Category Archives: Insurance

First up, you’re right. The government does subsidise your hospitalisation bills, to quite an extent. Every Singapore Citizen and PR is eligible for MediShield Life, which is a basic health insurance plan administered by CPF. This plan helps pay for large hospital bills and certain outpatient treatments like dialysis and chemotherapy. In that case, whyContinue reading “The government already subsidises my hospitalisation bills. Why do I need ‘private’ health insurance?”

I’m sure many of you have read/heard about the changes to the critical illness (CI) definitions outlined by the Life Insurance Association (LIA) Singapore. A handful of you would also have heard, perhaps from friends or other advisors, that the new definitions would be ‘harder to claim’. I, for one, had several of my clientsContinue reading “Key changes to the LIA’s CI definitions and why they are NOT all ‘stricter’”

So recently I’ve heard many conversations about the pros and cons of whole life versus term life and I thought I’d write an article to share my thoughts about it. This may be a little technical, but for those of you who are new to the world of life insurance, fret not! I’ll try myContinue reading “Here’s why whole life insurance still makes sense, explained with Big Macs”

Many of my clients are like me; in their 20s, just graduated from university and starting their first jobs. One question I get asked a lot is “Why do I need critical illness insurance so early? We’re still young what.” Some may ask, what is critical illness insurance? Well, simply put, it pays out aContinue reading “I’m still young, I don’t need critical illness insurance yet – Fact or fiction?”

If you’ve ever spoken to a financial consultant who said this to you, ki chiu! TL;DR it really depends on what life stage you’re currently in, considering all your existing liabilities. After all, insurance is about liability protection. To find out more, read on! While certain parts of this article may be applicable to otherContinue reading “My insurance agent said I need to make sure I have enough coverage worth 10 years of my annual income. Really meh?”