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Understanding Insurance Basics in Singapore

Learn about the types of insurance in Singapore and how policies can protect you before you buy.

Insurance Basics from MoneySense

MoneySense, a Singapore Government Agency Website, provides an introduction to insurance basics. Before you buy any policy, it is important to understand the various types of insurance policies in Singapore and how they can protect you.

Types of Insurance

![Insurance policies and a calculator on a table](https://img.ulec.com.cn/FAQ / 知识库/moneysense-2026-08-20-3306ea5e66-image-01-2026-1880x1253.jpg)

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.

A comparison tool on MoneySense allows you to compare the premiums and features of life insurance products available to the retail market in Singapore. For general insurance, you can get up to speed on what is covered and what isn’t.