4 Things to look for when selecting an insurance provider in Singapore

1. 4 Things to look for when selecting an insurance provider in Singapore Buying insurance can be a tall task indeed. With so many providers to compare, clauses to understand, and plans to choose from, the process can be overwhelming. To help you better understand their plans and coverage, some insurance companies have financial consultants to guide you. However, how do you know which insurance company to approach for coverage? To help you make that decision, we have listed out 4 things you need to look for when selecting an insurance provider in Singapore.

2. Good customer reviews It helps to know what other customers have to say about a particular insurance provider. Customer reviews will help you gain a better understanding of the kind of service you can expect. Now, you probably won’t find an insurer who has 100% positive reviews; it is normal for slightly negative comments too. Just make sure that the platforms you depend on for these reviews are reliable ones. You can refer to online forums, check social media groups, or even ask family and friends what they think about a particular insurer.

3. Benefits and coverage provided Next, you need to look at the plan benefits and coverage offered. For instance, if you are buying health insurance, look for plans that offer value added services such as cashless transactions. You may use aggregator websites to help you compare the benefits of coverage limit of various plans. Also, do make sure that you can comfortably afford the coverage you are buying not just in the immediate future but in the years to come as well. Another insurer might offer you the same coverage (or more) at a better cost. You can consider talking to a financial consultant for help in shortlisting a few insurance plans that suit your needs and budget.

4. Recommendations of a financial consultant It helps to have professional advice when buying an insurance plan. You can consider talking to a financial consultant for guidance in selecting an insurer and insurance products. They will help you choose the right plan according to your needs for coverage. Most importantly, they will also keep your budget in mind when recommending plans. Remember that you are not obliged to buy the insurance plan that your financial consultant recommends; take it as a suggestion and do a bit of research on your own too. However, it helps to have guidance in sieving out the many options of coverage out there.

5. Discounts and promotions Do make sure to check if your insurer offers any kind of promotions on their plans as these can help you save money on your premiums. Insurers sometimes run promotions for limited periods for selected products, so do look out for such deals when considering your purchase. After all, a dollar saved is an extra dollar in your bank account! Keep these points in mind when buying insurance in Singapore to get great coverage at an affordable price. We hope that this article proves helpful for you, good luck!

6. You can also find more interesting details on the site below: Website: https://www.prudential.com.sg Facebook: https://www.facebook.com/PrudentialSingapore/ Instagram: https://www.instagram.com/prudentialsingapore/?hl=en LinkedIn: https://www.linkedin.com/company/prudential-assurance-company-singapore/ You Tube: https://www.youtube.com/channel/UCWs_Qg2Rahok4kORir5w4eQ