Settling Down
Settling down looks different for everyone – you could be getting married, buying a home, or trying for your first child. But one thing’s for certain: you’re planning to safeguard the life you’re creating and its future.
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Build Your Security As You Build Your New Life
Consider your priorities for you and your family and make a plan to build a bright future for everyone.
Protection
HIGH PRIORITY
In the event of unexpected circumstances such as critical illnesses, accidents, or death, you and your loved ones’ needs and livelihood might be affected.
Your priority for protection:
- Health insurance for hospitalisation.
- Protection against accidents and major illnesses so that your needs during recovery continue to be met.
- Financial payout for death, terminal illness, and total and permanent disability.
- Maternity insurance if you’re planning for children.
Wealth
HIGH PRIORITY
You have likely taken on more financial demands such as a wedding, home mortgage, future children’s education, and retirement.
Your priority for wealth:
- Savings for immediate and future expenses.
- Retirement planning.
Protection
Safeguarding your health grows in importance as you embark on a new phase of life. Saving for your upcoming milestones will be easier when you don’t have to worry about medical expenses.
What you already have1
If you are a Singaporean or PR, you’re automatically covered by three national schemes:
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MediSave
A national savings scheme which helps CPF members save for future medical expenses, especially during retirement. -
MediShield Life
A health insurance for large hospital bills and selected outpatient treatment costs. -
CareShield Life
Long-term care insurance scheme for financial support and monthly cash payouts in event of severe disability.
What you may consider2
With big-ticket items lined up in your future, being sufficiently protected is critical in ensuring that your savings can be used as intended – for the new life you’re building.
National schemes do not fully cover:
-
Hospitalisation
An Integrated Shield Plan (IP) provides additional coverage for private hospitals or higher ward classes in public hospitals. -
Critical Illness
You’ll need coverage of 4x annual income. (Recommended)3 -
Death & Total and Permanent Disability
You’ll need coverage of 9 – 10x annual income. (Recommended)3 -
Savings2
To stay covered and accumulate savings over the years. -
Maternity
Coverage for baby and mum.
It’s recommended to spend at most 15% of take-home pay on insurance protection.
Why Act Now
Health crises can cause income loss and depletion of family funds2.
Ensure either partner can sustain the family if the other faces an unfortunate event.
Misconceptions? Let’s correct them.
Check out some common misunderstandings about financial planning and their truths.
Find The Right Plan
Be protected against unforeseen medical expenses, rising healthcare costs or unexpected injuries with our suite of tailored products and supplementary plans.
Get ultimate peace of mind for you and your family by protecting against potential financial impacts during unfortunate diagnoses of critical illnesses such as cancer.
Get comprehensive essential coverage no matter the life stage you’re at.
