Insurance Policies in Singapore
This post summarises the types of insurance products mainly found in Singapore.
Basically, insurance products are generally divided into 2 categories: policies with death coverage and policies without death coverage.
Policies with Death Coverage
1. Whole Life
2. Term
3. Investment Linked Products (ILP)
4. Endowment
5. Personal Accident (PA)
Policies without Death Coverage *Do not have cash value/bonuses
1. Hospitalisation and Surgical (H&S)
2. Disability Income (DI)
3. Long Term Care (LTC)
The following tables summarises the 2 categories.
*Data and information taken from the Invest Magazine, Jun 08. Article written by Eng Tiang Chuan
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