Insurance coverage

[endlssorrow]

SAF Group Term Life Insurance
SAF Living Care Policy
SAF Living Care Plus Policy
SAF Personal Accident Insurance
PrudShield Plan A

I got above 5. Is it enough? Coverage only $200k. Cheap Cheap

 

[RockyHero]

age?
any dependents?

 

[endlssorrow]

30. 02. parents

 

[JoePilot]

If cheap cheap, why buy only 250k?

 

[endlssorrow]

one plan cheap cheap. but adding a few more not so cheap liao. hahahah

 

[beri stupid idiot]

one plan cheap cheap. but adding a few more not so cheap liao. hahahah

agree with chiu ...

 

[tatose]

SAF Group Term Life Insurance
SAF Living Care Policy
SAF Living Care Plus Policy
SAF Personal Accident Insurance
PrudShield Plan A

I got above 5. Is it enough? Coverage only $200k. Cheap Cheap

Maybe you can consider replacing/enhancing some of these with a low cost WL or Term plan. Possible less coverage for your premiums, but at least your premiums will stay stable over the years.

 

[Lifeisgreat91]

even thought saf group is cheap for high coverage
1 claim can shoot up the premiums
best is to get your own personal insurance

 

[RockyHero]

SAF Group Term Life Insurance
SAF Living Care Policy
SAF Living Care Plus Policy
SAF Personal Accident Insurance
PrudShield Plan A

I got above 5. Is it enough? Coverage only $200k. Cheap Cheap

FYI The Nomination of Beneficiaries framework is not applicable for SAF group insurance scheme.

If your parents are able to retire comfortably, 200k coverage is more than enough, if you plan marriage, your liability will increase with mortgage and children, thus you will need more. For now you should add in a disability income insurance if you can afford.

IMO theres no need for living care if you already have living care plus.

Just my opinion

 

[endlssorrow]

even thought saf group is cheap for high coverage
1 claim can shoot up the premiums
best is to get your own personal insurance

what do u mean by personal insurance?