Insurance
Types of Insurance Plans in Singapore and Which Ones You Should Get First as a Young Adult
By ValueChampion  •  February 6, 2023
Insurance is one of the key aspects of personal finance. Getting the right type of insurance can not only protect ourselves, but also ensure financial security for our family should anything unfortunate happen. When should we start thinking about insurance? The sooner, the better! The moment you receive your first paycheck is the best time to start building your health and lifetime protection. Not only does earlier coverage mean more protection, but buying at a younger age also means lower premiums. However, there are multiple types of insurance, with numerous add-ons with different premiums and coverage. Hence, it is essential to ensure that you buy the right coverage you need, not just what your insurance agent is trying to sell you. So what are the types of insurance that you should prioritise? Here is a list of insurance that you should consider purchasing as a young adult....
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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