S2E37: Are you overinsured? Here's how to review your policies
The Straits Times Podcasts
Outro
Tan Tam Mei closes the episode, invites feedback, and notes the podcast's disclaimers and production credits.
How much coverage is too much?
Synopsis: Every first and third Monday of the month, get a head start in your personal finance, career and life with The Straits Times.
The question people always have when buying insurance is: how much? And not just how much it costs, but how much is enough?
How can you tell if you have too much insurance?
In this episode, ST business correspondent Sue-Ann Tan looks at what being overinsured means and how to review your policies.
Her guest is Life Insurance Association’s executive director Chan Wai Kit.
Highlights (click/tap above):
3:36 What are riders and do I need them?
6:14 Why are riders so expensive?
8:10 Do I need my own policies if I already have corporate insurance?
12:00 Why do premiums increase with age?
14:48 How to tell if I’m spending too much on insurance?
20:09 What happens when I cannot pay for my premiums?
Read Sue-Ann Tan's articles: https://str.sg/mvSa
Follow Sue-Ann Tan on LinkedIn: https://str.sg/A86X
Host: Sue-Ann Tan (suetan@sph.com.sg)
Produced & edited by: Amirul Karim
Executive producers: Ernest Luis, Lynda Hong & Joanna Seow
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Feedback to: podcast@sph.com.sg
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Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.
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