By now, you must’ve heard about the Integrated Shield Plan (IP), which is also known as hospitalisation insurance or health/medical insurance.
It is, by far, one of the most important type of insurance to have in Singapore.
Do you really know what it is and how it works?
In this guide, you’ll find out everything.
So, read on!
If an economy is improving, inflation is inevitable. The cost of goods and services will be rising over time.
If nothing is done to your liquid cash in the bank, its value will gradually diminish. And when it’s time for you to use the funds for your children’s education or for your own retirement, you might not have enough.
One alternative to deal with inflation in Singapore is through an endowment savings plan.
In this article, you’ll learn about what it is, how it works, factors to consider, the pros and cons, and more.
So, read on!
While term insurance plans have gained in popularity, whole life insurance could still play a part in your insurance portfolio.
If you’re looking to find out more about whole life insurance in Singapore, you’re in the right place.
In this article, we’ll cover what is whole life insurance all about, how it works, the differences between whole life and term life, the pros and cons, and more.
By the end of this article, you’d know whether it’s suitable for you or not.
So, read on!
Retirement planning should always be done as soon as possible.
If not, you may find yourself in a sticky situation where you don’t have enough financial resources for your desired retirement lifestyle.
While there are many ways to save for retirement in Singapore, a retirement annuity plan provides a decent combination of guarantees and potential upsides.
In this guide, you’ll learn everything about the annuity plan, including what it is, how it works, the pros and cons, etc.
So, read on!
Once you’re pregnant, you’ll certainly face this realisation: you’re obligated to take care of this soon-to-be-born baby, for a very long time.
Your current priorities and responsibilities need to be adjusted.
Couples wish everything to go well.
However, complications can happen with the pregnancy or when the child is born. That could mean digging further into your hard-earned savings.
In this guide on maternity insurance in Singapore, we’ll cover what it is, what it covers (and doesn’t cover), whether it is necessary, etc.
So, read on!
Critical illnesses (CIs), whether they’re in the early, intermediate, or late stages, can be devastating, not just on your health, but on your finances too.
We can reduce the chances of getting a critical illness by practicing healthy habits. Likewise, having insurance coverage will reduce the chances of a financial disaster if a CI strikes.
In this guide, you’ll learn everything about critical illness insurance plans in Singapore, including what it is, why it’s important, how much you should be covered, and the different types of CI coverages out there.
So, read on!
The term life insurance plan used to be unpopular.
But in recent years, it became one of the key insurance policies to have.
What changed?
With medical and technological advances, the mortality (or death) rates of Singaporeans have drastically decreased over the years, which led to longer life expectancies.
Because of that, term plans now reflect a lower cost of insurance compared to decades before. This meant that you’re able to get higher coverage at a lower cost.
To add on, insurance companies are aggressively competing with each other, which meant even more affordable rates for the consumer.
In this guide, we’ll cover everything you need to know about term life insurance plans in Singapore.
So, read on!
Buying a property requires a huge financial commitment, and for most of us, it’ll be one of the biggest assets we’ll own.
If you’re like the rest of us, our property loans can last for decades. During that time, a lot can happen. Uncertainties, such as being unable to pay off the mortgage loan due to unfortunate events, can be very worrying.
Having a mortgage insurance eliminates that financial risk.
If you’re looking for more information about mortgage insurance in Singapore, you’re in the right place.
In this guide, we’ll cover what is mortgage insurance all about, how it works, the different types of options (including HPS), and more.
So, read on!
Have you received letters telling you about ElderShield and you have no idea what it’s all about?
Or perhaps someone told you about upgrading your ElderShield and you wanted to know whether it’s worth it?
Rest assured.
In this ultimate guide, we’ll cover everything you need to know about ElderShield and its upgrade/supplements.
Make sure to read till the end to be well-informed on what ElderShield is all about.
(Update: CareShield Life has replaced ElderShield on 1 Oct 2020.)