Cover for Individuals
At Galaxy, your financial security is our priority. We take the time to understand your unique personal risks and tailor a solution designed specifically for you. As your life evolves, we regularly review and refine your plan to ensure it continues to meet your changing circumstances-no matter how complex they may be.
In today’s busy world, we all face increasing business, family, and personal responsibilities. An unexpected illness, injury, or unforeseen event can make it difficult to meet these commitments. With the right personal insurance in place, you can have peace of mind knowing that whatever the future brings, you and your loved ones will have the support you need.
Medical Insurance
Rising healthcare costs present a growing challenge worldwide. A comprehensive international medical insurance plan can help cover the expenses associated with medical treatment, giving you greater financial protection and peace of mind.
Some plans also offer direct payment arrangements with medical providers.
Home Insurance
A home insurance policy helps reimburse or cover the cost of repairing damage to the structure or contents of your property caused by unforeseen events beyond your control. In situations such as a fire or a break-in, the policy can provide compensation to help cover the loss or repair costs.
Some policies may also extend coverage to valuable personal belongings, such as jewellery and handbags and even when they are taken outside your home.
Travel Insurance
Travel insurance, as the name suggests, provides coverage for overseas travel. These plans typically cover medical expenses, lump sum payments in the event of death or permanent disability, and compensation for travel inconveniences during your trip.
Travel insurance policies can be purchased for individuals, groups, or families, providing peace of mind so you can travel with confidence.
Personal Accident Insurance
A Personal Accident policy typically provides medical coverage and a lump sum payment if the insured suffers permanent disability or death as a result of an accident.
Some policies can also be extended to include a weekly payout in the event of a disability due to an accident.
Motor Insurance
Motor vehicle owners are required to have at least a Third Party Insurance coverage. However, we recommend opting for a comprehensive insurance policy, as it provides broader protection.
In addition to covering your legal liability to third parties, comprehensive insurance also covers damage to your own vehicle, giving you greater peace of mind on the road.
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
Life insurance is a fundamental component of any individual’s financial plan. It is designed to provide a payout in the event of death or total and permanent disability, helping to protect your loved ones and secure their financial future.
There are three common types of life insurance products that address these needs:
- Term Insurance
- Whole Life Insurance
- Universal Life Insurance
All three solutions are designed to provide a payout in the event of death, although they differ in structure, coverage duration, and features.
Term Insurance & Whole Life Insurance
Both Term and Whole Life policies provide a lump sum payment in the event of death or total and permanent disability. Some policies can also be extended to include coverage for various stages of critical illness.
The key difference between the two lies in the duration of coverage. Term Insurance provides protection for a specific period of time, such as 10, 20, or 30 years while Whole Life Insurance provides coverage for the insured’s entire lifetime.