Home Insurance What You Should Know About Finding a Suitable Life Insurance Plan

What You Should Know About Finding a Suitable Life Insurance Plan

What You Should Know About Finding a Suitable Life Insurance Plan

It is hard to predict our future; however, we can plan and prepare to face it with confidence. Protecting us against any contingency is essential as we can hardly predict our future. Health is an inevitable factor when it comes to leading a good life. The best way to protect your health is to take a life insurance policy that supports you with enough financial security when you have health issues. Life insurance covers your health expenses and acts as an investment.

However, buying suitable health insurance that meets your needs is not easy. With different types of life insurance coverage, finding a perfect plan is complex for some insurance plans that cost high premiums with low benefits. Finding a suitable policy with good benefits is a tough task. The best way to approach it is to get life insurance quotes from different insurance companies and choose the best one that suits your budget and needs. 

How to find the best life insurance policy for beginners? 

It is a fact that health insurance supports you during medical emergencies. Nevertheless, getting a suitable one needs a proper evaluation of your economic conditions and requirements. You can find several leading companies in Singapore that offer the best insurance plans to help you choose the best life protection plan. 

If you are a young customer and starting your first insurance coverage, you have good choices of insurance plans. For instance, some innovative digital insurance plans like ProtectFirst from DBS Bank will help you invest in the best insurance plan. It covers five critical illnesses from the early stage to the advanced stage and offers life protection and serious accident coverage. 

With the ProtectFirst insurance plan, you can find three types of coverage.

  • Advocate: You can have this plan to cover five critical illnesses.
  • Adventurer: It helps you with increased accident coverage if you are an adventurer. 
  • Defender: If you want to protect your family by setting aside a big amount for a death benefit, then you can choose the Defender insurance plan

As a beginner, you can choose any insurance type and start your life insurance journey with a low premium of S$5/month in Singapore. You can select life insurance coverage for five critical illnesses from the first stage to the advanced stage or a policy covering the whole family after the policyholder’s death.

The plans explained are suitable for beginners because they can enjoy life insurance protection at a reasonable premium when investing in it for the first time. You have the option to add the cover by purchasing additional plans. 

Some benefits of buying life insurance 

A whole family depends on one or two earning members today; hence, it is advisable to take a policy that offers adequate coverage for your health. However, before purchasing it check out the benefits that the insurance company offers you:

  • Reasonable premiums 
  • Cover critical illnesses like Cancer, Heart Attack, Stroke, Liver Failure, Major
  • Organ/Bone Marrow Transplantation, and serious accidents.
  • Long-term relationship 
  • Maximum pay-outs
  • Continuity of protection after a claim 
  • Hassle-free application 

If you want a suitable insurance plan, sign up through a simple processing method online. A prospective customer has to answer three simple questions via the app. You can get life insurance quotes to choose the best plan that meet your income and requirement.


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