Planning For Success
Avoid These 5 common mistakes that many make when acquiring insurance
1. Insure against major risks that can financially cripple you if the costs are not prohibitive. Knowingly not insuring against such risks is asking for trouble.
2. Do not duplicate insurance cover. Insurance companies will only pay you once even if you have several policies covering the same risks.
3. Do not use term insurance for permanent insurance needs.
4. Cover under Medisave/MediShield is limited. Know what you are covered for and do not underestimate your needs.
5. The danger of disability is real, it is important to get adequate cover.
Avoid These 5 common mistakes that many make when acquiring insurance
1. Insure against major risks that can financially cripple you if the costs are not prohibitive. Knowingly not insuring against such risks is asking for trouble.
2. Do not duplicate insurance cover. Insurance companies will only pay you once even if you have several policies covering the same risks.
3. Do not use term insurance for permanent insurance needs.
4. Cover under Medisave/MediShield is limited. Know what you are covered for and do not underestimate your needs.
5. The danger of disability is real, it is important to get adequate cover.
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