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SINGAPORE –\u00a0Media
Ms Wong Sze Keed, Chief Executive Officer of
In the latest AIA Health Matters Survey 2021,
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Path to pandemic recovery still causing anxiety, <\/u>Singaporeans bogged down by fear of tackling
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Not only are Singaporeans concerned about
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The past year saw an
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The study also shines a light on how
Insights on
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As a leading life insurer, AIA Singapore is committed to doing more to provide
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Based on the AIA
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\u00a0AIA Singapore has also been
To learn more about AIA Singapore’s latest
\nOutReach<\/a>\u00a0– 15 April 2021 – AIA Singapore<\/a> today
\nannounced findings from a new study on the state of Singaporeans’ health at the
\none-year mark since COVID-19 was declared a pandemic. It revealed that fears
\nover income loss and job instability caused 91% of respondents to report declines in
\ntheir mental health. Around 60% of respondents are also deeply concerned about
\nthe added burden of other critical illness diagnosis such as cancer.<\/p>\n
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\nAIA Singapore, says, “While our nation is heading for a post-pandemic recovery,
\nmentally, we are still trying to navigate our way out of COVID-19
\nuncertainities. It is not enough to only take care of our physical health. This
\nconviction drives our holistic approach to protect the many aspects of our
\ncustomers’ wellbeing \u2013 such as financial, physical, and mental health \u2013 to enable
\neveryone to truly lead healthier, longer, better lives.”<\/p>\n
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\nthe study polled over 300 Singaporeans aged 30 to 55 across a spectrum of
\nworking adults that is representative of the the resident population.\u00a0\u00a0 <\/p>\n
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\nboth mental health challenges and critical illness. <\/u><\/p>\n
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\ntheir own health, but they are also feeling anxious about their family’s and
\nloved ones’ overall wellbeing. This further adds to the stress they have been
\ndealing with in the past year. <\/p>\n
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\nincrease in diagnosis concerns for critical illnesses (+10% compared to 2016),
\nwith cancer being the most pressing concern (73% are worried). There is also a substantial
\nincrease in stroke concerns, from 60% in 2016 to 68% in 2021. Amongst mental
\nhealth conditions, Anxiety and Major
\nDepressive Disorders were revealed to be the most prevalent. <\/p>\n
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\ndifferent segments of the working population are coping with mental health challenges
\nand critical illness worries:<\/p>\n
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\nbreadwinners stated that they are more likely to report when they are facing
\nmental health and critical illness conditions compared to women.\u00a0<\/li>\n
\nreported higher stress coping with daily stressors at work as compared to
\npre-retirees (aged 40 and above).<\/li>\n
\ncompared to older adults.<\/li>\n<\/ul>\n
\nSingaporeans’ ownership of critical illness plans revealed another issue:
\nmental health stigma still exists in society, which may stand in the way of
\nensuring adequate protection. Because of this stigma, while insurance plans
\nwith mental health coverage are available in the market, only 18%
\nreported that their critical illness plans or riders include mental health
\ncoverage. Amongst the different demographic groups surveyed, men and millennials are
\nmore willing to take up more extensive insurance plans such as those that
\ninclude mental health coverage. <\/p>\n
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\ncomprehensive support for customers, staff, and the wider workforce, including
\ntaking care of their mental health. Since taking the lead in launching the
\nfirst critical illness plan with mental health coverage in Singapore in 2019
\nwith the launch of AIA Beyond Critical Care<\/a>
\n(AIA BCC) \u2013 the first and only
\ncritical illness plan in Singapore to provide coverage for five prominent
\nmental illnesses: Major Depressive Disorder, Schizophrenia, Bipolar Disorder, Obsessive
\nCompulsive Disorder (OCD) and Tourette Syndrome (up to age 21). AIA BCC also
\ncovers health screening and provides a refund of total annual premium (less
\nclaims paid) at the end of the policy term. <\/p>\n
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\nHealth Matters Survey 2021, 95%
\nof respondents feel that being adequately covered for early to advanced stage
\ncritical illness is important. Addressing these needs, AIA Singapore has in place
\nan enhanced proposition where customers can have peace of mind knowing that
\nthey have a choice to be protected holistically from early to advanced critical
\nillness, inclusive of mental illnesses.<\/p>\n
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\ncommitted to:<\/p>\n
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\n350 people managers in AIA Singapore. These training sessions will teach staff
\nto identify common mental health issues and how to appropriately support their
\nstaff in good times and bad, thus creating more positive working environments
\nfor employees to thrive.\u00a0<\/li>\n
\nand corporate customers who make up about 1.2 million (or 1 in 3) members of
\nthe Singapore workforce. This complimentary access to resilience training for
\nmental health will better equip working adults to cope with the evolving challenges
\nposed by COVID-19 by practising positive habits daily.<\/li>\n<\/ul>\n
\nlimited-time offerings for holistic protection on critical illness and mental
\nhealth, please visit: https:\/\/www.aia.com.sg\/en\/campaigns-promotions\/acriticallygoodpromo.html<\/a> and https:\/\/www.aia.com.sg\/en\/our-products\/critical-illness-protection\/aia-beyond-critical-care.html<\/a>.<\/p>\n
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