artical-banner
BACK

2 Insurance Policies You Must Own

This article requires an average reading time of 1 minute 5 seconds. 


Insurance is not the most popular topic in any chill-out joints, or any place for that matter. But it is one of the most important personal financial planning issues to address first to ensure a peace of mind.

In the area of personal family and wealth protection, there are 2 insurance policies you must have:

1.  Health or Medical Insurance

This will handle the hefty medical bills that will be incurred for hospitalization, doctor’s consultation, surgeries etc. Without adequate medical insurance, you will have no option but to delve into your life’s savings to pay for your medical costs in case of accidents and illnesses. If a prolonged hospital stay is required, you may even be bankrupted by the medical bills.

2. Life Insurance

This is a must especially if you are the main breadwinner of your family. It protects your family from financial uncertainty in case you lose your ability to earn an income, either due to disability, death or sickness. There are various types of life insurance policies eg term policy, whole life policy etc to suit consumers of different profiles.

Life is full of unforeseen twists and turns; therefore, no financial plan is complete without insurance policies. Good personal insurance policies do not just cover you and your family in times of crisis, they also protect your savings and investments. This is why insurance is such a critical tool for risk management and personal financial planning.

Insure yourself, protect others.
Yours,
 

Like us at our Facebook Page. Request for a Free Life Insurance Quote or Buy your Personal Car Insurance today!
 
Disclaimer: All information, commentary and statements of opinion contained in this publication are for general information purposes only. They are not intended to be personalized financial or investment advice as they do not take into account your individual circumstances. You are advised to speak to a qualified financial consultant before making any financial decision. This publication should also not be construed as an offer or solicitation to purchase or sell any insurance or non-insurance products including any that may be mentioned here. Whilst we have taken all reasonable efforts to ensure that the material contained in this publication is accurate and informative, InsuranceGuru.com.sg and the author of this article do not warrant or guarantee its accuracy, reliability or completeness. InsuranceGuru.com.sg, its employees, parent, related companies, agents and the author of this article will not be liable for any direct, indirect, incidental or any other type of loss or injury resulting from your use of this content.
 
Copyright © 2023 InsuranceGuru.com.sg All rights reserved. No part of this publication may be reproduced, stored, transmitted in any form of by any means without InsuranceGuru.com.sg’s prior written consent.
 
If you are seeing this article sent through your email from InsuranceGuru.com.sg, it is because you had subscribed for it at some point in the past. If you do not wish to receive such emails in the future, you can unsubscribe by clicking here to submit your request. Thank you.
 

The author of this article, Mr Sean Ong is a Certified Life Coach, a Master Practitioner in Neuro-Linguistic Programming and a Chartered Financial Consultant who has been featured on the local TV and radio, having begun his career in the finance industry since year 2002. In his efforts to contribute to the society, Sean ran 1,000 km over 87 days to successfully raise more than $13,000 for a children charity in year 2012. He also published a book subsequently where sales proceeds were donated to charity. Sean completed his Masters of Science Degree in Technopreneurship & Innovation in year 2020 and was honoured in the Director’s List for academic excellence. He has keen interests in InsurTech projects and mental wellness initiatives for the youths. Above all, Sean counts knowing Jesus Christ as the most significant event of his life. He can be contacted at seanong@ippfa.com.

You Might Also like
Term or Whole-Life Insurance? Which One Should I Buy?
This article requires an average reading time of 2min 22sec.
 
There has been a long-running and seemingly never-ending “term policy versus permanent life insurance” debate in the insurance circle. Each side has ardent supporters as well as equally passionate detractors. Needless to say, both term policy and permanent life insurance policy have their strong and weak points. This article asks a number of questions and presents arguments from both sides of the debate to help you come to your own conclusion.
 
Read More
Life Insurance - Do I Really Need it ?
This article requires an average reading time of 1min 57sec.
 
Comprehensive personal financial planning encompasses everything from wealth protection using life insurance policies, growing your wealth with equities and properties, to wills and trusts for estate planning. Though life insurance is a vital element of financial planning, there are however, several misconceptions about it. Many people view it as an unnecessary burden on their financial resources. In the past, it was even viewed with distaste because of its association with death, accidents and other misfortunes. Fortunately attitudes are changing as public become more educated with the usefulness of insurance policies as risk management tools.
 
Read More
5 Questions on Pre-existing Conditions You Will Ask
This article requires an average reading time of 1min 23sec
 
Pre-existing condition is a common term used by insurance advisers whenever you buy any life insurance. It is often defined as “any condition or illness which existed or was existing or the cause or symptoms of which existed or were existing or evident, or any condition or illness which the Life Assured suffered or was suffering from, prior to the policy issue date.” In short, it simply means any medical conditions you have before buying this life insurance policy.
Read More
BE THE FIRST TO KNOW

Get updated and never miss our promo!

Subscribe
Contact Us

About Us

InsuranceGuru.com.sg is jointly owned by ALP Rocks Pte Ltd “ALP” and IPP Financial Advisers Pte Ltd “IPPFA”. ALP is a Singapore-registered Fintech company certified as an InsurTech provider. IPPFA is a Licensed Financial Adviser and Exempt Insurance Broker providing the insurance quotations and financial planning services for this website. In the event an individual has any questions or feedbacks pertaining to our collection, use, or disclosure of his/her personal data, or has any PDPA-related concern, it may be directed to our Data Protection Officer via dpo@insuranceguru.com.sg Please also see our Terms and Conditions and Privacy Policy on the use of this website.

Copyright © 2022 InsuranceGuru.com.sg.All rights reserved.

InsuranceGuru.com.sg is jointly owned by ALP Rocks Pte Ltd “ALP” and IPP Financial Advisers Pte Ltd “IPPFA”. IPPFA is a Financial Advisory Firm licenced under the Financial Advisers Act and Exempt Insurance Broker. ALP is a Singapore-registered Fintech company certified by Singapore Fintech Association as an InsurTech provider. ALP has been appointed by IPPFA as the administrator of this website.

All insurance quotations on InsuranceGuru.com.sg are provided by IPPFA with any financial advisory process to be conducted by a Financial Adviser Representative from IPPFA. Details of IPPFA’s license can be found at www.ippfa.com.