Written by Wilfred Ling Friday, 01 July 2011
The latest data from Credit Counselling Singapore (CCS) HERE shows that in 2010, 20.9% of Singaporeans approach CCS for help due to debts incurred from medical cost. However, the corresponding figure for Permanent Residence is a whopping 36.6%! This is consistent with what I said in the video below that foreigners and PRs are worst off than their Singapore citizen counterpart if they are underinsured.
In the video below, I explain why Singapore Permanent Residents tend to buy insurance compared with citizens. I also discussed special considerations which PRs should take into account of when buying insurance....