general
Understanding Insurance Types in Singapore and How They Protect You
Learn about the various types of insurance policies in Singapore and how they can protect you, as explained by MoneySense.
Insurance Basics in Singapore
Before you buy any policy, it’s important to understand the various types of insurance policies available in Singapore and how they can protect you. Insurance policies are designed to help you cover your loss should something happen – what they cover depends on the specific policy.
Life Insurance, Health Insurance, and General Insurance
There are three main types of insurance policies in Singapore:
- Life insurance
- Health insurance
- General insurance
Each type serves a different purpose, and your circumstances can guide you to the type of insurance you need.
How Insurance Works
Insurance policies help you cover your loss should something happen. The coverage provided depends on the specific policy you hold. To get up to speed on general insurance in Singapore – what’s covered and what isn’t – you can explore further resources. Additionally, you can compare the premiums and features of life insurance products available to the retail market in Singapore.