income insurance​ 44 43

income insurance​ 44 43

Blog Article

Income Insurance: Protecting Your Financial Stability

Income insurance is a crucial financial product designed to provide Singaporeans with protection against loss of income due to illness, injury, or unemployment. It offers peace of mind by ensuring a steady cash flow during challenging times.

Policies typically cover a portion of the insured’s monthly income for a specified period, helping to offset loss resulting from disability, critical illness, or job loss.

Many insurers in Singapore offer income protection plans as standalone policies or as add-ons to existing life or health insurance packages.

Having income insurance complements other savings and investment more info strategies, forming a holistic approach to personal financial planning.

In summary, income insurance plays a vital role in protecting individuals from unforeseen income disruptions.