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


Tony Tan Jie Lun

Financial Consultant

About Tony Tan Jie Lun

价钱是您付出的。价值是您得到的！

我是陈捷伦。我之前的事业来自华尔街的金融中心，曾与业优秀的专业投资者合作，引导他们和复炸策列。我这八年中，也是我家庭保险组合的负责人。

在复杂的金融世界。我个人的指导原则是对客户真诚忠诚。希望通过深知你心更得你意，赢取你的信任做你理财之路的指南针！ “客户至上”是我的基本商业原则。我努力彻底了解客户的情况，并据此提供最佳解决方案。与客户合作不是交易，是我与他们建立长期合作伙伴关系的机会。我们通过与金融业不同的业内合作伙伴合作，分析并采购最佳原料，制定出最佳解决方案，赢得客户的信任和信心。

把通用的财务计划抛在外！我会与你独特的需求和个性，塑造和您一样独特的策略。无论您是刚刚起步、建立家庭还是计划退休，我的方法都是从深知你心更得你意开始的。了解您的个人情况、您的优先事项和您的梦想。我们将共同制定一个切实可行的分步计划来指导您的财务旅程，确保您在每一步都感到知情、自信和掌控。

Price is What you pay. Value is what you get!
Coming from the heart of Wall Street, I have worked alongside the industry's best, navigating the complex world of finance. I believe that being sincere and true to his clients is what guides my financial advisory practice.

“Client before self” is my fundamental business principle.   I give my best effort to understand my clients’ situations thoroughly and offer the best solution accordingly.   Engaging with my clients is not transactional, but an opportunity for me to build a long-term working partnership with them. By working with partners across the industry and procure the best ingredients, I hope to craft the best solutions to resolve my client needs and win my client's trust and confidence.  

Forget generic financial plans! I believe in crafting strategies as unique as you are. Whether you're just starting out, building a family, or planning for retirement, my approach begins with deeply understanding your needs! Understanding your individual circumstances, your priorities, and your dreams is paramount. Together, we'll develop a practical, step-by-step plan to navigate your financial journey, ensuring you feel informed, confident, and in control every step of the way!




#ChooseIndependent with Tony Tan Jie Lun

An in-depth insurance portfolio review with Tony Tan Jie Lun could save you money as you spend less for the same coverage, or allow you to be better protected without spending a cent more.