income insurance​ 44 43

Income Insurance: Protecting Your Financial Stability

For many, having income insurance means safeguarding their financial future and avoiding unexpected hardships.

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 income insurance​ 44 43 other savings and investment strategies, forming a holistic approach to personal financial planning.

Overall, income insurance remains a key component in achieving long-term financial resilience in Singapore.

 

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