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Justin

Content Strategist at Seedly

26 Feb 2024

Insurance

Is there a comparison site for insurance premiums?

Discussion (4)

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Elijah Lee

Edited 12 Mar 2024

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi Justin,

For standardized products such as Direct Purchase Insurance, comparefirst would provide a comparison for you.

They also compare term, whole life, endowment and ILPs. However this is where it's close to impossible to have an apple to apple comparison. Due to the nature of such policies where there are very minute differences between the various plans, it's never the same and thus it becomes more of a place where you can get an idea of the features of different plans. A competent advisor would be able to highlight the key differences for you and advise further. An IFA would be able to generate comparion tables for various types of plans as well as highlight the differences. Insurance is, afterall, tailored for individual needs and personalized advice should be given if the situation warrants it.

Yes, there are several comparison sites for insurance premiums where you can compare different insurance policies and their premiums.

Some popular comparison sites include Planner Bee and Valuechampion. These sites allow you to input your details, needs and requirements, and then they provide you with a comparison table of insurance options from different providers (along with their premiums), for you to easily compare and choose the best option for your needs.

Albert Tan

27 Feb 2024

Financial Literacy & Partnerships at MoneyOwl

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