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FINANCIAL SERVICES | Staff Reporter, Singapore

AXA enters Singapore’s Integrated Shield Plan market

It is the sixth insurer to offer ISPs.

AXA Life Insurance has been approved by the Ministry of Health as the newest Integrated Shield Plan (ISP) provider in Singapore.

AXA will launch AXA Shield, a Medisave-approved Integrated Shield Plan. It will offer post-hospitalisation coverage of up to 365 days for major illnesses, and offers an annual limit up to $1 million.

ISPs provide additional private health insurance coverage for Singaporeans on top of MediShield Life and can be paid with Medisave, up to certain limits.

AXA Shield will comprise of three plans; namely AXA Shield Plan A, Plan B, and the Standard Plan. Sales will start in May.

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