Income Protection Insurance Singapore

Long term income protection is available too will provide a regular income for a longer pre agreed period until you are well enough to return to work.

Income protection insurance singapore. Call 65 6401 9201. In some cases comparison sites have stopped offering income protection quotes whilst changes are discussed. Income protection insurance allows you to insure a percentage of your regular income. The spread of coronavirus has resulted in some income protection providers adding coronavirus related exemptions to new policies or otherwise pulling out of the market.

Permanent health insurance phi not to be confused with private health insurance that covers medical costs. Most income protection insurance policies are short term. Income protection insurance in singapore. These policies are protected under the policy owners protection scheme which is administered by the singapore.

Income protection at a glance. Added flexibility with a customised plan opt for a 60 90 or 180 day pre benefit period and the choice to receive your monthly benefit up to age 55 60 or 65. Protect your income with disability insurance most of us have insured our house possessions cars and our lives. Skip to main content.

Your ability to consistently earn income. Income protection insurance singapore 6584074152. Income protection insurance safeguards you and your family against the negative financial circumstances that arise through sudden loss of income. Phi means you can protect a portion of your income often 50 of your gross salary in the event of illness or an accident that means you re unable to work.

Get partial monthly benefit to supplement your income when you return to work in a reduced capacity 4. Prulifetime income helps you build a secure financial future. To be valid in singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside singapore. There are several types of income protection policy.

Income insurance from irish life assurance pays you a regular income if you can t work because of an injury or illness while you are employed. However have you insured something that might be even more important. Income protection insurance is important as most important asset is our time. Income protection insurance for expats working in singapore is a must.

What types of income protection are there. Call us for more advice on income protection insurance. The policy provides a steady income that will help you to cover mortgage rental or living costs buying you valuable time to get back on your feet. Families are solely reliant on at least one member of the family maintaining a living wage in order to stay here in singapore.