AIA vs Great Eastern Health Insurance Comparison 2024

Comprehensive head-to-head comparison of Singapore's two largest health insurance providers. Compare coverage, premiums, benefits, and customer experience to make the right choice.

Market Leaders | 63% Combined Market Share | Premium vs Value Positioning | Customer Satisfaction Compared

At a Glance Comparison

AIA

AIA HealthShield Gold Max

Premium positioning, global coverage

Market Share: 28%
Founded: 1931 (93 years)
Global Presence: 18 countries
Positioning: Premium/International
Avg Premium (Age 40): $1,580/year
GE

Great Eastern SupremeHealth

Market leader, value-focused

Market Share: 35%
Founded: 1908 (116 years)
Regional Presence: Southeast Asia
Positioning: Value/Regional Leader
Avg Premium (Age 40): $1,420/year

Key Takeaway

Choose AIA if you prioritize global coverage, premium benefits, and don't mind paying 10-15% more. Choose Great Eastern if you want the market leader with better value pricing and strong regional focus.

Premium Comparison Tool

AIA HealthShield Gold Max

$1,580
per year
$132 per month
Premium Position: Higher (+10-15%)
Value Proposition: Premium Benefits

Great Eastern SupremeHealth

$1,420
per year
$118 per month
Premium Position: Better Value
Value Proposition: Market Leader

Premium Difference Analysis

At age 40, AIA is $160 more expensive annually (11% premium). Over 20 years, this difference compounds to approximately $3,200.

Detailed Feature Comparison

Feature AIA HealthShield Gold Max Great Eastern SupremeHealth Winner
Annual Coverage Limit $2,000,000 $2,000,000 Tie
Lifetime Coverage Limit Unlimited Unlimited Tie
Overseas Emergency Coverage $2M global $1M regional AIA
Pre-existing Conditions Waiting Period 12 months 12 months Tie
Maternity Coverage $15,000 $12,000 AIA
Outpatient Cancer Treatment $300,000/year $300,000/year Tie
Mental Health Coverage $50,000/year $30,000/year AIA
TCM Coverage $3,000/year $2,500/year AIA
Wellness Benefits AIA Vitality Program LIVE GREAT Program AIA
Hospital Network All major hospitals All major hospitals Tie
Cashless Claims 95% hospitals 98% hospitals Great Eastern
Claims Processing Time 10-14 days 7-10 days Great Eastern

Customer Experience & Service

AIA Customer Experience

Customer Satisfaction

β˜…β˜…β˜…β˜…β˜†
4.2/5 (2024)

Digital Experience

  • AIA+ mobile app with health tracking
  • Online claims submission
  • Digital policy management
  • Vitality wellness rewards program

Customer Support

  • 24/7 hotline support
  • Live chat available
  • 38+ service centers
  • Global assistance network

Strengths

  • Comprehensive wellness programs
  • Strong global coverage
  • Premium brand reputation
  • Advanced digital features

Great Eastern Customer Experience

Customer Satisfaction

β˜…β˜…β˜…β˜…β˜…
4.5/5 (2024)

Digital Experience

  • GREAT Mobile app
  • Online policy services
  • Digital claims processing
  • LIVE GREAT rewards platform

Customer Support

  • 24/7 customer service
  • WhatsApp support available
  • 50+ branches nationwide
  • Mobile service units

Strengths

  • Fastest claims processing
  • Largest service network
  • Strong local market knowledge
  • Competitive pricing

Claims Experience Comparison

Claims Approval Rate

95.8%

Industry average

AIA Processing Time

12 days

Average processing

GE Processing Time

8 days

Faster processing

Claims Process Comparison

AIA Claims Process

1

Submit claim via app/online

Digital submission available 24/7

2

Document verification

AI-powered document processing

3

Assessment & approval

10-14 days average processing

4

Payment processing

Direct bank transfer or cashless

Great Eastern Claims Process

1

Submit via multiple channels

App, online, WhatsApp, or branch

2

Fast-track processing

Streamlined verification system

3

Quick assessment

7-10 days average processing

4

Rapid payment

Same-day payment for approved claims

Who Should Choose Which?

Choose AIA If You:

Value Global Coverage

Frequent business traveler or expat planning to relocate. AIA offers superior overseas emergency coverage ($2M vs $1M) and global assistance network.

Want Comprehensive Wellness

AIA Vitality program offers premium rewards, Apple Watch benefits, and comprehensive health tracking with premium gym partnerships.

Don't Mind Premium Pricing

Higher income earner who prioritizes comprehensive benefits over cost savings. The 10-15% premium is worth it for enhanced coverage features.

Prefer Premium Healthcare

Value higher mental health coverage ($50K vs $30K) and maternity benefits ($15K vs $12K). Perfect for growing families.

Choose Great Eastern If You:

Want Better Value

Cost-conscious but still want comprehensive coverage. Save 10-15% annually while getting market-leading benefits from Singapore's largest insurer.

Need Fast Claims Processing

Prioritize quick claim settlements. Great Eastern processes claims 50% faster (8 days vs 12 days) with 98% cashless hospital network.

Prefer Local Market Leader

Trust the established market leader with 35% market share, 116-year history, and deepest understanding of Singapore healthcare system.

Want Superior Service Access

Need extensive service network with 50+ branches, mobile service units, and WhatsApp support. Better accessibility for seniors.

Expert Recommendation

For Most Singaporeans: Great Eastern

  • Better value proposition (10-15% savings)
  • Fastest claims processing in market
  • Largest service network and accessibility
  • Market leader with proven track record
  • Higher customer satisfaction (4.5 vs 4.2)

For Global Professionals: AIA

  • Superior global coverage and assistance
  • Comprehensive wellness programs
  • Higher coverage limits for specialized benefits
  • Premium brand with international recognition
  • Advanced digital health tracking features

Pro Tip

Both insurers offer excellent coverage meeting Singapore's IP standards. Your choice should depend on whether you prioritize value and service efficiency (Great Eastern) or global coverage and premium benefits (AIA). Consider getting quotes from both to see the exact premium difference for your age and health profile.