What are the insurances that are locally present?

The necessity of an assurance to a good future calls for me. I am a fresh graduate and I recently got a job. After having my six months in work, I feel obliged on bringing assurance to both my parents and my partner that's why I want to appky for an insurance. As a novice skeptic, I want an insurance that offers good benefits and offers huge coverage.

  • user image

    No Name

    Insurances has different categories. It is not only usable here in Singapore but it can be also used in other countries. Insurances keeps your budget safe when something happens to you. It also helps you with some expenses that are not planned a long the way that occurs to the owner of the insurance.

    2020.03.24 15:44

    Please leave your knowledge and opinion!

    Related Forums

    The property that I have is going for closure, but I recently got my insurance.

    Should I really get one?

    Gonna cost me a lot of money for my surgery

    Would there be a possibility that I may be convicted and sentenced to jail if I was to fail paying my Insurance?

    I don’t have immediate cash on me and the month is about to end, can I collect from my insurance?

    What type of accidents covers car insurance?

    Related Reviews

    Offering material savings for those with a significant amount of debt.

    DBS Debt Consolidation Plan / DBS Bank

    POSB and DBS are offering the most significant promotional deal for debt consolidation loans. This promotion provides a cashback of 3% of the approved loan amount to borrowers. This can result in material savings, especially for those with a significant amount of debt. While the banks charges S$99 for processing fee, it is rather insignificant for applicants that receive the cashback promotion. Additionally POSB and DBS advertise flat interest rates as low as 3.98% (7.23% EIR). These rates are among the lowest available in our review of debt consolidation plans in Singapore however, they are not guaranteed.

    Unlike its competitors, OCBC does not charge a processing fee

    OCBC Debt Consolidation Plan / Oversea-Chinese Banking Corporation

    OCBC's debt consolidation loans charge slightly higher interest rates compared to those of other lenders in Singapore. For this reason, the bank's product is not the most affordable. On the other hand, individuals who are unable to obtain the most affordable debt consolidation loan offers could consider applying for OCBC's Debt Consolidation Plan as a backup option. Unlike its competitors, OCBC does not charge a processing fee and it does not list rates "from X%", which suggests that its rates are more transparent and accessible. Another drawback of OCBC's debt consolidation loans is that they are only offered for tenures of 3 to 8 years, which is restrictive for individuals that would prefer a longer or shorter term debt consolidation plan.

    Enjoy the convinence of merging debts into one account with a fixed interest rate.

    Citi Debt Consolidation Plan / Citibank Singapore

    Debt consolidation loans from Citibank allow you to merge debts into one account with a fixed interest rate. Citibank bundles the debt consolidation loan into the Citibank Debt Consolidation Plan. This plan also provides you with a capped revolving credit facility, to be used as a payment method for daily expenses. If you need to get your debts organised, consider a debt consolidation plan from Citibank.

    Loans that allow borrowers to pay as little as half of their regular monthly instalments

    1st Credit Debts Consolidate Loan / 1st Credit SG

    UOB does not offer the cheapest car loans in Singapore, due to its higher than average interest rates. However, the bank can be a good source of financing for individuals that are unable to obtain less expensive loans.Additionally, UOB's HP50 car loans give borrowers added financial flexibility. This is because these loans allow borrowers to pay as little as half of their regular monthly instalments for the first 59 months of a 5-year loan. In the final month of this loan, borrowers can choose to either fully repay their loan with one final instalment, trade their current vehicle for a new car or enter a sell and lease back scheme with their dealer.

    Lowest debt consolidation plan interest rates in Singapore with effectivly low interest rates

    CIMB Debt Consolidation / CIMB Bank Berhad Singapore Branch

    CIMB advertises the lowest debt consolidation plan interest rates in Singapore, with effective interest rates as low as 7%. This is a great rate for some borrowers that are actually able to secure it; however it is difficult to assess the total cost of CIMB's debt consolidation loan compared to a loan from another bank.Additionally, because POSB, DBS and Maybank are offering cashback promotions and HSBC is offering S$100 cashback and waived processing fees, CIMB's lack of promotions and 1% processing fee make it a less appealing source for debt consolidation loans. It also offers loans with shorter durations of up to 8 years than many other DCP lenders in Singapore.

    With interest rate as low as 0.59% per month and a repayment period up to 10 years

    BOC Debt Consolidation Plan / Bank of China

    BOC Debt Consolidation Plan (DCP) helps you pay off high interest balances with interest rate as low as 0.59% per month and a repayment period up to 10 years. You can consolidate all your credit cards/unsecured loans balances with no tiered interest, no lock-in period for your funds and no monthly conditions to meet, you have flexibility on hand while your account balance expands.