The Straits Times Podcasts S2E21: What kind of insurance should young adults buy?
Hospitalisation and critical illness insurance are vital, but beware of being upsold or paying too much for premiums.
Synopsis: Every first and third Monday of the month, get a headstart in your personal finance and career with The Straits Times.
What do young people need to know when buying their first insurance package?
Insurance is an essential part of “adulting”, but it can be daunting when choosing from a wide range of products on a tight budget.
Some can also find that insurance agents pressure them into buying products that they are not certain they need.
In this episode, ST business correspondent Sue-Ann Tan looks at what you need to know before buying insurance.
Her guests are NTU undergraduate Megan Wee and DBS bank Singapore head of bancassurance Loh Wanyun.
1:40: What are the different types of insurance?
9:00 Corporate vs personal insurance
11:00 How much should I spend on insurance?
13:25 How to deal with pushy agents
15:50 How much insurance is enough to cover me?
18:05 What are investment-linked policies?
21:00 Where should I buy insurance from?
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
Follow Headstart On Record Podcast channel here:
Channel: https://str.sg/wB2m
Apple Podcasts: https://str.sg/wuN3
Spotify: https://str.sg/wBr9
Feedback to: podcast@sph.com.sg
Get business/career tips in ST's Headstart newsletter: https://str.sg/headstart-nl
SPH Awedio app: https://www.awedio.sg
Follow more ST podcast channels:
All-in-one ST Podcasts channel: https://str.sg/wvz7
Get more updates: http://str.sg/stpodcasts
The Usual Place Podcast YouTube: https://str.sg/4Vwsa
---
Get The Straits Times app, which has a dedicated podcast player section:
The App Store: https://str.sg/icyB
Google Play: https://str.sg/icyX
---
#headstart
See omnystudio.com/listener for privacy information.