facebookDo you think having a hospitalistation, accident and life insurance plan is sufficient? For the life insurance plan, am going to check if it comprises of CI? - Seedly

Anonymous

07 Jun 2019

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Insurance

Do you think having a hospitalistation, accident and life insurance plan is sufficient? For the life insurance plan, am going to check if it comprises of CI?

Did consider to buy savings insurance previously but think will invest in SSB instead.

Discussion (11)

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Colin Lim

07 Jun 2019

Financial Services Consultant at Colin Lim

for saving insurance or ssb...

lets say today if insurance can offer u 2.15% per annum for 3/5years. vs a ssb 3years at 2.28% which 1 will u choose?

i share with my client ssb is not guaranteed in terms of interest but capital guaranteed. secondly, if death occurs, insurance company offer death benefit of a % on your net capital.
most of my wise clients will pick the choice of putting their savings into insurance company.
likewise for endownment plans or retirement plans... they have insurance features to cover your savings should anything happen to you. whereas your normal Fixed deposit, ssb, your normal saving accounts dont give these type of insurance benefits.

give a like to upvote me.
if u need advisory and purchase of products, you know who to look for..
😁✌

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Hospitalisation + term life + disability income insurance should be good.

Jason Sing

04 Oct 2018

School Of Hard Knocks And Life at School Of Hard Knocks And Life

You need ECI coverage with a rider but the problem is that ECI is usually very expensive. ...

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