital stays. Other benefits include up to S$50,000 per year for inpatient and outpatient proton beam therapy treatment, up to S$2,500 for inpatient psychiatric treatments, full coverage for MediSave-approved surgeries, inpatient major organ transplant, kidney dialysis, and more.

As of April 2019, all insurance companies in Singapore had to phase out any 100% cashless hospital check-out riders in a bid to curtail medical expenditure in Singapore. Also, due to the acquisition of AXA Insurance Pte Limited (AXA Singapore) in 2021 by HSBC, AXA Shield's previous 3 riders, AXA Basic Care, AXA General Care, and AXA Home Care have been phased out and replaced by the current HSBC Life Enhanced Care Rider which incorporates the mandatory co-insurance component (a minimum of 5% portion of the bill that you have to foot).

HSBC Life Shield is HSBC's flagship Integrated Shield Plan (IP) meant to supplement your MediShield Life health insurance plan provided by Singapore's Ministry of Health if you are a Singaporean or Permanent Resident (PR).

With HSBC Life Shield, you can customise your coverage according to your needs and budget. You can choose the coverage amount, and even include an additional rider such as the HSBC Life Enhanced Care Rider.

HSBC Prime Care is an individual hospital and surgical plan that specifically helps you manage your medical, surgical and hospitalisation needs with extra coverage.

HSBC Prime Care also provides a range of value-added services, including access to a 24-hour medical hotline for advice and support, as well as a second medical opinion service, which allows you to obtain a second opinion from a qualified medical professional on your medical condition and treatment options.

HSBC's SmartCare Executive comes in 6 plans – Plans A, B, and C, for private hospital treatments coverage, and Plans D, E, and F for public hospital coverage for you and your family members. The plan is customisable to meet your needs, offering coverage for surgical implants, major organ transplant, daily recovery income benefit, outpatient kidney dialysis of up to S$20,000 per year, 30% discount for co-payments and deductibles, and cashless hospital admission.

With the HSBC SmartCare Optimum Enhanced

, you’ll be covered up to the age of 80 and can claim up to the annual limit for eligible expenses like hospital room and board, ICU charges, surgeon's fee and other related hospital expenses.

An expatriate health insurance plan that gives you access to international private medical care globally, HSBC International Exclusive offers coverage and benefits for hospitalisation and out-patient treatments including comprehensive pregnancy and delivery benefits, in-patient and out-patient cover, pre-existing conditions coverage, 24-hour claims enquiry, newborn accommodation and HSBC’s International Emergency Medical Assistance.

The HSBC GlobalCare Health Plan by HSBC is available to both foreigners and Singaporeans and offers worldwide coverage for hospitalisation, outpatient treatments, and hospice and palliative care, pre-existing conditions, maternity expenses and newborn benefits. It has a very high annual limit of up to S$6 million and has 2 types of plans namely, Plan A and Plan B for you to choose from.

Other plans include Sapphire Prestige Income II, Variable Annuity, Jade Legacy Universal Life Plans, and Emerald Legacy Life III.

There are 2 types of health insurance plans, namely 1 international health insurance plan and 1 hospital expenses coverage plan called SmartCare Optimum Enhanced. HSBC does not offer any Integrated Shield Plans for Singaporeans and PRs.

Both types of insurance provide worldwide coverage, however, HSBC Life Band Aid has an age eligibility requirement of 15 days to 70 years old while SmartPA Protect+ allows all ages.

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