insuranceplan

  Microinsurance refers to smaller, compact insurance products that offer specific coverage at affordable premiums. A microinsurance product is bite-sized; it usually targets a single condition or situation against which the insured individual might need protection. Many people are not aware of the existence of microinsurance products. Many others do not have enough knowledge on what these compact insurance plans can do for them. In an effort to create awareness, this article will give you an overview of the coverage you can expect from microinsurance in Singapore . What kind of conditions can be covered in microinsurance? These days, you can buy microinsurance plans for many diseases. Some of the most common microinsurance products include breast cancer insurance , prostate cancer insurance , and dengue insurance cover , among others. As stated earlier, microinsurance plans can be purchased to cover very specific conditions. This means that you cannot make claims for any o...

  An insurance savings plan offers a great way for you to meet your savings goals. It gives you the potential to earn higher returns than what you would normally get if you simply choose to keep money in a bank account. Plus, you get added protection that comes with the death benefit payout to your plan’s nominee. Now, there are many insurers in Singapore offering insurance savings plans. So, how do you pick the one that is right for you? To help you make that decision, we have listed down a few tips that will help you choose the best savings plan in Singapore.   1.     Examine your own financial goals To begin, you need to evaluate your own needs and expectations from your savings. For instance, if you are saving for a particular life goal – such as your child’s university fees – you need to keep the target sum in mind before choosing a plan. Next, you also need to check how much you can afford to contribute as premiums. Knowing your target and affordabili...

Cancer insurance keeps you covered against all stages of cancer with 100% payout upon diagnosis of the disease. Leading insurance providers in the country offer affordable cancer insurance plans that can cover you up to the age of 100 years. Given the high incidence of cancer in Singapore and our longer lifespans, it is advisable to consider getting this form of coverage. If you are new to cancer insurance plans, this article is just for you. Read on to discover 5 handy tips that can help you select a really good cancer insurance plan. 1.     Compare as many options as possible When buying any form of insurance, it is not advisable to pick the first option that comes your way. The same holds true for cancer insurance plans as well. Try to compare at least 3 to 4 plans from leading insurance providers in Singapore. Evaluate these plans on the basis of the coverage provided, sum assured, premiums charged, and added benefits (if any). Choose a plan that strikes the p...

  Life insurance is probably one of the most important forms of insurance out there. The coverage gives you immense peace of mind by assuring you that your family will be financially secured if something unfortunate happens to you. Now, when buying life insurance, you will have to choose between term life insurance and whole life insurance . Term life insurance only covers you for the specific term pre-decided by you at the plan’s start date. Whole life insurance covers you for the entirety of your life. In this article, we will take a look at the meaning of whole life insurance and what this form of coverage provides. What is whole life insurance? Whole life insurance is a form of insurance that covers you against death, terminal illness, critical illness, and total permanent disability. The coverage lasts for the entirety of the insured person’s lifespan. The premiums, however, need to be only paid for a certain limited period post which you continue to enjoy protection. Mo...