Young and Healthy
Protect your current health and prepare finances for the future
Even if you feel healthy and invincible, life can take unexpected turns. Here are three reasons to consider getting insurance before you think you need it:
Insurability:
Health can change over time, especially as one ages through the years. Getting insured early ensures full coverage without added costs or exclusions due to health conditions.
Lower Premiums:
Premiums are generally lower when you’re younger and healthier, locking in a more affordable rate for the long term. Note that this does not apply for all plans.
Future Proofing:
Early coverage provides a safety net, helping you stay prepared for life’s uncertainties and protecting your financial future.
Click on the button below to read more about personal finances for young people.
Get your insurance sorted out before health screening. But don’t delay getting health check-ups either especially if you feel unwell. In other words, sort out your insurance early
The 5 Core Insurance Needs are, in priority for a working adult:
Hospital & Surgical:
Cover major medical expenses and hospital bills.
Life Insurance (Death Coverage):
Offers financial support to loved ones in the event of death, helping to cover existing liabilities.
Critical Illness:
Provides a lump sum income replacement, allowing you to take time off work and focus on recovery from a major illness without worrying about financial strain.
Occupational Disability Income:
Covers up to 75% of your monthly income if you’re unable to work due to an occupational disability.
Long-Term Care:
Covers care-taking costs in cases of severe disability or aging needs.
Click below to read more about our Insurance Philosophy.
Sign up/Log in to our MoneyOwl App to calculate your insurance shortfall based on:
Current Family Status:
Including number of dependents and years of support required.
Financial Situation:
Factoring in your income, expenses, assets, and liabilities.
Existing Insurance Coverage:
Utilize SGFindex to compile your list of insurance plans.
https://www.sgfindex.gov.sg/
Doing this assessment helps ensure your coverage matches your specific needs and financial goals, highlighting any gaps in your insurance.
Optional Steps
We have curated a selection of insurance packages tailored to different life stages and ages, based on the different needs and affordability.
Check our Insurance page to find out the insurance package for your life stage.
Take action! Some products can be bought online, and for others, we can refer you to an adviser if you need one.
All Singapore citizens can apply for one of these – green CHAS card (including high income earners), blue CHAS card, orange CHAS card, Merdeka Generation, Pioneer Generation. These qualify you for health screening for cardiovascular disease, cervical cancer and colorectal cancer and others, for between $0 and $5.
Click below to read more about CHAS subsidies.
An LPA is a legal document, which allows a person who is at least 21 years of age, to voluntarily appoint one or more persons to make decisions and act on his/her behalf if he/she loses mental capacity one day.
The decisions range in 2 broad areas of personal welfare and/or property & affairs matters.
Click below to go to MSF website to read more about LPA and how you can make one yourself.
In event of your untimely demise, the distribution of your assets will be determined by Singapore’s intestacy laws. This means that your estate may not be distributed according to your wishes.
Writing a will ensures that your wishes are clearly stated and provides protection for your loved ones.
It’s never too early to start planning and ensuring peace of mind for you and your loved ones.
Our eBook covers everything you need to know about end-of-life arrangements and estate planning, from protecting your assets to securing your family’s well-being.
Click below to download eBook.
Our Financial Calculators
Explore calculators to assess your financial needs
