Insurance & Protection
Insurance planning in Singapore
Hospitalisation, critical illness, life and personal accident cover for individuals and families in Singapore, matched to what you actually need and what you can actually afford. Nothing sold because it pays a bigger commission.
What's covered
The building blocks of a protection plan
Integrated Shield Plans (hospitalisation)
Sits on top of MediShield Life to cover a higher ward class and larger hospital bills, including surgery and specialist treatment. This is usually the first thing to get right, since a serious hospital stay is the bill most households can't absorb out of pocket.
Critical illness insurance (CI)
A lump sum paid out on diagnosis of a covered condition such as cancer, heart attack or stroke. Unlike hospitalisation cover, this money goes to you, not the hospital, so it can cover lost income, a career break, or costs a hospitalisation plan was never meant to touch.
Term life insurance
Coverage for a fixed period, built to be affordable while your responsibilities, like a mortgage or young children, are at their highest. If something happens to you during the term, your beneficiary receives the payout.
Whole life insurance
Lifetime coverage that includes a death benefit and a cash value component that builds over time. Costs more than term for the same sum assured, but the cover doesn't expire and the policy itself can become an asset.
Personal accident insurance
Covers injury, disability or death from accidents, including costs like mobility aids, TCM treatment, and a defined list of infectious diseases. A useful, low-cost layer on top of your main hospitalisation and life cover.
Maternity insurance
Covers costs tied to pregnancy, childbirth and post-natal care, for both mother and newborn. Worth arranging early, since most plans need to be in place before certain complications can arise.
Common questions
Insurance, answered plainly
How much insurance coverage do I need in Singapore?
Start with the income your dependants would need, outstanding debts and future commitments, then account for available savings and existing cover. Life insurance and hospitalisation cover meet different needs, so review them separately. Your circumstances and budget determine the appropriate amount.
How much critical illness (CI) coverage do I need?
Consider the income you may need to replace during recovery, regular household expenses and additional care costs. Account for emergency savings, existing critical illness insurance and any employer support. The payout amount and covered conditions should suit your needs and the policy terms.
Is MediShield Life enough?
MediShield Life is designed around subsidised treatment in Class B2/C wards and selected outpatient treatments at public hospitals. Whether it is enough depends on your treatment preferences and ability to meet deductibles, co-insurance and other costs. An Integrated Shield Plan may suit people seeking higher ward classes or private care, subject to affordability.
Term or whole life insurance in Singapore: which should I choose?
Term insurance provides protection for a fixed period and generally has no cash value. Whole life insurance usually combines longer-term protection with a cash value component and costs more for comparable cover. Compare the coverage period, premiums and policy terms against your family responsibilities and budget.
Do I need critical illness cover if I already have hospitalisation insurance?
Hospitalisation insurance helps with eligible treatment bills. Critical illness insurance pays a benefit when a covered condition meets the policy's definitions, which can help with income replacement and living costs during recovery. Consider how both fit your existing protection.
Next step
Let's see what you actually need
Bring whatever policies you already have. We'll go through what's working, what's missing, and what to do about it.
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