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My father do not trust all these insurances.

My father is a just a simple worker. I tried to tell my father to get an insurance for him to be prepaired for his future, but he does not trust any of these insurances. He said that it is just a big scam. I am a entrepreneur student and also want my father to get these because I can assure that it is safe for him.

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    There are a lot of insurance companies in todays time. But there are a lot of fake insurances too. If you do not trust the companies that you have seen or told by other people. Try to research on the companies that you trust and see what insurances they have. You can also ask your trustworthy friends if they have insurances and ask them what company is it. You can have the same insurance with your friend.

    2020.03.24 15:44

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

There are cases that we are evicted from our properties because the land lord have not settled its mortgage with the bank that needs to be paid as soon as possible. In his situation, he just availed a home insurance and got evicted. Your insurance company cannot deal with foreclosure. But when you find a new property, you can tell your insurance your situation.

Is my kid eligible to get an insurance?

Getting insurance is a safe way to save up money for the later use if ever someone is sick or something happened unexpectedly and needs to pay some bills. Some people ask if even kids get insurance. First, children qualify for full insurance coverage without exclusions. Insurers don’t cover ailments or conditions you have before you buy their plans. Second, premiums will be very cheap because children with clean bills of health are considered low risk cases from the insurer’s point of view. From here, insurance premiums can only go up

A person with disability needs insurance.

Insurance has no limits. Everyone can get insurance whatever there status in life. They can be disable or not. When you are disabled, you can get other benefits that only cases like you have. Once insured, you can get it anytime you need it. Disabled people mostly use their insurance for there cases. Having insurance is a privelage, so do not overwelm yourselves with it.

What are the insurances that are locally present?

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.

Will our insurance system fail one day?

If I am correct, I think you are trying to ask that if start claiming from the insurance company, will they have the money to pay you when you die. First and foremost, it's a contract. Insurers pay billions in claims yearly. Secondly, the premium you pay insurance is invested so they'll be able to earn and pay you back when you die. Number three, all risk is already factored in. Some people will die earlier, others later, while some will cancel, and majority won’t even claim. All this is already priced in and you're paying fair value plus some mark-up for the risk you're passing on to the insurance company. Number four, there is regulation to make sure Insurers have enough money to pay claims. Lastly, insurance companies are reinsured by bigger insurance companies. So don't worry, keep paying your premiums, and you'll be able to claim.

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

I just passed by and from my knowing, I don’t think you'd be able to claim the insurance that you have been spending on especially for wants that is most likely out of the question, most insurance companies only release the money that you have been investing on only when you've been injured, deceased or in dire need of help

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