Advisory Plans
How Maravine evaluates senior insurance needs
Risk and needs profiling
Maravine uses a multi-dimensional profiling method to evaluate senior insurance needs that integrates medical history, functional status, family caregiving resources, and business capacity into a prioritized list of exposures to address. This process begins with detailed interviews and a review of existing policy documentation to identify overlaps, exclusions, and coverage gaps. We apply scenario modeling to project expected costs under plausible care paths — for example, home-based care with part-time nursing, assisted living transitions, or prolonged institutional care — and calculate the potential impact on liquid assets and ongoing revenue. The analysis also factors in premium inflation, policy benefit triggers, waiting periods, and typical claim adjudication timelines. Our deliverables include a written report with explicit rationale for each recommended policy or rider, alternative funding strategies, and an implementation checklist to reduce administrative friction when engaging insurers.
Objective side-by-side evaluation
When selecting a policy, Maravine performs a systematic comparison across product features, exclusions, and business terms to identify the most suitable solutions for senior clients. We evaluate plan definitions — for example, the exact triggers for long-term care payments or how critical illness is defined — because small differences materially affect benefit usability. The comparison includes premium trajectory estimates over time, potential rider combinations, co-payment structures, and provider network limitations. We assess each insurer’s claims handling reputation and typical turnaround times based on verifiable data and client experiences, and present the results in a clear matrix to show activity-offs between upfront cost, benefit certainty, and administrative ease. Recommendations emphasize practical alignment with the client’s anticipated care pathway and documented affordability under multiple future revenue scenarios.
Advisory Plans & Fees
Transparent pricing for focused needs
Intro Consultation
- 30-minute initial call to assess scope
- Outline of recommended next steps
- Access to a basic policy comparison matrix covering primary coverage types relevant to seniors in Singapore, including life-term, critical illness, and hospitalisation riders.
- Quarterly newsletter with regulatory updates and practical guidance on policy renewals and claims procedures tailored for senior policyholders.
- Personalised needs analysis and custom policy recommendations are not included in the free plan.
- Direct liaison with insurers to negotiate premium adjustments or bespoke underwriting options is not included.
Basic Advisory Package
- One detailed needs assessment session focused on retirement revenue protection and healthcare funding for seniors.
- Comparative report of up to five suitable policies from established Singapore insurers, with feature-by-feature analysis.
- Written summary of key activity-offs, anticipated costs over five years, and suggested rider options relevant to age and health profile.
- Assistance with application paperwork and submission guidance to minimise processing delays.
- Follow-up review 60 days after policy inception to verify documentation and beneficiary designation.
- Policy endorsements, claim advocacy, or ongoing collection management are not included in the basic package.
Professional Advisory Package
- In-depth personalised consultation including medical history review, cashflow modelling, and risk tolerance assessment specific to senior clients.
- Custom policy selection and comparison across life, health, and long-term care solutions with side-by-side cost projections to retirement age.
- Direct coordination with insurers on underwriting options, preferred rates where available, and application prioritisation.
- Claims support advisory and templated documentation to streamline any future claim submissions.
- Annual policy health review for three years with recommendations for consolidation, benefit optimisation, or policy transfer where appropriate.
- Access to educational seminars for families and caregivers on coverage scope, exclusions, and cost management strategies.
