Asked by Anonymous

What insurances should my 65 years old retired parents get?

My parents have never bought any insurance in their lifetime. Couple years back, I bought the hospital insurance for them. While I am quite tight on my budget, should I be looking at other type of insurances? What will they be? Thank you in advance!

1
0
Share this
Answer this question
Add
Add
Select
Clear
Add
Write your answer

Answers (1)

Sort by:
Most Upvote
  • Most Recent
  • Most Upvote
    • Jin Shun Chia, Senior Financial Consultant at Prudential
      39 Answers, 62 Upvotes
      Answered on 10 Sep 2018

      Hi there, it's good that you have gotten hospitalisation plan for your parents! At their age they should be enjoying retirement and living life as they please. So personally I don't think they should be getting other insurances.

      However, if they like to offset their medical bills further, accident plans in the market provide coverage for General Practitioners and TCM due to accidents (falls, sprains, etc.), food poisoning and etc. These plans cost less than $20/month.

      Comments (0)
      2
      0
      Share this

Manage your money for free today!

Download on the App StoreGet it on Google Play
  • Quick overview
    Quick overview of your bank and card transactions.
  • Secure syncing
    Secure syncing of your bank or credit cards transactions
  • Automatic categorization
    Automatic categorization and analysis for your expenses
Seedly app