What Is Insurance Planning?

Because life is full of uncertainties, insurance planning is essential for assuring that your quality of life – and your family’s future – can continue in case of an unfortunate event, such as a critical illness, permanent disability or premature death.

Premature Death

A sudden and unexpected death of the insured person.

Critical Illness

A severe illness that is defined as a “critical illness” by the insurance policy.

Permanent Disability

Losing the function of two (or more) limbs.

Do you know what are the different needs that will arise from the 3 different possible scenarios?

Here are the 3 different scenarios and the needs involved:
Possibility of occurrence
Needs
Death
Probability to happen

100%


Needs

    Additional Expenses:

  • Last Expenses



  • Personal & Housing Loan:

  • Car
  • Property
  • Credit cards
  • other unsecured loans

  • On-going expenses:

  • Family living expenses

Chronic Diseases
Probability to happen

>70%


Needs

    Additional Expenses:

  • Helper
  • Medical Expenses


  • Personal & Housing Loan:

  • Car
  • Property
  • Credit cards
  • other unsecured loans

  • On-going expenses:

  • Family living expenses

Disability
Probability to happen

18.8% of Singapore’s Population


Needs

    Additional Expenses:

  • Helper/Home
  • Physiotherapy
  • Medical Expenses

  • Personal & Housing Loan:

  • Car
  • Property
  • Credit cards
  • other unsecured loans

  • On-going expenses:

  • Family living expenses

Now you understand the services required, but there are 2 things you need to think about:

1
How much financial resource do you need at each life stage?

2
Which product/company to choose when there are so many out there?

Partners

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No Worries, We’re Here To Help

Prior to offering products to clients, our insurance selection committee undertakes a 3-stage process that involves product research to evaluate the quality of every product, educating our consultants on our products, and finally, receiving feedback and evaluating the quality of our products and service.

Insurance Selection

While we offer an entire suite of insurance products to clients, our insurance selection committee looks into both quantitative and qualitative aspect.

To give you a brief explanation of the quantitative term, it would refer to the monetary aspect that a client puts into a policy which we term as premiums. As well as the compensation he/she would receive when the policy is due or claims submitted by them. Our committee research on the areas like the benefit-to-premium ratio, convertibility/renewability option, comprehensiveness of waiver/special benefits, underwriting criteria, claim return rate and many more. Taking each product available from the market and deconstructing it to provide a fair comparison with the rest of the products. Thus, clients can be assured that our recommendation is the most beneficial for their needs.


As for the qualitative part of the products where our committee dwells into, would be related to the support and reliability of the insurer distributing the products. They consider areas like the customer servicing provided by the insurer, the seamlessness of the underwriting process and feedback from clients/consultants on the receptiveness of insurers during claims process.

Achievements

deposit

Service
Household

5,369

deposit

Service
Experience

9 Yrs