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PolicyPal
15 Sep 2020
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Hi there!
based on priority and importance:
hospitalization - cheapest plan to get often the neglected one. Can cover your hefty bills should any Hospitalization to happen
Life, term plan with CI - to cushion your expenses if you are diagnosed with any long term illness, or to leave a legacy of anything bad were to happen.
Savings plan/investment - after you have settled the basic 2 points above, start to think of instruments to let your money work for you!
hope It helps!
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Hey there!
There are 3 main things that one should find coverage in:
1) Death/Total Permanent Disa...
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As a fresh graduate, it is key to ensure that you set aside funds in saving accounts to cover short-term expenses (like student loans and regular expenses) as well as emergencies.
If you have excess cash left over, consider putting your money in a short term endowment plan (2-5 years) or an insurance savings plan while you understand more about the financial market. Look for products that provide you with the flexibility to withdraw, so you can stash your emergency funds there.
Next, it will be to ensure you are well insured should there be any cases of any mishaps. The bare minimum would be a hospitalisation insurance plan that would cover you from the hefty medical fees in the unfortunate event that you encounter a medical emergency. Some good health insurance plans you can consider are AXA Shield by AXA (only insurer with outpatient and PA benefits embedded into the cash rider) or the Great SupremeHealth by Great Eastern. You might also want to add on or purchasing a critical illness plan to ensure you are well covered.
Feel free to reach out to us if you are looking for personalised and unbiased advice.