Insurance 101 - How to plan to protect your life

Insurance is a great way to get financially protected against a range of unpredictable events that could cause you or your dependents some loss. These events include the death of a breadwinner, hospital bills and treatments for a critical illness, or a sudden lack of income from total and permanent disability.

When such situations take place, your insurer will pay you an agreed amount to cover some, or all of the loss.

There are various types of insurance available to cater to different needs, and it is important to understand what your protection needs and any gaps are before purchasing any insurance policy.

  1. Check your protection needs using the protection gap calculator.
  2. Learn about and compare life insurance plans at compareFIRST.
  3. Talk to a financial consultant to work out your protection needs and any gaps.

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