These Policies Keep You Asleep at Night

You Should Buy These 3 Insurances If You Are in Singapore

Medical Expense:

• It ensures individuals have financial support to afford necessary medical treatments, consultations, surgeries, and medications without worrying about the burden of high healthcare costs.

• While Singaporeans and PRs have access to basic healthcare coverage through schemes like Medisave and MediShield Life, these may not fully cover all expenses, especially for private healthcare.

• Based on my experience, you may need to wait in a queue for approximately six months for a surgical operation in government hospital. If you prefer not to wait, you can consider upgrading your MediShield plan to cover expenses at a private hospital.

Critical Illness:

• Critical illnesses such as cancer, heart disease, stroke, and kidney failure are prevalent in Singapore and can have significant financial implications due to expensive treatments, long-term care needs, and loss of income during recovery.

• Critical illness insurance provides a lump sum payout upon diagnosis of a covered illness, allowing individuals to cover medical expenses, lifestyle adjustments, and maintain financial stability for themselves and their families during a challenging time.
  

Life Insurance:

• In Singapore, where the cost of living is relatively high, life insurance ensures that loved ones are financially protected and can maintain their standard of living, cover daily expenses, mortgage or rental payments, children's education, and other financial obligations.

• Life insurance policies often encompass a vital component known as Total and Permanent Disability (TPD) benefit. This particular provision serves as a safety net, extending coverage should the insured encounter total and irreversible disability.

• Additionally, life insurance can also serve as an investment or savings tool, with certain policies offering cash value accumulation or investment-linked features, providing a source of funds for future needs or retirement.

你在新加坡应该购买这三种保险

医疗费用保险：

• 它确保个人在必要时能够负担得起必要的治疗、咨询、手术和药物，而不必担心高昂的医疗费用。

• 虽然新加坡公民和永久居民通过Medisave和MediShield Life等计划可以获得基本的医疗保障，但这些计划可能无法完全覆盖所有费用，尤其是私人医疗方面的费用。

• 根据我的经验，在政府医院大约需要等待大约六个月的时间才能进行手术。如果你不愿意等待，可以考虑升级你的MediShield计划以便支付在私人医院的费用。

重疾保险：

• 新加坡普遍存在癌症、心脏病、中风和肾衰竭等重大疾病，这些疾病可能会因治疗昂贵、长期护理需求和康复期间的收入损失而带来重大的财务危机。

• 重疾保险在确诊保单所涵盖的疾病时提供一次性赔付，使你能够支付医疗费用、调整生活方式，并在困难时期为自己和家人维持财务稳定。

人寿保险：

• 新加坡的生活成本相对较高，人寿保险可帮助所爱之人在经济上受到保障，并能维持他们的生活品质，支付日常开支、贷款或租金、子女教育和其它的开销。

• 完全和永久残疾（TPD）福利通常在新加坡是受人寿保险保障的。该福利在被保人完全且永久性残疾，无法工作和谋生时提供保障。

• 此外，人寿保险也可以作为一种投资或储蓄工具。某些保单提供累积现金价值或与投资挂钩的功能，为未来或退休提供资金来源。