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  We as a whole know about the significance of health care coverage. Regardless of whether you as of now have your own Integrated Shield Plan, MediShield Life helps in the truly difficult work of hospitalization costs during a disease. Be that as it may, relatively few know about the uniqueness of one more type of clinical service known as critical illness insurance . Indeed, a concentrate by LIA Singapore uncovered that functioning grown-ups in the nation face a critical illness inclusion hole of S$256,826. That is no little figure using any and all means. Critical illness insurance pays you a singular amount assuming that you are determined to have any of the fear sicknesses shrouded in the arrangement. This payout can be utilized as you consider fit – you can utilize it to pay for holes in your current inclusion or even to run your family while you get treatment. A diagnosis with critical illness often leaves a person unable to work as they receive life-saving medical treatment....

  We as a whole face the chance of a little setback once in a while. While, a little excursion or a slip may just leave us with a little sensitive that disappears in a day or thereabouts, there might be different occurrences that see us requiring more opportunity to recuperate. Regardless of how cautious you are, accidents can occur, it very well may be another person's issue or simply misfortune. In such a circumstance, it is ideal to be monetarily gotten with personal accident insurance . In the event that you haven't effectively got yourself an personal accident insurance cover, the following are 4 motivations behind why you should do as such right away. 1.       Provides payouts inclusion for minor disablements. If you have life insurance that covers complete super durable inability (TPD), you may ask why you want a different personal accident cover. Indeed, this is on the grounds that TPD covers intense wounds that leave crippled for over a half...

  Turning into a parent is without a doubt a groundbreaking encounter. Unexpectedly, your days and evenings are spent worrying over this little human who is presently the focal point of your reality. Probably the greatest worry that any parent would have is the expense of bringing up a youngster. Furthermore, with rising expansion, no measure of reserve funds can really be professed to get the job done. This is the place where protection steps in to help. A tough protection portfolio will have your back regardless costs you go over in focusing on your child. That you should simply pick the right kinds of protection to fit in this portfolio. Is it true or not that you are presently considering what inclusion is suitable? Peruse on to find out with regards to the 3 kinds of protection appropriate for new-conceived infants in Singapore. Newborn health care coverage Parents who are expecting should pursue insurance for newborn even before their youngster is born. This sort of pr...

  Consistent with its name, term insurance covers you for a not really set in stone residency. At the point when you purchase this type of disaster protection plan, you select the term for which you need to be covered. The term can run pretty wide – driving safety net providers in Singapore are known to offer term protection plans from 10 years to more than 80 years. Be that as it may, how can one suitably choose the residency of inclusion? Definitely there should be some measuring stick? Truly, the solution to those inquiries might vary from one individual to another. The residency appropriate for one individual may not be reasonable for another. A ton of things become possibly the most important factor while choosing the term for which you need inclusion. You should keep your remarkable monetary necessities in context and ponder the number of wards you have, in addition to other things. You may likewise need the term intend to agree with specific achievements in your day t...

  Our lives have been made easier by smartphones. You can use a smartphone to make a call, order food, buy clothes, set an alarm to wake up on time, and a lot more. In fact, most of us cannot even imagine our lives without our handy smartphones. All important functions on smartphones are carried out through apps dedicated to these functions. One of the most important apps that you should consider downloading is a health app . Leading insurers in Singapore have their own health apps that can bring a lot of utility into your life. Let’s take a look at some of the key features a health app can offer you. Health tips The long lockdown of the COVID-19 pandemic left many of us cooped up at home. Exercise and diets may get neglected in favour of binging on food in front of the television. As venues and activities have opened up again, it is now time to once again get back into routine. A health app can help you with all the necessary lifestyle tips you need to get back in shape and st...

  Numerous insurance companies have introduced their own mobile apps. These apps make use of personalised AI-powered and data-driven insights to support one in the journey towards leading a wealthier and healthier life. Furthermore, they also allow consumers to manage their insurance policies with just a few clicks! Signing up for an account is usually very easy. Some of the apps can even generate a 3D anatomical view of a person’s body that comes with a report as well. As these apps are relatively new in the industry, there are a lot of questions that arise from consumers who are keen to find out more details. Here are answers to a few common questions about such health apps. ●         Is it free to use? The first question that arises in everyone’s minds is whether such apps come with subscription fee. With the numerous number of free apps available in the market, consumers are used to using free mobile apps and hence most are reluctant to...

  An investment linked policy (ILP) is a plan that provides the individual with life coverage along with investment component. Many individuals invest in ILPs as they offer them the best of both worlds. However, some are a bit sceptical and prefer to keep their wealth accumulation goals distinct from their insurance plans. Unfortunately for these people, their scepticism may be holding them back from benefiting from one of the most powerful financial tools available in the market. Hence, to prevent you from losing out on the benefits that ILPs can provide, take a look at the 4 common misconceptions about ILPs. ●         You will be locked into a sub-fund Besides providing basic insurance protection coverage, an investment linked policy (ILP) has an investment component. The premiums you paid are used to pay for one or more sub-funds of your choice, according to your risk appetite. However, one of the most common misconceptions is that peop...

  Pregnancy is one of the most special and important phases in a woman’s life. T he anticipated arrival of a newborn bring joy and happiness to the expecting mothers and their families. During this period, it is important to ensure that both the mother and unborn child are well taken care of so that the expecting mother and everyone in the family can put their mind at ease and enjoy the incredible journey to parenthood.   A maternity insurance covers most of the expenses faced by a woman during her pregnancy since there are various complications that a woman may go through during her pregnancy period.  These complications can give rise to huge medical costs including hospitalisation bills. Hence to make sure, you have sufficient coverage against these costs, it is important that you buy a good maternity insurance plan. To make the right choice of insurance for the mother and child, here are 5 facts that you should know... READ MORE:  4 facts about maternity ...

  The purchase of a property is probably one of the most expensive deals that you make in life. It might be the case that you have spent a substantial fraction of your savings to purchase that dream home. However, people often neglect the fact that there may come a day when you may not be able to repay your home loan due to unforeseen circumstances such as death or becoming permanently disabled.    To avoid putting you and your family in a situation where you are unable to repay the home loan and risk losing the roof over your heads, you can purchase mortgage insurance which will offer you financial coverage during times like this.   ●         What is mortgage insurance? Mortgage insurance is a type of term insurance plan designed to protect you and your family if you are unable to make your home loan repayments. Upon making a claim, the insurer will pay off your home loan if you are unable to service your mortgage repa...

  When buying an investment linked plan , it is extremely critical that you ask yourself questions like “What is it that I aim to achieve out of my investment in an insurance plan?” or “Do I like choices and flexibility in a plan?”. There are people who would want to give priority to growing their savings for rainy days, while others may simply want to protect their family with an insurance coverage against what is unknown. Hence, if you are considering investing in an investment linked policy, you should also bear in mind certain factors like wealth goals and the viability of a policy to make sure it does not disrupt other financial commitments.   What is an investment linked plan (ILP)? An investment linked plan has both life insurance and investment components.   The ILPs come in two forms: 1.       The one where you pay single premium by paying a lump-sum once 2.       The one where you pay regular premiums o...

  Individuals invest their money in various insurance plans offered by many insurance companies to protect themselves against the financial crises they would otherwise face during emergency or unforeseen events in their lives.   There are various insurance plans offered by insurance companies available in the market.   Here are 3 main types of insurance plans that you should consider to ensure financial security for you and your family:   ●         Protection plan A protection plan is a life insurance plan that provides you with basic coverage against death, terminal illness, and total permanent disability. You can choose to enhance the coverage by adding critical illness protection to your plan. The lump sum payout from critical illness insurance can help relief you from financial strain if you have to stop working to focus on recovery. The insurance companies offer a range of protection plans that you can get. You shoul...

  Accidents happen when we least expect them to. A slip on the footpath while walking or a trip on a few computer cables at work can leave you with injuries that might require medical attention or even bed rest. We all also face the risk of more serious accidents such as a car accident especially while cycling on roads or, perhaps, an accident while operating machinery. All these accidents can bring along heavy medical expenses. You may even need to stop working for a while as you recover from the injuries sustained. Fortunately, you can now stay covered against the heavy expenses that accompany such accidents with the help of a personal accident insurance plan. In this blog, we will take a look at the coverage you get from a personal accident insurance plan. Let’s get started - Coverage for accidents A standard personal accident insurance plan in Singapore will cover you against accidental death and accidental injuries. If your accident has been sustained while commuting via ...

  You may have heard friends and colleagues discuss about critical illness insurance plans in Singapore. You may have wondered whether you need critical illness insurance at all. The answer is a definite YES! Curious to know why? Read on to discover what a critical illness insurance plan can do for you. What is critical illness insurance? A critical illness insurance plan pays the insured individual a lump sum amount if they are diagnosed with any of the critical illnesses mentioned in the plan. A good critical illness insurance plan will cover you up to the age of a 100 years and offer good room for customisability through supplementary benefits. Some of the supplementary benefits that you can opt for include – READ MORE :  What does critical illness insurance cover ?

  Dengue fever is a huge health concern in Singapore. The National Environment Agency (NEA) reported around 105 cases in the week ending on 2 nd October 2021. Dengue fever is transmitted through the bite of an Aedes mosquito. It causes symptoms such as fever, vomiting, body ache, headache, and bone pain. Patients often require hospitalisation for the treatment of dengue fever. What is dengue insurance cover? Dengue insurance cover is a special insurance plan that exclusively offers coverage for dengue fever in Singapore. The primary coverage offered by the plan is a S$500 benefit that gets paid out upon diagnosis of dengue fever. This plan also pays you a daily cash allowance of S$200 a day for up to a certain number of days as decided by the insurer (usually around 5 days). You can use this payout to afford any medical expenses you face for the treatment of dengue. The dengue insurance cover also generally gives a death benefit payout for those who pass away due to deng...

  As a Singaporean citizen or PR, you are covered for subsidised medical expenses by MediShield Life. However, you can only claim up to S$150,000 per policy year. Plus, there are individual limits for different sections of coverage such as daily ward and treatment charges, You might want to enhance your coverage by buying private health insurance too, as known as an Integrated Shield Plan. That way, you can increase your coverage limit and also benefit from access to a wider range of private and restructured hospitals in the country. If you are buying an Integrated Shield Plan for the very first time, this blog can prove to be helpful for you. Read on to find out a few crucial DOs and DON’Ts that you need to keep in mind when buying coverage.   ·          DOs when buying health insurance DO your research There are many good medical insurance companies in Singapore. Compare their health insurance plans on their websites to fi...

  Whether you are a Singaporean citizen or an expat, you need proper health insurance when living in the Lion City. While Singapore has some of the best hospitals in the world, the cost of treatment can get quite expensive. Singaporean citizens and PRs get coverage from MediShield Life for their health care expenses. However, MediShield Life is pegged at only class C/B2 wards in public hospitals. If you prefer other types of hospitals or wards, this coverage may be insufficient. Moreover, the annual claim limit of MediShield Life is capped at S$150,000 with further limits placed on specific treatments such as chemotherapy and kidney dialysis. If you prefer a private hospital, your treatment charges may go beyond these thresholds. In this case, you may want to consider health insurance known as an Integrated Shield Plan, that can help provide more extensive coverage. If you are planning to buy an Integrated Shield Plan for the first time, you may need a bit of help. Read on to...

  Marriage often marks the start of new beginnings in life for a couple. It is an extremely exciting time to plan milestones and financial goals together. As responsibilities set in – such as buying a home or starting a family – it will get harder to set finances aside for your retirement years. It is wise to consider creating a corpus of funds in the present so that the future is smooth. An insurance savings plan can help you in this matter. Today, we will take a look at how an insurance savings plan can help couples plan their future goals with ease. ·          Plan for major expenses in the near and distant future As a couple, you may be making plans for the future. You and your partner may envision building your own home together and buying a car in the years to come. You will even plan for bigger goals, such as starting a family and sending your children to university. Squirrelling away small sums of money in a bank savings acco...

  An endowment plan is an insurance product that combines life insurance, savings, and a bit of investment too. The insured individual receives a lump sum payout when the plan matures. In addition, there is death coverage included – theplan’s nominee will receive a death benefit payout if the insured individual passes away while the plan is still active. If you opt for a participating endowment plan, you stand to receive a payout with a guaranteed component and a non-guaranteed part as well. The non-guaranteed part depends on the performance of the funds your premiums have been invested in. An endowment plan has the potential to give you much higher returns than a bank savings account. You can either opt for a long or short term endowment plan depending on your goals. Endowment plans in Singapore can have premium payment terms that last anywhere from 5 to 30 years. The policy period itself can last anywhere from 10 to 30 years. In this article, we will take a closer look at so...