Why Income Insurance is Essential for Financial Security

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 loss.

Many insurers in Singapore offer income protection more info plans as standalone policies or as add-ons to existing life or health insurance packages.

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

Overall, income insurance remains a key component in achieving long-term financial resilience in Singapore.