What are the 2 most basic Insurance Policies that you need to have?
You don’t need to spend hundreds of dollars on insurance policies in Singapore. You don’t even have to spend much on insurance policies. But there are 2 most basic policies that every Singaporean need to have:
These 2 plans will cover your medical expenses and hospital bills if something unfortunate happens to you. Many will say “I don’t need it now.”, “and ask, “Why should I keep paying for something I don’t need now, still unsure if I even need it?”
Let Ah Beng Planner explain to you.
Yes, you might not need it now. But when you do need it, do you know that you can no longer buy it? These plans are only made available to you when you’re healthy and fine. Why would an insurance company want to accept a “sure-pay” case when something happens to you? If you own the insurance company, would you accept it?
Yes, you’re unsure if will ever need it because what if you’re lucky all your life and will never fall sick and never get into an accident? Then you’re very very lucky, please go thank God. But how sure are you? Isn’t it better to be sure that you’re insured once that day comes? Isn’t it better to be prepared?
Even if you don’t care for yourself, how about your family members? When you’re sick and down, you won’t be the one footing the medical bills but your loved ones, your family members will be the ones who will have to pay the bills for you. Think for them instead.
If you’re still not convinced, Ah Beng Planner will explain more to you.
If you are cash rich (like a millionaire), why do you still need hospital and accident plans?
These are even more reasons why you need these 2 insurance plans in Singapore.
- Money is never enough.
Even Warren Buffet, one of the richest men in the world buys insurance. Why would you want to spend the money that you have on medical expenses and hospital bills when you can use the money to buy things that bring you joy?
Why would you want to spend your hard earned money at the hospital?
- You can never predict sickness and accidents
In other words, you don’t know if your $1000000 (assuming you’re a millionaire) is even enough when sickness or accidents hit you. Because you will never know how bad it’s going to be. How long it will last you? How hard it will hit you? When it will hit you?
What if you never recover for the rest of your life (touchwood), how long can your $1000000 last you and your family?
What if you recover, and 2 years down the road, you get a relapse. How much in total will all these medical bills cost?
In life, nothing is certain. There are many things that we cannot control. But we can control the decisions we make and plan for these uncertain times.
- These plans are only available to you when you’re healthy and fine
For example, once you have a heart problem, then you buy the insurance policy, whatever medical bills you have to pay regarding your heart problem WILL NOT be covered.
You can only buy when you have no problems. Then it will be cheaper and everything will be covered once you have a problem.
- These 2 plans are not expensive
As compared to the expensive medical and hospital bills that you might have to be responsible for, you can own these 2 plans for about SGD 50 per month. They don’t cost much. It’s just the price of 1 meal. You buy a peace of mind for yourself and your family.
If you’re getting your 1st pay, be sure to get these 2 insurance plans for yourself 1st before you start spending your money on clothes and expensive meals that are useless in the long term.
If you’re unsure how much your plans will cost, let Ah Beng Planner give you a quote.
Don’t wait till it’s too late.
Get A Quote Today
Find out based on your age and gender, how much does your Hospital Plan and Accident Plan cost.