Varshamore

 Life starts to look a little more peaceful and better when you have it all figured out financially for the future. Today in recent times, where everything seems uncertain, it is critical that you have got yourself covered for the future. One of the best ways to do that is to invest in investment linked policies. An investment linked policy is a hybrid policy that clubs both life protection and investments into one policy. In this policy, the premiums are used to pay for units in one or more sub-funds of your choice.  A fraction of these units are then sold to buy insurance while the rest of them remain invested.  The policyholders also have the space to adjust their coverage so as to scale their investment nest egg in the later years. This can come in useful particularly for those who want to reduce their life coverage, especially after their children are no longer financially dependent on them.  Since there are many variants of investment linked insurance policies,...

 You may have heard friends and colleagues discuss about critical illness insurance plans in Singapore. You may have wondered whether you need critical illness insurance at all. The answer is a definite YES! Curious to know why? Read on to discover what a critical illness insurance plan can do for you.  What is critical illness insurance? A critical illness insurance plan pays the insured individual a lump sum amount if they are diagnosed with any of the critical illnesses mentioned in the plan. A good critical illness insurance plan will cover you up to the age of a 100 years and offer good room for customisability through supplementary benefits. Some of the supplementary benefits that you can opt for include – ü   Coverage against relapse and recurrence of a critical illness ü   Coverage against early stage critical illnesses ü   Coverage against certain severe illnesses ü   Waiver of premiums for a year if one’s spouse is diagnosed with a criti...

  Dengue fever is a huge health concern in Singapore. The National Environment Agency (NEA) reported around 105 cases in the week ending on 2 nd October 2021. Dengue fever is transmitted through the bite of an Aedes mosquito. It causes symptoms such as fever, vomiting, body ache, headache, and bone pain. Patients often require hospitalisation for the treatment of dengue fever. What is dengue insurance cover? Dengue insurance cover is a special insurance plan that exclusively offers coverage for dengue fever in Singapore. The primary coverage offered by the plan is a S$500 benefit that gets paid out upon diagnosis of dengue fever. This plan also pays you a daily cash allowance of S$200 a day for up to a certain number of days as decided by the insurer (usually around 5 days). You can use this payout to afford any medical expenses you face for the treatment of dengue. The dengue insurance cover also generally gives a death benefit payout for those who pass away due to dengue...