Insurance has become way too complicated. Insurers know there is a demand for safety, and try to cover everything in more and more comprehensive and complex plans.

But oftentimes, trying to be comprehensive leaves you with less real protection.

I wanted to be very clear on what is essential and what it actually costs, so people can buy what they really need.

This is first-hand experience, because I have been through stage 3 cancer and claimed all the policies myself. I have filed in every single claim form, argued with insurance companies, and cashed in the cheques. I know what insurance agents won’t tell you.

There are only 2 essential insurance plans you need to have in Singapore. The rest are mostly good-to-have, and which I will cover in a Part 2.

1. Hospitalisation/Health

What: Otherwise known as Integrated Shield Plans (IPs), these cover your