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PolicyPal

PolicyPal is a free digital management platform that provides you with personalized financial review and action plan.

PolicyPal

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PolicyPal is a free digital management platform that provides you with personalized financial review and action plan.

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Official Account at PolicyPal

PolicyPal

Top Contributor

Official Account at PolicyPal

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PolicyPal

Insurance

Can I get Insurance for my Pet?
Yes, you can! Currently, there are 4 main insurers in Singapore that provide Pet Insurance plans for dogs and cats. They are - Paw Safe (AIA Insurance) - PetCare (Liberty Insurance) - HappyTails (AON Insurance) - My Paw Pal (CIMB Bank) We have conducted a detailed comparison across the different policy here. Do check it out!
ūüĎć 2

PolicyPal

Insurance

AXA SmartPersonal Accident

Will an individual be able to make claim under the Personal Accident plan if he or she is injured while playing an extreme sport?
This is dependent on the capacity in which you engage the sport. A standard Personal Accident plan typically does not cover injuries sustained from sports that are played in a competitive capacity and extreme sports such as cliff jumping or big waves surfing. However, if it is played as a past time or leisure, they can be covered under the Personal Accident Plan. To find out more, do check out here
ūüĎć 2

Fresh Graduates

Insurance

Life Insurance

Whole Life Insurance

How much coverage should I get for whole life insurance as a fresh grad?
As a general rule of thumb, it is recommended that you spend around 10% of your income on Insurance products. Ensure the basics such as hospitalization and critical illness plans that would cover you from the hefty medical fees in the unfortunate event that you encounter a medical emergency. Some good health insurances you can consider are AXA Shield by AXA (only insurer with outpatient and PA benefits embedded into the cash rider) or the Great SupremeHealth by Great Eastern. You might also want to add on or purchasing a Critical Illness plan to ensure you are well covered. Feel free to contact us if you require a detailed analysis based on your personal financial situation.
ūüĎć 0

Insurance

Undergraduate

Term Life Insurance

Personal Accident Insurance

As an undergraduate, what insurance should I be getting, and how much should I be covered for?
Ensure the basic such as hospitalisation and critical illness plans that would cover you from the hefty medical fees in the unfortunate event that you encounter a medial emergency. Some good health insurances you can consider are AXA Shield by AXA (only insurer with outpatient and PA benefits embedded into the cash rider) or the Great SupremeHealth by Great Eastern. You might also want to adding on or purchasing a Critical Illness plan to ensure you are well covered. You can consider uploading your policies on the free PolicyPal's platform. From there you can easily manage your policies online and understand your coverage. We also help identify any potential lapse in coverage.
ūüĎć 0

Insurance

Hospitalisation Insurance (H&S)

Critical Illness (CI)

Whole Life Insurance

Life Insurance

I have been working for 3 years (27 this year). My take home pay is about 3.5k. How much should all my insurance cost? Is 10% of 3.5k a good gauge?
Generally, the recommended amount to spend on Insurance products is 10% of your income. However, do note that this does differ for different individuals based on your personal financial commitments. You can consider uploading your policies on PolicyPal platform. Our free platform helps you to manage different coverage you have and identify potential lapse in coverage. You can check us out here.
ūüĎć 0

Critical Illness (CI)

Insurance

I understand some CI plans have already switched to the new definitions, although it is not Aug yet. Could GE/Aviva agents help to verify my plans? Any other plans with the new definitions already?
Hi, Feel free to upload your policy on PolicyPal. We can also arrange an appointment with a Financial Advisor for you to review your plan.
ūüĎć 0

Savings

Comparison

Insurance

Car Insurance

Where can I get Singapore car insurance quotes online?
Hi, Feel free to check out PolicyPal. You can get quotations from different Insurance Providers on our website.
ūüĎć 0

PolicyPal

ValueChampion

Investments

Insurance

Whole Life Insurance

Term Life Insurance

I am in my mid 40s. I have life insurance 60k, term insurance 100k and Enhanced medishield. I have 800 to spare each month. Should I invest or buy more policies?
You have to consider your current and future life goals before deciding whether to buy more policies. 1) Current Insurance Coverage - Is it sufficient to fund your liabilities, commitment, and debts? - Is it sufficient to take care of your spouse and children for the years you are supposed to take care of them when we are still working and alive? 2) Retirement - Is your current investment and wealth accumulation portfolio sufficient to fund your retirement expense (factoring in 3% general inflation)?
ūüĎć 0

PolicyPal

Critical Illness (CI)

Life Insurance

Health Insurance

Insurance

Does Critical Illness Plan cover Diabetes?
Diabetes is not considered a Critical Illness condition. There is no pay-out for it. However, some Critical Illness Plans consist of a special pay-out called Special Benefits ‚Äď which covers non-Critical Illness related conditions This includes diabetes complications. You can get 20% of your sum assured or $ 25,000 pay-out (it will not affect or accelerate your base sum assured) whichever is lower. These are critical illness plans that provides coverage specifically for diabetes. They provide coverage for all types of diabetes, providing you the financial security should you be diagnosed with the illness. Some examples are Aviva Mycore CI, Manulife Critical SelectCare, and AIA Diabetes Care. Feel free to visit our page if you have any queries.
ūüĎć 0

Whole Life Insurance

Term Life Insurance

Insurance

Life Insurance

PolicyPal

What are the different types of Life Insurance? What are the differences between them?
"There are 3 main types of life insurance. Term Life Insurance Term Life Insurance covers you for a period of time (the term), after which it will expire. It provides basic protection at an affordable price. Whole Life Insurance Whole Life Insurance, as its name suggests, covers you for your whole life. As such, it requires a higher premium than Term Life Insurance. However, it can be an investment option as it has a cash value that can be obtained when you surrender or as a death benefit. Investment-Linked Insurance Insurance-Linked policies are investment plans that include life insurance coverage. Do check out our article to understand them in greater details."
ūüĎć 1
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