income insurance​ 44 43

income insurance​ 44 43

Blog Article

Income Insurance: Protecting Your Financial Stability

Income insurance is a crucial financial product designed to provide Singaporeans with protection against loss of income due to illness, injury, or unemployment. It offers peace of mind by ensuring a steady cash flow during challenging times.

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 income insurance​ 44 43 loss.

These plans often include features such as rehabilitation support and premium waivers during claim periods.

It helps ensure continuity of income, which is vital for managing daily expenses, loan repayments, and other financial commitments.

In summary, income insurance plays a vital role in protecting individuals from unforeseen income disruptions.