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!
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 :)
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.
21 years old. Studying in polytechnic going ns next year but im planning to spend less than $50-$60 ...
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Great Eastern GREAT CareShield
GREAT CareShield Advantage
MAX MONTHLY BENEFIT
Unable to perform ≥ 2 ADLs
MONTHLY PAYOUT CRITERIA
300% of first monthly benefit
MAX LUMP SUM PAYOUT
Unable to perform ≥ 1 ADL
LUMP SUM PAYOUT CRITERIA
AVIVA MyLongTermCare CareShield
NTUC Income Care Secure CareShield
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