Anonymous

27 Feb 2020

∙

What are some ways to get good value out of insurance?

What are the best ways to maximise insurance as a financial tool? how do you ensure that you're getting your money's worth when buying insurance?

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Karan Malhotra

27 Feb 2020

Depends on your goal. What type of insurance? What is the coverage you're looking for? If this seems daunting it may be worth sitting down with a professional to figure this out. At the end of the day, you only get your money's worth when you can sleep peacefully at night knowing your needs are met by insurance. Best case is u never have to use it

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Davin

27 Feb 2020

Insurance is more like a safety net. If u r talking about value for money, I think term life is the 1 u can explore. And generally big company premium is higher for same coverage.
Look for those independent FA they will able to show u all products available in the market.

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Tan Li Xing

27 Feb 2020

Financial Consultant at Prudential Assurance Company (Singapore)

Hi Anon,

In what ways would you consider maximising insurance? Is it having a high surrender value?...

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Should I get life insurance or critical illness insurance first, then add on the other after, or get both insurances together? I'm looking at term till 65 or 70 yo. What is a good sum assured? Any policy recommendations?

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