Advertisement
Anonymous
Currently, I have the following :
PruPersonal Accident: $14.88/mth
PruShield Premier: $322.20/ yr via CPF
PruExtra: $45.76/mth
PruLady Plan C: $1316.46/year
PruTriple Protect: $1093.28/year
AIA Secure Term Plus: $397.67/year
AIA Premier Disability Cover: $343.5/year
These exclude another 2 endowment policies I have.
5
Discussion (5)
Learn how to style your text
Charmaine Ng
08 May 2020
The Value Maximizer at @ Every Ma La Xiang Guo Stall
Reply
Save
It looks like u r paying more than 10% of yr salary to insurance and that haven't include yr endowment plan.
Rule of thumb is not more than 10%.
U might want to talk to some good FA to restructure yr coverage.
Reply
Save
Hi there,
First off, great that you have purchased numerous insurance plans.
Sometimes, health con...
Read 3 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
Looking at these numbers I actually find it a little excessive.
Some essentials from what you have that I think you can keep: Prupersonal accident, PruShield Premier & Pru Extra. Hospitalization + Personal Accident plan is quite essential IMHO. Then for PruLady Plan C, usually Lady's plans are more expensive. Should compare and review if you actually need it right now.
Need to review your family medical history and whether you are the sole breadwinner at home. I do find PruTriple Protect good in the sense that it allows 3 times of claim but whether it is essential and necessary at this stage is another matter.
Speak to a qualified FA, and by speaking to them you don't have to take out another new plan with them. Preferably someone you can trust - any friends or family members perhaps? And endowment plan at age 24 - I think it's too early. Unless your pay is higher and have some spare cash else I'd rather you build on emergency funds.