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About First
Principal Financial |
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An Independent Financial Advisory (IFA) Firm, First Principal
Financial has been in operation since 1997. Focusing on objective
and impartial advice has enabled the company to be the leading
insurance brokerage for 7 years running. It currently has working
relationships with 7 banks, 7 life and numerous general insurance
companies, and distributes approximately 90% of all investment
funds available in Singapore. Not being tied to any financial
institution allows the Company to recommend solutions specific to
the unique needs of every client, extending into all areas of
financial planning, investments, insurance, savings, mortgage and
estate issues. |
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Other Benefits of
MyShield |
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1 |
Free coverage for children
till age 8 when both parents sign up for plan 1 or 2 |
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2 |
Highest annual limit of
$300,000 |
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3 |
Guaranteed lifetime
renewability |
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4 |
Extra coverage for 5 major
illnesses |
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5 |
Extra coverage for major
organ transplant |
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Highest outpatient (i.e.
kidney dialysis, etc) coverage of up to $150,000 per year
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Dear
friends,
As you may be aware, the reformed MediShield is supposed to help us
cope with major hospital bills. However, due to the limits imposed on
Medisave and MediShield, patients may need to top up a substantial
amount of cash for their hospital bills. In the findings of a Business
Times report dated 28th September 2005 , even enhanced Shield plans
offered by most private insurers offer limited help with a major
hospital bill.
Aviva's MyShield, however, changed the whole ball game with its As
Charged benefits, ensuring maximum payout by the insurer as well as to
protect us from rising medical costs. As illustrated in the Business
Times report ( 28/09/05 ) below, Aviva's MyShield is able to reimburse
between 32% - 76% of the hospital bill when other enhanced Shield
plans could only manage between 1% - 44%.
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