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5 basic insurance policies to consider buying in Singapore - Vimarsana News

5 basic insurance policies to consider buying in Singapore

Term life insurance Critical illness insurance Disability insurance Personal accident insurance 1. Health insurance Health insurance is probably the most essential type of insurance to have on this list. In a nutshell, health insurance pays for your medical bills if you get hospitalised, as well as outpatient bills incurred before and after your hospital stay that fall within certain time limits. Hospitalisation benefits If you’re a Singapore citizen or PR, you already have MediShield Life, a very basic form of health insurance from the government. But MediShield Life’s claim limits are q...