Protection Planning
Medical, critical illness and accident protection for individuals and families; employee benefits planning for companies.
All services are provided in Singapore under Singapore regulations.
Who it is for
- Individuals and families who need medical, critical illness or accident protection
- Companies planning employee benefits
What I do
- Medical, critical illness and accident protection planning for individuals and families
- Employee benefits planning for companies
Note: Arranged as needed, as part of an overall plan.
Note: Coverage can start from the rules of thumb in MAS's Basic Financial Planning Guide: about 9 times annual income for death and total permanent disability, about 4 times for critical illness, and at most 15% of income on protection premiums — then be adjusted to your family's situation.
How it works
| Step | What happens |
|---|---|
| 1. Initial conversation | 30–60 minutes to understand your family, goals and concerns; online or in person |
| 2. Needs analysis | A Fact Find and risk profiling as required by Singapore regulations |
| 3. Recommendation | A written proposal with explanations |
| 4. Application | Applications or account opening through the formal process in Singapore |
| 5. Delivery | Implementation and a walkthrough of the documents |
| 6. Ongoing service | Annual reviews, help with changes and claims |
Related Q&As
How much death and total permanent disability coverage is generally suggested?
The Guide's rule of thumb is 9 times annual income. It is based on the Life Insurance Association, Singapore (LIA) Protection Gap Study: in the event of death or permanent disability, dependants (and the insured, for permanent disability) are estimated to need about 9 times annual income to cover expenses, clear outstanding debts and maintain a reasonable lifestyle for a period of time. People with more dependants or higher debts may want more coverage, and others less. CPF members with valid working contributions are generally covered automatically by the Dependants' Protection Scheme (DPS) for basic protection.
Source: MAS (Consumer FAQs on Basic Financial Planning Guide); LIA (Protection Gap Study 2022) (website: mas.gov.sg, lia.org.sg)
How much critical illness coverage is generally suggested?
The rule of thumb is 4 times annual income. It is based on the LIA Protection Gap Study's assumption of a 5-year recovery period after a major illness before returning to work: family expenses and debt repayments during that period are estimated at about 4 times annual income, taking into account lifestyle adjustments due to reduced earning capacity. This is a reference for standard critical illness coverage and can be adjusted to individual circumstances.
Source: MAS (Consumer FAQs on Basic Financial Planning Guide); LIA (Protection Gap Study 2022) (website: mas.gov.sg, lia.org.sg)
How are medical bills usually paid in Singapore?
Medical costs in Singapore are shared through several layers: government subsidies for Citizens and PRs; MediSave pays part of the bill; MediShield Life covers large bills; those who still have difficulty can apply for MediFund assistance; the remainder is paid by the patient.
Source: Ministry of Health, MOH (moh.gov.sg) (website: moh.gov.sg)
What is MediShield Life?
It is a government basic health insurance plan covering all Singapore Citizens and PRs for life. It mainly covers large hospital bills and some costly outpatient treatments, and is designed around subsidised ward costs. Premiums can be paid with MediSave.
Source: MOH; CPF Board (website: cpf.gov.sg, moh.gov.sg)
Do foreigners receive healthcare subsidies in Singapore?
Foreigners on passes do not receive government healthcare subsidies; public hospitals charge them unsubsidised rates, which are considerably higher overall than for Citizens and PRs. For some work pass categories, employers are required by law to buy medical insurance for their employees, as stipulated by the Ministry of Manpower.
Source: MOH; Ministry of Manpower, MOM (mom.gov.sg) (website: moh.gov.sg, mom.gov.sg)
What is CareShield Life?
It is a government long-term care insurance scheme. Citizens and PRs born in 1980 or later are automatically covered; if the insured becomes severely disabled, monthly cash payouts are provided to help with long-term care costs.
Source: MOH; careshieldlife.gov.sg (website: moh.gov.sg, careshieldlife.gov.sg)
Official references
- MoneySense: Basic Financial Planning Guide www.moneysense.gov.sg/planning-your-finances-well/
- MOH: MediShield Life, MediSave and MediFund www.moh.gov.sg (Search the site for: MediShield Life / MediSave / MediFund)
- CareShield Life: CareShield Life www.careshieldlife.gov.sg
- MOM: Medical insurance requirements for foreign workers www.mom.gov.sg (Search the site for: medical insurance requirements for foreign workers)
- LIA: Critical illness definitions and consumer guides www.lia.org.sg (Search the site for: critical illness definitions / consumer guides)
- GIA: General insurance consumer information www.gia.org.sg
- MoneySense: Consumer financial education (insurance and investment guides) www.moneysense.gov.sg
Policies may change; please refer to the latest official announcements.
Would you like to talk about your situation? The initial conversation takes 30–60 minutes, online or in person.
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