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  Planning out finances should not be limited to just health insurance and property investment. Proper financial planning should also include retirement planning . You will eventually need to stop working. Without a steady source of income, you will have to find a way to get financially secure. This is where retirement planning comes in handy. Retirement planning provides enough income for an individual to live their life after retiring. It will also help you with medical emergencies, meet life goals, and be financially stable. Let us take a look at a few more reasons to plan for retirement at an early age. ·          Have a stress-free retirement: Retirement is a time for you to kick back and relax. You have been working hard all your life, and now with retirement, you have the time to go on vacation or pick up the hobbies you have wanted to.  The most important thing that comes out of a retirement plan is a stress-free life. This ...

Due to our busy lives, we often neglect to take care of our health. While some may be better prepared for medical emergencies, others may not be well prepared, resulting in a financial crisis. The cost of medical treatments has gone up significantly. To relieve the added stress of medical bills during illness, it is better to be prepared with good health insurance plans . Through this article, we will talk about different health insurance plans that would be right for you. Read further to know more. ·          Individual health insurance: An individual health insurance plan is one of the most commonly purchased health insurance plans. Under this plan, you will be provided coverage for an array of medical treatments, such as hospitalisation, surgery cost, day-care procedures and more. One of the best aspects of an individual health insurance policy is that those covered under the plan receive an individual sum insured... READ MORE :  Cho...

When considering taking out a critical illness insurance policy in Singapore, there are a few key things to keep in mind in order to make an informed decision and ensure that you have the coverage you need. Understand what is covered: Different critical illness policies cover different conditions, so it is important to carefully review the policy to ensure that it covers the illnesses that are most relevant to you. Some policies may also exclude certain conditions or have limitations on coverage, so be sure to read the fine print... READ MORE:   Things to Keep in Mind When Taking Critical Illness Cover in Singapore

  Health insurance plans help provide financial protection to an individual or their loved ones during medical emergencies. A good health insurance plan will pay for your hospital and other medical-related bills and make sure you are recovering and not worrying about your medical bills. Health insurance covers most common illnesses, but every plan has its own exclusions. Exclusions are defined as types of medical conditions or circumstances that are not a part of your coverage or certain diseases that can be compensated for only after a certain period of time. Health insurance plans differ from insurer to insurer, however... READ MORE :  What typical exclusions apply to health insurance?

  There is still an ongoing debate on public vs private medical care. In fact, you must be debating whether to opt for better and more expensive healthcare insurance or to opt for the affordable option with good coverage. Regardless, there is no conclusive response on the right decision. Either way, it depends on the needs and requirements of the individual. To help you understand better, we will state some of the differences between public and private medical insurance in Singapore so you can make your choice based on that.  ·          Accessibility: Everyone wants what's best for them and their loved ones when it comes to healthcare insurance. Private medical insurance can unlock a... READ MORE :  Private vs Public Healthcare Insurance in Singapore

  An integrated shield plan is a type of health insurance policy that is provided by private insurance companies. Under this plan, you are provided with higher coverage for hospital bills that you may have incurred in private hospitals or talking to a specialist of your choice. Medishield life coverage is a generic health insurance plan that helps pay for hospital bills and selected treatments. Also, medishield life plans are included in integrated shield plans (IPs). In March of 2021, Medishield life went under a series of changes that include higher claim limits and changes in deductibles. Before, those seeking treatment who have bought full IP riders would not be subjected to pay for the medical expenses out of their... READ MORE :  New rules for Integrated Shield Plans