facebookHow 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? - Seedly

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Anonymous

18 Apr 2019

Insurance

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!

Discussion (3)

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 :)

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.

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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