Dollars & Sense About Insurance
The ABCs of Buying Insurances in Singapore Insurance is important. What is more important is making sure you know the basics so that you can ask your financial advisor the right questions. DollarsAndSense.sg explains the fundamentals worth knowing. The basic idea of insurance is to have everyone contribute an amount and to pool it together into some sort of piggy bank. The piggy bank will be used in the future to pay for the cost of taking care of any of the contributors when he or she falls ill, or gets injured, or whatever else it is designated for. That’s the simplest way of looking at insurance. If you like to know what are the some of the “must-knows” of before buying any insurance, do read a previous article whereby we covered some of the key areas of insurances. r elated: A Must-Read Article Before Buying Any Insurance in Singapore The Myths and Realities of Insurance Insurance Industry Review By MAS: Is It Enough? The fine prints of health insurance Case Study: