22-07-2011, 08:15 AM
Insurance is actually not cheap relative to the low wage level in SG...
A comprehensive coverage will eat up a lot of savings..
In addition, when it comes to making claims, a lot of conditions must be fulfilled...
I am not surprised that many Singaporeans are UNDER-INSURED...
The poor will not be able to afford a comprehensive coverage and the middle-income is already stressed trying to make ends meet in the ever expensive SG city !!!!
A comprehensive coverage will eat up a lot of savings..
In addition, when it comes to making claims, a lot of conditions must be fulfilled...
I am not surprised that many Singaporeans are UNDER-INSURED...
The poor will not be able to afford a comprehensive coverage and the middle-income is already stressed trying to make ends meet in the ever expensive SG city !!!!