If you are looking for a guide to insurance-linked policies (ILP) in Singapore then this article will show you how to find the right company and policy for your requirements. Basically, these are an umbrella policy that comes with various insurance products like life insurance, health insurance, car insurance, property insurance, etc. Most Singaporeans do not understand the benefits of having such a policy. However, if you consult your friends who have had such policies, they will tell you how beneficial such a policy is. For instance, if you are married and if either of you dies, your spouse will get the money that you had jointly invested in a joint account, irrespective of whether you are alive or not.
Another advantage of having such policies is that the premiums are deducted monthly, which further lowers the cost of the policy. There are many Singaporeans who do not want to make monthly payments, as the payment is usually more than what they can spare. However, when you use the guide to insurance-linked policies in Singapore, you will come across various plans that suit your needs. For instance, if you want to pay a lump sum amount for a funeral or burial expenses, you can get a policy that will refund the amount within a period of one month. Such policies are also helpful when you move to another country, as the policy-holder will get his assets transferred to the country of the person who dies, and will get the money reimbursed to him.
When you use the guide to insurance-linked policies in Singapore, it becomes easy for you to get all the information you want without asking too many questions. For instance, the premium of the policy is usually based on your personal information and your age. Hence, if you are young and healthy, you will be able to get a cheap insurance-linked policy in Singapore. On the other hand, if you are old and unhealthy, you will probably be charged a high premium.