Medical Leave payouts 14 days per policy year. Hospitalisation leave payouts 60 days per policy year. Medical Leave payouts 14 days per policy year. Hospitalisation leave payouts 60 days per policy year. Accident or Injury Covered for accidents at work, outside work and illnesses. NIL NIL Remarks - Covers for pre-existing conditions. Will be insured after 12 months of being continuously covered under this policy. Covers for pre-existing conditions. Will be insured after 12 months of being continuously covered under this policy. Are these coverages enough? For Income Payouts, maximum coverage for FLIP is capped at $16, 800 ($200/day x 7 days/week x 12 weeks) while PML covers a maximum of $4, 800 ($80/day x 60 days). You will have to work out given your current take-home amount each month if this is enough coverage for you. Also, only buy the insurance that you need and can afford! Other Important Health-Related Matters and Insurances You Should Take Note Of: As a freelancer, you will also have to know a little about your CPF contribution as a self-employed person, as well as the different schemes that will be useful to you.
Well, let's say you're working on a project where you're comparing your client's product to "other national brands. " You choose an orange laundry soap bottle (no markings) and Tide slaps you with a libel case. Or, perhaps you're working on a sweepstakes marketing campaign and your client refuses to put some required fine print on the poster (in this situation, don't forget to save your communications). When they get hit with a huge government fine, they blame you for the omission. Is this type of insurance really necessary? If you work with corporate clients with strict legal departments, lawyers or other professionals who are very law-savvy, or heavy legalese (such as disclosures or sweepstakes-style campaigns), professional liability insurance might be a good safeguard for you. However, if you're working with clients who don't have the time or money to sue you unless you do something REALLY egregious, it's probably not worth the expense. General Liability General liability insurance, in my opinion, is the least necessary of the three for the typical freelance designer.
2. MediShield Life MediShielf Life includes coverage for class B2/C-type hospital wards in public hospitals. If you are looking to stay at more expensive wards in private hospitals, you will have to top up from your own pocket as payouts from MediShield Life will only cover a portion of your medical bill. Also, MediShield Life only covers selected costly outpatient treatments such as dialysis and chemotherapy for cancer. So for example, if you require outpatient treatment for more minor medical conditions like a flu, you will not be covered by MediShield Life. 3. Integrated Shield Plans For those who want an upgrade from their basic insurance coverage from MediShield Life, you'd get the Integrated Shield Plan, which provides greater coverage than MediShielf Life. These are provided by a list of private insurers. I will not delve into it here, but you can take a look at the Ministry Of Health's website for a better understanding. Do note that certain integrated shield plans may have riders that you can add to increase coverage.