I am in my mid twenties and hope to get an insurance plan soon. Should I select one mainly based on the price? Are there any other insurance plans that I should consider? Is early CI necessary?

Hi Anon,

Just happened to see this question; just wondering if things have been better for you? Also before looking at CI coverage, have you gotten a personal accident policy as well? Cause I think once your have your hospitalisation covered, a personal accident plan would be good to look into.

Also, in regards to term or whole life, it really depends on what you are looking at, if you are looking to only have a short term coverage, then yes, definitely a term plan make better value as compared to a whole life policy. Of course the most ideal situation is to meet up with an agent and through the meeting do a proper needs analysis before advising you on something that suits your needs.

Also in regards to claims, I think sometimes it's not really just the insurer, the agent actually plays a vital part and you might want to go with someone you are comfortable with and you can trust. Do reach out if you have further questions

Since cost is a major factor use this website to buy direct purchase insurance, no commission and cheaper than buying from an agent. Just make sure after you chose the plan you want read their T&Cs and stuff.

http://www.comparefirst.sg