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What are the benefits for expat to buy Insurance from local insurers in Singapore?
Many expats have the understanding that they have life coverage covered by their employers as most employers in Singapore offers basic life insurance cover for their employees as part of the employee benefits package. We do agree that there will be existing coverage but this coverage will not be sufficient for your spouse, family, to financially survive in Singapore if something critical hits and require ongoing medical assistance.
There are also expats mentioned that they may be thinking of buying additional coverage through work, however, you have to consider that when you are heading to a new job or lose your job, this cover would be gone. Thus, at Expat insuring Singapore, we recommend expats that are based in Singapore to buy from a local insurers and eliminate unforeseen circumstances that can be prevented.
So what are the benefits for expats to buy in Singapore?
With Life Insurance purchase from local insurers, any medical treatments will be done in Singapore’s treatment centers which are highly regarded in the world. Thus, you can assure your family that you will be well taken care of while local insurers and Expat Insuring will take care on the rest of the financial burdens.
If you need any further assistance or advice, do drop us an inquiry today here!