Why Income Insurance is Essential for Financial Security

In Singapore, income insurance helps individuals and families maintain their lifestyle and meet financial obligations even when they are unable to work.

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 read more or as add-ons to existing life or health insurance packages.

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

To conclude, it offers essential financial security that helps policyholders navigate life’s uncertainties with confidence.