Compare health insurance- group vs. individual plan

Typically, this refers to health insurance coverage offered by a company to all its employees as an employment benefit.

A personalized health insurance plan designed for a single insured person and, if selected, their spouse/partner and dependents

While specifics differ across employers, group health insurance plans usually offer fixed, uniform coverage for all eligible employees.
Some companies may also extend coverage to employees’ dependents.
Group plans may be available as local plans (Singapore-only coverage) or global plans for worldwide protection.

Individual plans offer customized coverage tailored to personal needs and preferences, with options to enhance benefits based on your own requirements.

For employees, group health insurance is generally provided at no cost or at a subsidized cost by the employer.

Premiums vary depending on the coverage selected and personal factors such as age, health condition, and family medical history.

A low-cost or no-cost way for employees to gain medical and healthcare coverage through their employer

Offers greater flexibility to tailor coverage according to personal needs, including the ability to add riders and optional benefits

Coverage is defined by the employer, not the employee, and may not fully meet individual needs.
Plans are usually non-portable, meaning coverage ends when employment ends.

Premiums are fully paid by the individual and are not subsidized by an employer.