Getting started with insurance

[boredboiboi]

what is the most value for money term insurance now?

Depends on your coverage. But i believe most will say mindef

 

[lancer6238]

If I purchase term life insurance from 2 different insurers, can I claim from both insurers? Or is there some limit to the total amount I can claim, or some order I have to follow, i.e. claim $X from Insurer A, then $Y from Insurer B (subject to Conditions X, Y and Z). I'm wondering if there is any benefit to purchasing a second term life insurance.

 

[CrashWire]

If I purchase term life insurance from 2 different insurers, can I claim from both insurers? Or is there some limit to the total amount I can claim, or some order I have to follow, i.e. claim $X from Insurer A, then $Y from Insurer B (subject to Conditions X, Y and Z). I'm wondering if there is any benefit to purchasing a second term life insurance.

Yes. I don't think there's a limit on life insurance. Die means die.

 

[zhoholang]

What kind you looking for?

Yes. I don't think there's a limit on life insurance. Die means die.

Hi I am turning 30 soon.

Do you the application I made so far are reasonable in the long term and well covered?

My parents bought CI plan for me till 70 and hospital basic plan . I bought own CI plan for more illness coverage and 1m death tpd till 65, a basic accident plan for outpatient , upgrading of hopsital plan with rider , DII plan.

Do I still need careshield life top up or to observe how the 2% increment yearly will affect me? After 65-70, will only have hospital plan and careshield plan

 

[reddevil0728]

If I purchase term life insurance from 2 different insurers, can I claim from both insurers? Or is there some limit to the total amount I can claim, or some order I have to follow, i.e. claim $X from Insurer A, then $Y from Insurer B (subject to Conditions X, Y and Z). I'm wondering if there is any benefit to purchasing a second term life insurance.

The benefits to getting a 2nd term life is if your income has increased and there’s an increased on financial dependency on you, hence you need to up your coverage in case you are gone, ur financial dependents wouldn’t have to reduce their current standard of living cause of loss of income

Yes. I don't think there's a limit on life insurance. Die means die.

Yea not health insurance. Cause is not on reimbursement basis

Hi I am turning 30 soon.

Do you the application I made so far are reasonable in the long term and well covered?

My parents bought CI plan for me till 70 and hospital basic plan . I bought own CI plan for more illness coverage and 1m death tpd till 65, a basic accident plan for outpatient , upgrading of hopsital plan with rider , DII plan.

Do I still need careshield life top up or to observe how the 2% increment yearly will affect me? After 65-70, will only have hospital plan and careshield plan

Not sure if personal accident is necessary. What sort of profession are you?

careshield life supplement should be considered if you don’t think you can self insure. Cause currently you don’t really have overlap

 

[zhoholang]

The benefits to getting a 2nd term life is if your income has increased and there’s an increased on financial dependency on you, hence you need to up your coverage in case you are gone, ur financial dependents wouldn’t have to reduce their current standard of living cause of loss of income

Yea not health insurance. Cause is not on reimbursement basis

Not sure if personal accident is necessary. What sort of profession are you?

careshield life supplement should be considered if you don’t think you can self insure. Cause currently you don’t really have overlap

Engineer in indoor area. Won't DII overlap slightly with Careshield supp ? I know ADL criteria vary between companies

 

[reddevil0728]

Engineer in indoor area. Won't DII overlap slightly with Careshield supp ? I know ADL criteria vary between companies

ADL is standard.

i mean got some overlap la. but not 100%.

 

[zhoholang]

ADL is standard.

i mean got some overlap la. but not 100%.

I see 2% of population managed to claim for disability only so not sure if worth it for careshield suppl

 

[reddevil0728]

I see 2% of population managed to claim for disability only so not sure if worth it for careshield suppl

I know some ppl advocate strongly for DII, for me I have a differently opinion.

DII might be useful for some but not all profession.

what might be more meaningful is CSL.

there’s a reason why CS is mandatory but DII is not.

n give you have CI, there’s actually quite a fair bit of overlap there.

 

[rubybarb]

Hi All,

Male, ANB 38, Non-Smoker. 3 dependants(2 kids)
Currently, Im covered with PruActive Protect (with almost all the esssential riders) paying around $200 per month.

Now I'm looking for a term life insurance till 65.
$1m death/tpd
$250-300k for CI
$100k for ECI

1. Should I go for a direct purchase term-life insurance only? or
2. Cancel PruActive protect and go for term-life + CI (with above requirements)?

Any quotes are welcome.

Thank you!

 

[boredboiboi]

Hi All,

Male, ANB 38, Non-Smoker. 3 dependants(2 kids)
Currently, Im covered with PruActive Protect (with almost all the esssential riders) paying around $200 per month.

Now I'm looking for a term life insurance till 65.
$1m death/tpd
$250-300k for CI
$100k for ECI

1. Should I go for a direct purchase term-life insurance only? or
2. Cancel PruActive protect and go for term-life + CI (with above requirements)?

Any quotes are welcome.

Thank you!

Male, ANB 38, Non-Smoker till age 65.
1) death/tpd $1m ; CI $250k ; ECI $100k
HSBC: $2118.07/year
Etiqa: $2207.41/year
Singlife: $2273.45/year
Fwd: $2243.00/year

2) Death/tpd $1m ; CI $300k ; ECI $100k
HSBC: $2245.95/year
Etiqa: $2340.91/year
Singlife: $2391.80/year
Fwd: $2334.20/year

 

[exterminazn]

Hi All,

Male, ANB 38, Non-Smoker. 3 dependants(2 kids)
Currently, Im covered with PruActive Protect (with almost all the esssential riders) paying around $200 per month.

Now I'm looking for a term life insurance till 65.
$1m death/tpd
$250-300k for CI
$100k for ECI

1. Should I go for a direct purchase term-life insurance only? or
2. Cancel PruActive protect and go for term-life + CI (with above requirements)?

Any quotes are welcome.

Thank you!

Hi,

below GE quote

Male, ANB 38, Non-Smoker till age 65.
1) death/tpd $1m ; CI $250k ; ECI $100k
premium: $1990.50/year

2) Death/tpd $1m ; CI $300k ; ECI $100k
Premium: $2103.80/yeae

cheers

 

[Synchroniza]

Hi all, looking to increase my ECI/CI coverage. Currently only covered 100k single payout up till 75. Paying 1.4k. should I top up with mindef singlife group insurance? Thanks.

Also is it advisable for term insurance if I'm looking at 1.5mil coverage to max out mindef group insurance 1mil straight and 500k term policy or the other way round 1mil term policy to lock in the amount and 500k mindef group insurance? Then in future if I want to increase I can top up from the mindef insurance. Pls advice...

 

[lasnoblur]

Hi I have the following insurance question pertaining to accident insurance claim for my mum.

she fell while doing housework and hit her head in Malaysia. We asked the GE agent and the agent just say to go for all treatments first then submit the claim. my mum is also unsure of the policy she bought.

The treatment so far include emergency treatment in Malaysia day of fell, followup stitching and consultation. MRI scan on back. We have submitted these for claims with doctor filling up the claim form.

The specialist has advised surgery and further treatment to the back. The fall has resulted sprains to the spine. We asked the agent if follow up treatment such as physio and surgery can be claimed ? Agent is also not sure. This leaves us hanging as further treatment is costly. Any1 can advise ?

 

[reddevil0728]

Hi I have the following insurance question pertaining to accident insurance claim for my mum.

she fell while doing housework and hit her head in Malaysia. We asked the GE agent and the agent just say to go for all treatments first then submit the claim. my mum is also unsure of the policy she bought.

The treatment so far include emergency treatment in Malaysia day of fell, followup stitching and consultation. MRI scan on back. We have submitted these for claims with doctor filling up the claim form.

The specialist has advised surgery and further treatment to the back. The fall has resulted sprains to the spine. We asked the agent if follow up treatment such as physio and surgery can be claimed ? Agent is also not sure. This leaves us hanging as further treatment is costly. Any1 can advise ?

agent not the best person to advise as they don't assess the claims.

So your mum back in SG? Actually such treatments, even if Personal Accident insurance don't cover, medishield plan will what.

 

[lasnoblur]

agent not the best person to advise as they don't assess the claims.

So your mum back in SG? Actually such treatments, even if Personal Accident insurance don't cover, medishield plan will what.

Yes back in sg. Medishield plan there are limitations. My mum prefer to go for long term physio for the treatment instead of surgery.

 

[idrinkecoke]

would anyone recommend buying insurance online? or it is still better to go through an agent.

 

[reddevil0728]

would anyone recommend buying insurance online? or it is still better to go through an agent.

What insurance?

travel, vehicle all those don’t see why need to go through agent

 

[idrinkecoke]

What insurance?

travel, vehicle all those don’t see why need to go through agent

i am considering buying term and endowment.

 

[reddevil0728]

i am considering buying term and endowment.

What matters to you? Service or cost?

why your reservation about buying direct?