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Anonymous

18 Apr 2019

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?

As per the question. thank you! Important to always benchmark with my peers!

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    What are your thoughts?

    I'm 25, paying $68/month for hospitalisation, term life, ECI, CI, TPD, disability income. Apart from hospitalisation, I am using the MINDEF AVIVA insurance for the rest.

    As for whether it is a fair amount, you do not need to benchmark with anyone. As long as you are comfortable with the coverage that is provided, you are good to go :)

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      Jason Sing

      Jason Sing

      25 Oct 2018

      Level 10·School Of Hard Knocks And Life at School Of Hard Knocks And Life

      It looks okay to me since it is a whole life policy and you are covered for death, TPD, CI and ECI. But the question is how much you are covered for death, TPD, CI and ECI to have an overall assessment.

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        Nicholes Wong

        Nicholes Wong

        25 Oct 2018

        Level 10·Diploma in Business Management at Nanyang Polytechnic

        21 years old. Studying in polytechnic going ns next year but im planning to spend less than $50-$60 ...

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