insuranceplan

  Breast cancer is the most common form of cancer to affect women in Singapore. With this in mind, insurers now offer breast cancer insurance plans for women in the country. These plans are affordable and can easily be purchased through the insurer’s health and wellness app or website. A breast cancer insurance plan will usually cover you against all stages of breast cancer. Under this form of coverage, the policyholder gets a lump sum payout if they are diagnosed with any of the stages of breast cancer. That payout can be used for any financial obligations you face.   Do I need breast cancer insurance? Given the high statistics of breast cancer occurrences in Singapore, you might want to consider staying protected with insurance. You would benefit greatly from having this coverage to back you up financially if you develop this type of cancer. Remember that being diagnosed with cancer takes a toll on many aspects of your life. You might not be able to go to work for ...

  Investment-linked policies (ILPs) are hybrid investment and insurance products. The premium you pay goes towards purchasing you some life insurance coverage and an investment in sub-funds. You may select these sub-funds on your own or get professional advice. An ILP is a really great way to dabble in investments as it offers you potentially higher returns based on the performance of the sub-funds. You also enjoy good flexibility in your choice of sub-funds – you may choose to switch between funds when you please. Plus, a lot of insurers allow you premium holidays, so your plan does not lapse if you can’t make payments for a while. Overall, an ILP could form quite an important product in your insurance portfolio. If you are planning to invest in an ILP for the first time ever, you could benefit from a bit of guidance. Here are a few questions to ask your insurer.     1.      What are the fees associated with maintaining my ILP? Insurance...

  Becoming a parent is a life-changing experience. Suddenly, the world seems such a different place…a place with a whole new meaning to living. Previous priorities such as going out on Saturday nights or splurging on branded clothes now give way to new ones, such as investing in your child’s future. As a parent, you would want to do everything you can to secure the future of the little baby whose tiny little feet cause a warm stirring in your heart. You get a baby crib with high bars, purchase only infant-safe products, and spend hours pondering over choices for the best nursery to send junior to in a few years. But what if…you are no longer around? The thought of leaving your child all alone in this world is scary indeed, frightening enough to knock anyone off their feet. And yet, life as we know it can be pretty unpredictable. It is important to ask ourselves certain important questions like – ‘How will my dependent spouse financially afford raising our child if I suddenly ...

  Just like we each have unique needs from insurance , our capacities to pay the required premium too differ. So, it only makes sense that insurance premium payment terms should be flexible too to ensure that everyone can afford to buy coverage as per their financial capacity. While some people prefer to pay a single premium towards their insurance, others might want their payments to be made annually or even monthly throughout the period of coverage. There is one more option of paying for cover known as a limited premium payment term. If you opt for a limited premium payment term, you pay the entire premium owed for a fixed period post which you continue to enjoy coverage until your insurance policy ends. Life insurance policies and normally allow you to pay for coverage with a limited premium payment term. Are there any benefits to opting in for a limited premium payment term? Yes, there sure are. Let’s take a look at some of the major plus points of opting in for this mod...

  Investment-linked policies (ILPs) are hybrid investment and insurance products. The premium you pay goes towards purchasing you some life insurance coverage and an investment in sub-funds. You may select these sub-funds on your own or get professional help. An ILP is a really great way to dabble in investments as it offers you potentially higher returns based on the performance of the sub-funds. You also enjoy good flexibility in your choice of sub-funds – you may choose to switch between funds when you please. Plus, a lot of insurers allow you premium holidays, so your plan does not lapse if you can’t make payments for a while. Overall, an ILP could form quite an important product in your insurance portfolio. If you are planning to invest in an ILP for the first time ever, you could benefit from a bit of guidance. To that effect,here are a few questions to ask your insurer.     1.      What are the fees associated with maintaining my IL...