Insurance
Most Singaporeans Are Under-Insured for Critical Illness
By Singapore's Budget Babe  •  June 21, 2021
Almost everyone who has encountered critical illness regrets not getting more coverage, and are willing to pay more just to get more protection, but yet they cannot. But on the other end of the spectrum, most people who have never experienced (or cared for a patient with) critical illness are unwilling to pay for higher protection.  Welcome to reality, where most of us usually think we're sufficiently insured and don't realize the problem until sh*t hits the fan. Don't wait until it is too late for regret. -- This was my takeaway when I was reading through the survey results of Great Eastern's latest survey, which revealed a stunning information and perception gap among those with experience and those without. Compare the findings between the Non-Experiencers (in blue) vs. the Experiencers (in red). Do you see what I'm seeing? The survey was conducted among 507 respondents in total, out of which:...
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By Singapore's Budget Babe
Budget Babe is an ordinary lady striving to achieve financial freedom in Singapore before the age of 45. She is always looking for cost-effective ways to live a fulfilling life in amidst Singapore's rising costs, and writes in order to empower fellow Singaporeans on taking charge of their own lives and finances. The final goal is to eventually break free from the competitive rat race. Will I meet you there? ...
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