Many people don’t spend enough time understanding the different types of insurance products because they think it is too complicated. That is not true. Here is a basic introduction, for those who are keen to take their first step.
Types Of Insurance:
|1. Health Insurance||Hospitalisation & Surgery (H&S)
|2. Life Insurance||Term Policies
Whole Life Policies
|3. General Insurance||Home Insurance
As you can see, there are basically only 3 broad categories of insurance products. Of course within each category, there are more products for considerations. Watch this video to learn more about the 4 important health insurance plans before you make any purchasing decisions. .
DollarsAndSense.sg is a website that aims to provide interesting, bite-sized financial articles which are relevant to the average Singaporean. Love what you just watched? Subscribe to the DollarsAndSense YouTube channel for more great finance videos!