Money and Me: Will your insurance rider downgrade cost you or save you money?

Money and Me: Will your insurance rider downgrade cost you or save you money?

From Live Well with Michelle by MONEY FM 89.3

June 10, 2026 · 25 min

About this episode

This episode discusses the implications of falling health insurance rider premiums in Singapore and what policyholders may be sacrificing in return.

Many Singaporeans are paying less for health insurance this year. The question is: what are they giving up? Major changes to IP riders are reshaping the healthcare insurance landscape. Hosted by Michelle Martin, this episode explores why rider premiums are falling sharply, what policyholders are giving up in exchange. Guest Chan Wai Kit, Executive Director of the Life Insurance Association Singapore, explains what the changes mean in practice, who might benefit from switching, and tackles the issue of later upgrades. Do lower premiums mean better value? New riders can cost substantially less, but what will policyholders bear more of when claims arise? Guest: Chan Wai Kit, Executive Director, Life Insurance Association, Singapore (LIA Singapore) See omnystudio.com/listener for privacy information.

People in this episode

Host: Michelle Martin

Guest: Chan Wai Kit

Topics covered

  • health insurance
  • insurance riders
  • premium changes
  • policyholder benefits
  • healthcare landscape

Keywords

  • insurance rider
  • health insurance
  • premium changes
  • policyholders
  • claims

Mentioned in this episode

Organizations: Life Insurance Association Singapore

Places: Singapore

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