The majority of Singaporeans have an average of 2.6 policies per person but they may not be sufficiently covered*.
Having more plans does not necessarily mean that you are sufficiently covered. For example, you may have insurance plans that offer pure life protection but your health insurance coverage may be neglected. Therefore, 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 enhance your coverage against unforeseen events like accidents, illnesses and hospitalisation costs.
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Provides protection against death and total permanent disability.
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Typically forms the basic building block of your protection plan.
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Offers cash value# accumulation after a predetermined period.
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