Medical Insurance

Our insurance needs change as we progress to different stages of our lives. Typically, one would have medical insurance which helps cover the medical expenses as well as those which provides a lump sum payment for permanent disability and death.

Life Insurance

Life insurance a fundamental component of any individual’s financial plan. It is meant to provide a payout in the event of death, total and permanent disability. There 3 common styles of products that address these, i) Term Insurance, ii) Whole Life Insurance and iii) Universal Life. All of these solutions address the need to providing a payout in the event of death.

Term Insurance/Whole Life

It provides a lump sum payment in the event Death or Total & Permanent Disability occurs. In some policies, we can extend to cover the different stages of critical illness as well. The main differences between a Term and Whole Life Policy is, a Term insurance is for a specific period of time, for example 10 years, while a Whole Life Plan covers a person for their entire life.

Critical Illness/Dread Disease

As the name suggests, such policies provide insurance cover in the event one is critically ill. There is a set of 37 agreed critical illness definitions by the Life Insurance Association of Singapore.

Savings/Endowment/Retirement

We all need to save, it could be for purchasing an asset, retirement or even children’s education. The key is to start early, the earlier you start, the easier it is to attain the financial goal.

Home Insurance

A home insurance policy is meant to reimbursement or repair damage to the structure of content in the property due to an event/circumstances that is beyond your control. When a fire breaks out or when there is a break in, reimbursement will be made to have compensate for the loss. Certain policies can also cover you for jewelry and handbags which you bring out of your home.

Personal Accident Insurance

A Personal Accident policy typically provides Medical coverage and a lump sum payment in the event the insured met with an accident and is permanently disabled or death. You can even extend it to provide you with a weekly payout in the event you are disabled due to an accident.

Motor Insurance

It is mandatory for all motor vehicles owners to have at least a Third Party Insurance cover. However, a comprehensive insurance would be our recommendation as it provides coverage for damage to your vehicle and your legal liability towards third parties.

Domestic Helper Insurance

Domestic helpers are eligible for mandatory insurance cover as set out by the Ministry of Manpower (MOM). Typical mandatory benefits include hospitalisation cover, personal accident, and cover for a bond to be placed with with MOM. You may also choose to include employer’s liability for additional peace of mind, or increase the hospitalsation benefits.

Pet Insurance

We love our furry friends! However, giving them quality medical care can be quite an expensive affair. With a good pet insurance cover, you have these costs insured so that you need not worry the next time you need to run to the vet.

Travel Insurance

As it’s name suggest, travel insurance is purchased for any overseas travel. These plans cover you for medical treatment, lump sum payments in the event of death/permanent Disability and travel inconvenience during the trip. Travel insurance can be covered for a single person, a group and even family.