Anonymous

23 Sep 2020

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CI insurance for someone who is graduating and doesnt have much insurance other than medical and hospitalisation insurance?

Hello! i would be graduating from uni soon but have yet to find a job :/ heard from my fren that the CI insurance T&C will get stricter in Aug so recommend me buy now. currently i only have medical and hospitalisation insurance. was thinking of PruActive Life or PruTriple Protect! from my understanding is that one is life while the other is term, am new to insurance so was wondering which would be more suitable for someone like me?

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PolicyPal

23 Sep 2020

Official Account at PolicyPal

Hi, it is great that you are aware of the importance of Critical Illness coverage.

We have done a summary and comparison across different Prudential Insurance Policies here. You can also check out this article where we analyzed and compared the best CI policies across different insurers.

Do check out our website where you can find quotations across different insurers. Do feel free to reach out to us on our Seedly Page if you have any other questions.

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Aaron Leow

07 Aug 2020

Do you have an income? The income factor will supersede the changes in CI for financial planning. Good to get it earlier, but take your income and financial standing into consideration first.

PruTriple Protect has higher multiplier claims, PruActive Life is a whole life, limited pay plan. They are structured differently and should not be compared side by side. They address very different circumstantial needs.

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Jonathan Soh

06 Aug 2020

Wealth Manager at Aviva Financial Advisers

Hi there. It is good that you are looking into insurance early. There are so many young people who d...

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How much are you paying for insurance? I'm 25, paying $400/month for hospitalisation, life (20 years payment then cover for life), ECI, CI, disability income of 2800/month. Is this a fair amount?

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I’ve just graduated and about to start my first job soon. What insurance plans should I consider (or should I even), given that the company already has insurance medical coverage for employees?

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Related Posts

Hi I would like to ask how much is too much for paying insurance? I’m 25 this year and I’m paying a total of $330 for my ILP, Personal accident, hospitalisation and CI.

How much are you paying for insurance? I'm 25, paying $400/month for hospitalisation, life (20 years payment then cover for life), ECI, CI, disability income of 2800/month. Is this a fair amount?

What happens if your parent is unable buy in hospitalisation insurances due to past medical history of cancer when she was younger. How much should we set aside for her for the future? Thanks!!?

I’ve just graduated and about to start my first job soon. What insurance plans should I consider (or should I even), given that the company already has insurance medical coverage for employees?

How much CI/ ECI did you purchase since the premiums are expensive? Based on rule of thumb, 5x annual income but it is very costly to be really fully insured. Do you self-insure partially?