Insurance
Types of Life/Health Insurance Coverage
By Sethisfy  •  April 22, 2011
It may be a little overwhelming for someone who has little to no experience in insurance to start figuring out what kinds of insurance coverage are available and more importantly – what are the ones really essential to him or her. I hope to highlight the more important forms of coverage and their intended purposes so that people have a better idea on where to start thinking about their insurance portfolio. While not exhaustive, here are some of the more important forms of coverage.

Hospitalisation & Surgical

Most Singaporeans are insured by a national insurance scheme Medishield. Medishield was designed as a low-cost insurance scheme to cover hospitalisation expenses in Class B2 and C wards. The premiums are payable using one’s CPF Medisave savings. The CPF Board allows the use of CPF Medisave savings (up to specified limits) to enhance the coverage of Medishield with private insurers. This allows an ......
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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