Advertisement

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!

3

Discussion (3)

What are your thoughts?

Learn how to style your text

Yong Kah Hwee

25 Oct 2018

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 :)

Reply

Save

Jason Sing

25 Oct 2018

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.

Reply

Save

Nicholes Wong

25 Oct 2018

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 ...

Write your thoughts

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.

I have life insurance 101k. Pay off Oct 2031. Surrender $9481.50. I don't have coverage of: 1)10-15 years worth of annual salary for Death and TPD. 2) 3-5 years of annual salary for income protections due to CI. Should I get Terms insc ? how much?

I'm making decision for ECI plans. I am trying to weigh between Aviva MMPCI $780/mth till 75 and a whole life paying 25 years around $1.7-1.8k/mth from several insurers. Should I BTIR or just buy a whole life plan?

I’ve just gotten a whole life insurance policy from GE. Payable for 20 years that covers me till death. With CI&ECI at $180k coverage. ?

My insurance agent keeps telling me term is more expensive then whole life in the short term. Paying about 2.6k a year for whole life with ci and eci. Is is true that term is more expensive?

Related Products

Great Eastern GREAT CareShield

4.1

16 Reviews

$5,000

MAX MONTHLY BENEFIT

Unable to perform ≥ 1 ADL

MONTHLY PAYOUT CRITERIA

300% of first monthly benefit

MAX LUMP SUM PAYOUT

Unable to perform ≥ 1 ADL

LUMP SUM PAYOUT CRITERIA

Singlife Careshield Standard

5.0

2 Reviews

NTUC Income Care Secure CareShield

No rating yet

0 Reviews

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.

I have life insurance 101k. Pay off Oct 2031. Surrender $9481.50. I don't have coverage of: 1)10-15 years worth of annual salary for Death and TPD. 2) 3-5 years of annual salary for income protections due to CI. Should I get Terms insc ? how much?

I'm making decision for ECI plans. I am trying to weigh between Aviva MMPCI $780/mth till 75 and a whole life paying 25 years around $1.7-1.8k/mth from several insurers. Should I BTIR or just buy a whole life plan?

I’ve just gotten a whole life insurance policy from GE. Payable for 20 years that covers me till death. With CI&ECI at $180k coverage. ?

My insurance agent keeps telling me term is more expensive then whole life in the short term. Paying about 2.6k a year for whole life with ci and eci. Is is true that term is more expensive?

Advertisement