Secure Your Future: Close Your Insurance Protection Gap Today

Are you adequately protected against life’s uncertainties?


 
Did You Know?

Singaporeans Face a $952 Billion Protection Gap


The latest Protection Gap Study 2022 by the Life Insurance Association Singapore (LIA) revealed that there remains a 21% mortality protection gap and a staggering 74% critical illness (CI) protection gap among economically active individuals in Singapore1.



$373 billion In total mortality protection gap
$579 billion In total critical illness protection gap



Find Out How to Close Your Protection Gap Today
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Why You Need to Act Now

  • Life Expectancy is Rising: Singaporeans are living longer, but extended lifespans mean more years of health-related expenses. Have you factored this into your current coverage? Not doing so could erode years of savings and derail even the most carefully laid retirement plans.

  • Critical Illnesses are Expensive: Did you know that on average, patients struck with a critical illness take around 3 to 5 years to recover and return to being economically productive? This leaves many families under-prepared for long recovery periods and lead to degradation in standard of living.

  • Peace of Mind for You and Your Loved Ones: Ensuring you are fully protected with life and critical illness insurance isn’t just about safeguarding yourself—it’s about giving your family financial security if the unexpected happens.

What Are the Essential Insurance Coverage Recommended for Working Adults?


According to the Monetary Authority of Singapore’s Basic Financial Planning Guide2, here are the basic rules of thumb for protection that you can consider.

Whole/
Term Life Insurance

  • Provides financial support to your loved ones in case of premature death, helping them cover ongoing lifestyle expenses.
  • The coverage amount recommended is at least 9 times your annual income.
Learn More

Critical Illness Insurance

  • Covers major medical costs and offers a lump sum payout to ease the financial burden of long-term recovery.
  • The coverage amount recommended is at least 4 times your annual income.
Learn More


For example, someone with the median monthly income of $5,197 should be covered for death & total permanent disability to the tune of at least $561,276. This person should also be insured against critical illness for at least $249,456.

Take Control of Your Future Today

To help you bridge your protection gap, Financial Alliance has partnered with our insurance partners to offer exclusive insurance bundles designed for young adults like you.

Our comprehensive solutions include both Life Insurance and Critical Illness Protection, offering you the best of both worlds.

For a limited time, these bundles come with attractive discounts, cashback rewards and other perks for customers. Terms and conditions apply.

Schedule a Consultation

Footnotes

[1] Source: Protection Gap Study 2022 by Life Insurance Association of Singapore

[2] Source: Basic Financial Planning Guide by the Monetary Authority of Singapore

Note: Insurance plays an important role in your financial planning, and buying an insurance product is a long-term commitment. You should seek financial advice from your trusted financial adviser representative before purchasing any policies.

Frequently Asked Questions on Term Life Insurance

Term insurance is life insurance that provides insurance coverage only for a fixed period of time. An example of term insurance is the Dependants' Protection Scheme.

Riders can be attached to enhance the benefits provided by the policy. As this may vary from product to product, check with your insurance company for more details.

Need Advice?

Meet Your #ChooseIndependent
Financial Adviser Representative


丁翊洵
Isabelle Ding Yixun

Financial Advisory Manager

About 丁翊洵
Isabelle Ding Yixun

关于我

- 来自中国苏州 
- 鑫盟理财独立理财顾问, 2023至今
- 注册国际金融理财师, 2023 
- 新加坡友邦保险财务服务顾问, 2013-2023
- 英国商科硕士学位, 2003
- 苏州大学国际贸易学士学位, 2002 

回顾过去20多年里的工作经历，每一段都非常可贵，也造就了现在的我。保险理财行业，是我至今从业时间最久的行业。在新加坡友邦的10年期间，我经历过最初三年保险新人的痛苦挣扎期，无数次被拒绝的陌生拜访和路演，让我留下过很多汗水和眼泪。最终，我的长期努力和坚持，获得了顾客的信任和支持，也正是因为每一份附上郑重签名的白纸黑字，都是一份长远的承诺，鼓励着我继续勇往直前。

2023年4月，我取得了国际金融理财师的资格证书，12月我告别新加坡友邦，加入新加坡最大的独立理财公司，成为一名独立理财顾问。我作出这个决定的初衷，就是想更好地运用我深耕10年的保险理财行业的经验，在更大的平台上，为更多有需要的人们服务。独立理财公司有着更广大的保险、投资合作平台，从而能够让我真正做到从顾客需求出发，提供更中立、更全方位的理财方案，这点跟我的长期职业愿景相符。我深知，独立理财顾问的路，前期需要付出更多的努力，而我也正在接受着挑战，并且愿意为之奋斗终身。

作为一名职业女性，同时也是两个孩子的母亲，我深知每一位女性的“超能力”，都源于她们对工作和家庭的全心付出。我特别希望能为职业女性和母亲们提供最大的帮助和支持，共同分享生活中独特的喜怒哀乐。我也希望通过我十多年的财务规划实战经验，帮助职业女性和母亲们，实现个人和家庭的财务目标。财务目标无关乎大小，重点是能够早日开启并享受这趟健康而快乐的财务规划之旅。




#ChooseIndependent with 丁翊洵
Isabelle Ding Yixun

An in-depth insurance portfolio review with 丁翊洵
Isabelle Ding Yixun could save you money as you spend less for the same coverage, or allow you to be better protected without spending a cent more.