Medishield Life And Term Insurance

In Singapore, a lot of people are concerned whether they are adequately covered by insurances which are handy in times of illness. People buy insurance such Integrated Shield Plan, Riders, Critical Illness, Eldershield, Pregnancy Insurance etc. The premium can add to at least $1,000 up to $20,000 per month.

I am of view that there is no need for one to be insured by so many insurances. It is sufficient for one to be insured with Medishield Life Shield and Term insurance with the monthly premium less than $50. The saved money can be channelled into investment portfolio which will generate the dividends on a continuous basis for a lifetime. I can also use the dividends to pay the premium for the two above-mentioned plans.

WTK

Author: firewtk

A middle-age Singaporean currently having a minimalist and simple lifestyle. I am not longer in full-time employment with effect from 1 May 2019. I try my very best to write one post per day on this blog. The purpose is to share my prevailing thoughts to interested readers. It is up to the interested readers to decide whether they want to take action in embarking on the FIRE journey. I do not gain anything from this blog and it is solely for sharing hopefully for the benefits of all interested reader. WTK

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