ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Microinsurance closes gaps in social safety nets

Supplementary health coverage and crop insurance are important anti-poverty tools in developing Asia

TOKYO   "I was very worried [about the hospital bill] because my father was in [intensive care] for a long time," said Sheryl Tan, recalling the two painful months leading up to her father's death last year. "So I was relieved when I heard that MediShield Life paid 28,500 Singapore dollars ($20,300) out of the total bill of S$30,000."

MediShield Life is Singapore's public medical insurance system, which covers expenses for serious illnesses. To support a rapidly aging society, the government has been enhancing state assistance. A policy change in November 2015 allowed people -- like Tan's father -- with existing health problems to enroll in the program. 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more