In the majority of cases many residents are reliant on at least one member of the family to plan and maintain a living wage in order to live in Singapore . And you are most likely aware of the fact that the cost of living in Singapore can be quite high , this is especially so when you add up expenses like rent, school fees, insurance , and the incidental cost of daily life.

You’ll need to ask yourself the question of what would happen to your standard of living if you were suddenly rendered incapable of working due to a prolonged illness or an accident. Where would the monthly financial resources to support your family come from even if you did receive a lump sum pay-out? This is where the income protection insurance plans that we offer come into good use . Leave your details with us with us and we will contact you to discuss any of these points further.

In all honesty, thinking ahead is important when it comes to financial planning and management. As living in Singapore offers great convenience and comfort, it’s therefore a good idea to keep your living costs in mind and plan ahead. With a safety net such as an income protection insurance plan in place , you can have peace of mind.

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Taking up an income protection insurance plan can provide peace of mind for you and your loved ones in the knowledge that you would continue to receive a percentage of your monthly income, for a predetermined period of time. The term of the policy is selected at the inception of the policy, giving you control over your income in a time of need. If this sounds like something that you would be interested in, contact us today and we can help you sort out the best income protection plan for you and your family.

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Income protection insurance is an insurance plan that pays a certain percentage of your pre-tax monthly income for a specified period of time if you are unable to continue working. Do note that this only applies when your inability to work is caused by accident or illness. Income protection does not cover you in the event of employment termination or redundancy. For employment termination due to issues such as negligence of duty or any other issues, there are other insurance plans such as Directors and Officers (D&O) Insurance.

For sole breadwinner of families in Singapore, income protection insurance offers a much-needed safety net when unforeseen circumstances happen. It gives you and your family a peace of mind knowing that everyday expenses can still be taken care of when you are unable to work.

As an award-winning insurance brokerage, we have over a decade of experience protecting more than 30,000 expatriates based in Singapore and around the world. Connect with us today and our experts will help you design a comprehensive insurance plan for you and your family. You can also reach out to us for professional indemnity insurance, business insurance and SME insurance packages.