Insurance
(Video)Singapore Migrants Buying Insurance
By Wilfred Ling, The IFA on Duty  •  July 1, 2011
Written by Wilfred Ling Friday, 01 July 2011 Bookmark and Share 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....
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By Wilfred Ling, The IFA on Duty
Wilfred Ling is a Chartered Financial Consultant with Promiseland Independent Pte Ltd. He is a fee-based financial planner by profession.
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