Besides Avivia Mindef Group Term Life, what other health insurances would you recommend people to buy for someone who is still a young adult?

Hi there. I just wrote an a short article on Integrated Shield Plans. As there are too many different benefits from each provider, the most important thing is... what is your needs?

You need to identify what are the good to have (which you normally have to pay a premium) versus what are the essentials.

Do you really need a final expense? Hospice coverage? New technology like proton beam treatment for cancer? OR just basic hospitalisation?

Do take a look at ask more questions ro form your own answer based on your NEEDS.

https://www.linkedin.com/pulse/almost-complete-...

If you are a public servant, then you can consider the public officers group insurance scheme (pogis) under Ntuc income. this is similar to the one offered by Mindef group insurance. it may be even cheaper but main risk is that you will lose coverage if you leave public service.

it may be good to diversify and include other insurances as you have greater income and responsibilities, eg new house, new kids, marriage etc.

Hi, I understand your concerns. It's great that you're stepping up and preparing yourself with financial knowledge to plan well for your future. However, the cheapest does not always reflect adequate coverage. It's common for people to want to pay the least for insurance coverages.

For a young adult, your concerns would be:

• Health
• Planning for upcoming short term goals
• Working out a strategy for long term goals

With regards to your health, you should actively seek insurance to cover your

-- Hospitalization and Surgery (H&S) via a Integrated Shield Plan (ISP)

-- Personal Accident

-- Critical Illness

The main goal is to protect your ability to earn income.

With regards to short term goals, you should actively seek to grow your professional development, skillsets and explore ways to increase your income by choosing the right career or negotiating for a higher salary. Short term goals are goals that you will generally aim to reach within the next 5-10 years. Housing, wedding, birth of a child, these are considered short term goals if you're in your early twenties.

With regards to long term goals, such as buying a second property, children's education and retirement, having clarity on your long term goals will help develop a long-term strategy that works for you.

Feel free to contact me to learn more: https://cherietan.typeform.com/to/wdlOfu

1) Integrated shield plan for hospitalization

2) Term life for death, tpd and ci

There are protection only insurance plans.

Please, do not mix insurance with investments and buy ilp, endowments and whole life. These are very expensive plans with high premiums but giving low coverage and returns.