HSBC Life Shield Review

HSBC Life Shield is a health insurance plan that covers your hospitalisation needs, offers guaranteed renewability and a suite of value-added services to help you live well.

HSBC Life Shield product details

We rated HSBC Life Shield and HSBC Life Enhanced Cover as best for overall coverage, refer to our 3 Best Integrated Shield Plans And Riders In Singapore (2024 Edition) for a detailed write-up as to why.

• Non-participating policy – Integrated Shield Plan
• High Annual Policy Claim Limit
  • Be covered for hospitalisation fees up to S$2.5 million per year
• As-charged Coverage
  • Be covered for inpatient and pre-hospital treatments up to 180 days
  • Be covered post hospitalisation medical fees up to 365 days
• Preferred Consultation Fees with wide network of panel healthcare service providers including
  • General Practitioner (GP)
  • Specialist Panel (SP)
  • Physiotherapy panel
  • Dental panel
• 24/7 LOG hotline
  • Assist you to fix an appointment to visit a panel specialist
  • Arrange for pre-authorisation with both panel and non-panel specialists to determine if HSBC Life Shield LOG may be issued
• Complimentary telemedicine consultation and medicine delivery
  • Utilise telemedicine service in the comfort of your own home
• Additional Cancer Drug Treatment Limits and Coverage
  • Be covered up to 5X the MediShield Life claim limit for outpatient cancer drug treatments on the Cancer Drug List and services
  • Be covered up to 18x the MediShield Life claim limit for outpatient cancer drug treatments on the Cancer Drug List and services if HSBC Life Enhanced Care Rider is added
  • Be covered for Proton Beam Therapy, Cell Tissue, and Gene Therapy, and preventive treatments
• Overseas Treatment Coverage
  • Be covered as charged for emergency overseas treatment
    
    

Read About: Integrated Shield Plan: How does it work?

Read About: Integrated Shield Plan: 4 things you should be aware of

Features of HSBC Life Shield at a glance

Based on the option with the highest coverage, HSBC Life Shield Plan A

Inpatient hospital treatment

• Emergency overseas treatment: As charged, limited to costs of Singapore private hospitals
• Pre-hospitalisation treatment: Up to 180 days before admission
• Post-hospitalisation treatment: Up to 365 days for Public hospital/Panel specialist and Private hospital

Outpatient hospital treatment

• Chemotherapy for cancer: As charged
• Immunotherapy for cancer: As charged
• Renal/Kidney dialysis: As charged

Unique Benefits

• Preferred Consultation Fees with wide network of panel healthcare service providers
• Complimentary telemedicine consultation and medicine delivery

Note: HSBC Life Shield does not cover Deductibles and Co-Insurance

*IMPORTANT* An additional HSBC Life Enhanced Care (Integrated Shield Plan rider) has to be purchased for further coverage on Co-insurance and Deductible.

For further information and details, refer to HSBC Life website. Alternatively, fill up the form below and let us advise accordingly.

Read About: No budget for financial planning?

Read About: 3 Best Integrated Shield Plans and riders (2024 Edition) *Updated*

HSBC Life Shield may be suitable if you are looking for

HSBC Life Shield may potentially be a good fit if the following matters to you:

• Hospitalisation and medical insurance coverage
• Integrated Shield Plan or Integrated Shield Plan riders
• Reducing hospitalisation and medical expenses
• Paying premium using MediSave Funds
  
  

HSBC Life Shield may not be suitable if you are looking for

HSBC Life Shield may potentially be a bad fit if the following matters to you:

• Surrender value. Integrated Shield Plan and/or Integrated Shield Plan riders have no cash value
  
  

Further considerations on HSBC Life Shield

• How much will HSBC Life or HSBC Life Shield premium increase as I age?
• How does HSBC Life Shield compare with Integrated Shield Plan and/ or Integrated Shield Plan riders from other insurance companies?
• Can HSBC Life Shield fulfill my financial insurance, health and protection needs?

The above information may not fully highlight all the product details and features on HSBC Life Shield. Talk to us or seek advice from a financial adviser before making any decision about HSBC Life Shield.

Compare across all Integrated Shield Plans and riders!

Compare before you commit so you don’t have to regret it later on. Depending on your medical and hospitalisation needs, the premium payable differs across insurers. Why pay more for what you do not need or short-change on features and benefits by paying a little more?

Whatsapp us to let our friendly but Professional Licensed Financial Adviser understands your needs and work out a FREE comparison proposal for you.

Is HSBC Life Shield suitable for me?