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Anonymous
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PolicyPal
08 Oct 2020
Official Account at PolicyPal
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On a general note, annual plans premiums are lower by 2% as compared to other payment frequencies.
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Elijah Lee
02 Oct 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hi anon,
All things equal, regardless of which insurer, you will save a small amount when you chang...
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Generally, for insurance premiums, paying annually is cheaper than monthly. Paying annually would likely save you a bit of money β however, paying monthly would be easier on your cashflow if the premiums are substantial.
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