Similar thoughts to what Jin Shun raised above.
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In terms of priority, it would be good to equip yourself with the following:
â
1) Hospitalisation Plans - Do take up additional private health insurance with the riders to protect yourself against huge medical bills. THIS IS A MUST HAVE
â
2) Early Critical illness - You may either opt for a standalone CI plan or a whole life plan which provides coverage for early stage critical illness. Coverage is suggested to be approximately 2x your annual income to tide you through the recovery process should the uneventful occur.
â
3) Personal Accident Plan - This form of insurance usually cost about $0.26 a day but provides you with medical reimbursement should you get into a minor accident or fall sick due to food poisoning or dengue. If your lifestyle also include high risk activities such as scuba diving, hang gliding, hiking, trekking, perhaps this may be more of a GOOD TO HAVE
â
4) Disability Income Insurance - Since you are single, it would be good to cover yourself should you be unable to work temporarily or for a longer term. This allows you to maintain your current lifestyle as it provides you with up to 75% of your last drawn income.
â
Having said so, it is important that you consider your needs and budget before deciding on any particular plans to get, and please do set aside some money for investment to tide you through retirement. Feel free to drop me an email at [email protected] should you require more clarifications.
Similar thoughts to what Jin Shun raised above.
â
In terms of priority, it would be good to equip yourself with the following:
â
1) Hospitalisation Plans - Do take up additional private health insurance with the riders to protect yourself against huge medical bills. THIS IS A MUST HAVE
â
2) Early Critical illness - You may either opt for a standalone CI plan or a whole life plan which provides coverage for early stage critical illness. Coverage is suggested to be approximately 2x your annual income to tide you through the recovery process should the uneventful occur.
â
3) Personal Accident Plan - This form of insurance usually cost about $0.26 a day but provides you with medical reimbursement should you get into a minor accident or fall sick due to food poisoning or dengue. If your lifestyle also include high risk activities such as scuba diving, hang gliding, hiking, trekking, perhaps this may be more of a GOOD TO HAVE
â
4) Disability Income Insurance - Since you are single, it would be good to cover yourself should you be unable to work temporarily or for a longer term. This allows you to maintain your current lifestyle as it provides you with up to 75% of your last drawn income.
â
Having said so, it is important that you consider your needs and budget before deciding on any particular plans to get, and please do set aside some money for investment to tide you through retirement. Feel free to drop me an email at [email protected] should you require more clarifications.