I'm 26F with 4.8k income (after cpf). Am I spending too much on health insurance and am I sufficiently covered? Currently only have 1 dependent (parent). Any advice?

Hey there!

Your health protection side is probably sufficient for yourself and number of dependents.

That said, financial planning entails protection and a wealth accumulation aspect. You might want to explore other alternatives to wealth accumulation, apart from having an endowment plan, such as exploring investment options. Depending on your risk appetite and time horizon, there are a variety of options available for you, whether it's a roboadvisor, ILP, RSPs or doing it on your own.

You might want to read up or speak to a trusted financial advisor to find out more! Financial planning is an integral part of life. You can reach me here to find out more.​​​

You are well covered within the financial guidelines. If there is a further increment in your income over the years, you should consider opting for a term plan till 70/80 for death and disability.​​​