Cover for Individuals
At Galaxy, your financial security is our priority. We will identify your unique personal risks, then customise a solution that works for you. Then, as time goes on, we will review your solution, altering it to meet your changing life circumstances – no matter how complex your situation is.
In today’s busy world, we all face increasing business, family and personal responsibilities – and an unexpected illness, injury, or outside event could leave you unable to fulfil your commitments. However, with the right personal insurance, you can rest assured that no matter what the future brings, you will be supported.
Escalating healthcare costs poses a great challenge. Taking up an a comprehensive international medical insurance can help cover the cost of medical treatment. Certain plans facilitate direct payments to the medical services provider.
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.
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.
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.
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.
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,
- Term Insurance,
- Whole Life Insurance
- 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.