general
Understanding Insurance Basics in Singapore
Learn about life, health, and general insurance in Singapore and how they can protect you before you buy.
Insurance Basics
Insurance basics from MoneySense, a Singapore Government Agency Website, explain how insurance works in Singapore. Before you buy any policy, understand the various types of insurance policies in Singapore and how they can protect you.
Types of Insurance
- Life insurance – covers financial loss related to life events.
- Health insurance – helps with medical expenses and health-related risks.
- General insurance – covers non-life assets and liabilities, such as property or travel.
How Insurance Works
Insurance policies help you cover your loss should something happen – what they cover depends on the specific policy. Your answer can lead you to the type of insurance you need.
MoneySense provides a tool that allows you to compare the premiums and features of life insurance products available to the retail market in Singapore. It also offers a guide to get up to speed on general insurance in Singapore—what’s covered and what isn’t.
For more information, you can explore the official MoneySense website, a Singapore Government Agency Website.