insurance

Insurance rider premiums expected to rise as more claims continue

The insurance claims on the Integrated Shield Plan had been on the rise and appear to weigh on the insurers, there might be a possible chance that the rider plan premiums might increase in the coming few weeks.

 

THE pressure of rising claims continue to weigh on the five Integrated Shield Plan (IP) insurers, with two moving to raise rider plan premiums, and another expected to follow suit in the next few weeks.

Riders are complementary products introduced by insurers to provide coverage for the co-insurance and/or deductible portions of the bill when claims are made under the IP. read more at businesstimes.com.sg

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