Most Singaporeans have an average of 2.6 policies per person but they may not be sufficiently covered*. For example, you may have insurance plans that offer general life protection but your health insurance coverage may be neglected.
Having more plans may not necessarily mean that your coverage is comprehensive. You should assess if your current plans cover you and your family adequately.
Below are different types of insurance plans and how they can help you secure financial protection. You may want to consider adding riders to your plan to enhance your protection. Riders are usually cost effective ways to increase your coverage against unforeseen events like personal accidents, illnesses and hospitalisation costs.
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Provides protection against death and total permanent disability over a specific period
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Typically used to give you greater insurance coverage during a particular period
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Premiums tend to be lower compared to whole life insurance plan because there is no cash value# accumulation
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