News
New IP rider premiums to cost at least 30% less, with one insurer offering an 84% reduction
1+ day, 2+ hour ago (1015+ words) All seven insurers will be launching new Integrated Shield Plan rider products by Apr 1 [SINGAPORE] Private health insurers gearing up for the launch of new riders have revealed that policyholders who switch schemes come Apr 1 could see premium reductions of…...
Six out of seven insurers raised premiums for Integrated Shield plans, riders in 2025
4+ mon, 1+ day ago (697+ words) [SINGAPORE] Citing pressures from rising claims, medical inflation and expanded benefits, all private insurers but one here offering Integrated Shield Plans (IPs) have increased premiums for most of these products or riders in 2025. Out of these seven insurers, six saw…...
Malaysia-based restaurant software platform FeedMe raises US$5 million
3+ mon, 3+ week ago (185+ words) The funding will be used to accelerate its expansion into the Thai market [SINGAPORE] FeedMe, a restaurant software platform based in Malaysia, has raised US$5 million led by Integra Partners with participation from Cento Ventures. FeedMe offers an "all-in-one" solution…...
HSA, SMF team up to help medtech industry navigate regulation
5+ mon, 1+ week ago (491+ words) [SINGAPORE] The Republic's medical technology (medtech) firms can now get help in navigating regulations under a new partnership between the Health Sciences Authority (HSA) and the Singapore Manufacturing Federation (SMF). The collaboration, which launched on Thursday (Oct 2), will combine SME…...
CareShield Life supplements: An extra hedge against rising long-term care costs
6+ mon, 1+ week ago (989+ words) For "super-aged" Singapore, heavy burden of care falls on public health services, families and personal finances [SINGAPORE] That we could live very long lives to our 90s and beyond is surely a blessing " but it"s also a daunting prospect, at…...
Trump pressures 17 pharma CEOs to cut US drug prices
7+ mon, 1+ week ago (581+ words) [WASHINGTON] President Donald Trump sent letters to the leaders of 17 major pharmaceutical companies outlining how they should slash US prescription drug prices to match those paid overseas, the White House said on Thursday. Trump signed a sweeping executive order in…...
Possible new not-for-profit private hospital to combat overcharging: Health Minister Ong Ye Kung
8+ mon, 1+ week ago (459+ words) [SINGAPORE] The Ministry of Health (MOH) is considering the possibility of a new not-for-profit private hospital as part of measures to combat overcharging, said Minister for Health Ong Ye Kung in a social media post on Tuesday (Jul 1). Should MOH…...
Most Singaporeans are unprepared and underinsured for long-term care: Singlife
7+ mon, 2+ week ago (811+ words) While long-term care costs close to S$3,000 a month on average, the insurance provider finds that more than half of those surveyed underestimate the amount [SINGAPORE] Only one in three Singaporeans have taken out additional insurance to cover the cost…...
Investment-linked insurance: No panacea for returns or protection
1+ year, 1+ week ago (231+ words) MANY Singaporeans gravitate towards products with some guarantee, such as participating and non-par insurance plans. But life insurance sales for 2024 threw up a surprise. Read more at The Business Times. Their returns are not certain, and the death benefit is…...
WealthBT: Investment-linked insurance plans costs, myths, and realities
1+ year, 4+ hour ago (565+ words) In the latest episode of WealthBT by'The Business Times,'host Genevieve Cua turns her attention to investment-linked insurance plans (ILPs). Delivering in-depth analysis and practical advice to help you make the critical decision - are ILPs right for you? Read more…...