Insurance
7 Types of Insurance Olympic Athletes Should Get
By Singapore Financial Planners  •  July 29, 2024
Stepping onto the Olympic podium isn’t just about the glory and the medals; it’s also about ensuring you’re protected on every step of the journey. Imagine training your whole life for that one moment, only to have an unexpected injury or travel mishap derail your dreams. And this isn’t just an imagination, from ACL tears that caused athletes to miss the Olympics, to an unexpected finger amputation just to be able to play for your country, and countless of stories of Olympic athletes being injured, understanding the right insurance coverage is as essential as your training regime. Here are some statistics from past Olympic events:
  • During the 2010 Vancouver Winter Olympics, 11% of 2,567 athletes were injured, mostly in high-risk sports like bobsleigh and ice hockey. (British Journal of Sports Medicine)
  • A study reported that 11% of 10,568 athletes incurred at least one injury during the London 2012 Olympics, with the highest injury rates in sports like taekwondo and football. (British Journal of Sports Medicine)
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By Singapore Financial Planners
We believe in the power of financial literacy. It’s unfortunate that schools do not provide crucial life lessons like financial planning. Thus, we created Singapore Financial Planners to create a space where we provide financial education so that you can make an informed decision.
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