facebook[Seedly Personal Finance Festival 2023] How Much Insurance Is Too Much? (Addressing Insurance FOMO & Getting the Most Value-for-Money Shields) - Seedly

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Edited 16 Mar 2023

Events

[Seedly Personal Finance Festival 2023] How Much Insurance Is Too Much? (Addressing Insurance FOMO & Getting the Most Value-for-Money Shields)

🔴 Happening on the side stage on 15 April 2023, 1.45pm

Speakers:

  • Thomas Kapeller, Group Head Insurance, Hyphen Group
  • Ling Seng Chuan, Head of Bancassurance, DBS Bank
  • Michael Wong, Chief Business Officer, IPP Financial Advisers
  • Chia Si Han, Content Manager, SingSaver

Ask your questions anything related to:

  • Understanding the difference between 'passable' and 'comprehensive' insurance coverage
  • Discerning how much insurance coverage you or your dependents need
  • Tips on how to optimise your premiums for the most coverage

To view what's happening at the festival, visit https://personal-finance-festival.seedly.sg/

Discussion (2)

What are your thoughts?

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There's a standard "formula" right now on how much coverage is enough, eg. for those with dependents, minimally 5 years of income for CI coverage, 3 years for ECI, etc. What are your thoughts on this "formula", and should we buffer in inflation costs too, and be abit more "kiasu", ie get more coverage - which some FAs are suggesting, or is that over-insuring?

If one has a stable job, can one rely fully on company's employee insurance coverage?

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