What insurance should I get? I am going to ORD in July next month and starting my first full time in August, and how do I go about to choose with Insurance Agent I want to keen in knowing more? ? - Seedly
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Anonymous

Asked on 18 Jun 2018

What insurance should I get? I am going to ORD in July next month and starting my first full time in August, and how do I go about to choose with Insurance Agent I want to keen in knowing more? ?

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Kenneth Lou
Kenneth Lou
Level 9. God of Wisdom
Answered on 19 Jun 2018

Hi there, this is perfect because you will be ORD-ing very soon. I would highly recommend educating yourself first. It only takes maybe an hour max. You can read more here: https://blog.seedly.sg/working-adults-what-are-the-key-insurance-policies-you-should-get-in-singapore/

I Suggest: A Quick 30 min Exercise

  • Review your insurance policies (either by calling up your agent for a review, Google search)

  • Look for these 2 key essential type of policies: A Health policy (hospitalisation & surgical, private hospital cover) and A Life policy (Understand if it’s a term or life)

  • If you still need help, feel free to post it here on our QnA where many have done so before

  • Everything else is a bonus to have based on varying situation (The policy names may be fancy but their updated websites should clearly state which type of policy it is)

Most important ones are describe at the top: Health and Life policy. In fact since you are from the Army or MHA or Mindef, you should seriously consider the AVIVA Group Insurance policy. Extremely affordable and beffiting for young working adults :) Find out more why here: https://blog.seedly.sg/should-you-cancel-your-aviva-mindefmha-group-insurance-after-you-ord/

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Gabriel Tham
Gabriel Tham
Level 9. God of Wisdom
Updated on 07 Jun 2019

The more essential insurance to get are:

  1. Life insurance/Critical illness

  2. Hospitalization and surgical insurance (H&S)

You can add on other insurance such as disability income insurance, personal accident insurance.

How to choose agent?

  1. Same with all products, compare agents. You can get independent advisors, or company tied advisors. Get different quotations, compare.

  2. No one can force you to sign on a policy, so comparing is very important.

Or you can try out the DIY insurance portal: https://www.diyinsurance.com.sg/portal/home/

I not from DIYinsurance, but I like to use it. Quotation free one.

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Kenneth Lou
Kenneth Lou

19 Jun 2018

Lol nice one, 'Quotation free one' haha
Teo See Hwa
Teo See Hwa, MArketing Associate at Propnex
Level 5. Genius
Answered on 18 Apr 2019

Same question was ask by my OJT, I told them why don't they become one.

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