What are riders and do I need them?

Why are riders so expensive?

Is my corporate insurance enough?

Why do premiums increase with age?

Am I spending too much on insurance?

What happens if I cannot pay for my premiums?

How much coverage is too much?

Synopsis: Every first and third Monday of the month, get a head start in your personal finance, career and life with The Straits Times.

The question people always have when buying insurance is: how much? And not just how much it costs, but how much is enough?

How can you tell if you have too much insurance? 

In this episode, ST business correspondent Sue-Ann Tan looks at what being overinsured means and how to review your policies. 

Her guest is Life Insurance Association’s executive director Chan Wai Kit. 

Highlights (click/tap above):

3:36 What are riders and do I need them?

6:14 Why are riders so expensive?

8:10 Do I need my own policies if I already have corporate insurance?

12:00 Why do premiums increase with age? 

14:48 How to tell if I’m spending too much on insurance? 

20:09 What happens when I cannot pay for my premiums?

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

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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/theusualplacepodcast

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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

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Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.

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#headstart

How much coverage is too much?
Synopsis: Every first and third Monday of the month, get a head start in your personal finance, career and life with The Straits Times.
The question people always have when buying insurance is: how much? And not just how much it costs, but how much is enough?
How can you tell if you have too much insurance?&nbsp;
In this episode, ST business correspondent Sue-Ann Tan looks at what being overinsured means and how to review your policies.&nbsp;
Her guest is Life Insurance Association&rsquo;s executive director Chan Wai Kit.&nbsp;
Highlights (click/tap above):
3:36 What are riders and do I need them?
6:14 Why are riders so expensive?
8:10 Do I need my own policies if I already have corporate insurance?
12:00 Why do premiums increase with age?&nbsp;
14:48 How to tell if I&rsquo;m spending too much on insurance?&nbsp;
20:09 What happens when I cannot pay for my premiums?
Read Sue-Ann Tan's articles:<a href="https://str.sg/mvSa"> https://str.sg/mvSa</a>
Follow Sue-Ann Tan on LinkedIn:<a href="https://str.sg/A86X"> https://str.sg/A86X</a>
Host: Sue-Ann Tan (<a href="mailto:suetan@sph.com.sg">suetan@sph.com.sg</a>)
Produced &amp; edited by: Amirul Karim
Executive producers: Ernest Luis, Lynda Hong &amp; Joanna Seow
Follow Headstart On Record Podcast channel here:
Channel:<a href="https://str.sg/wB2m"> https://str.sg/wB2m</a>
Apple Podcasts:<a href="https://str.sg/wuN3"> https://str.sg/wuN3</a>
Spotify:<a href="https://str.sg/wBr9"> https://str.sg/wBr9</a>
Feedback to: <a href="mailto:podcast@sph.com.sg">podcast@sph.com.sg</a>
Get business/career tips in ST's Headstart newsletter:<a href="http://str.sg/headstart-nl"> https://str.sg/headstart-nl</a>
SPH Awedio app:<a href="https://www.awedio.sg"> https://www.awedio.sg</a>
---
Follow more ST podcast channels:
All-in-one ST Podcasts channel:<a href="https://str.sg/wvz7"> https://str.sg/wvz7</a>
Get more updates:<a href="http://str.sg/stpodcasts"> http://str.sg/stpodcasts</a>
The Usual Place Podcast YouTube:<a href="https://str.sg/4Vwsa"> </a><a href="https://str.sg/theusualplacepodcast">https://str.sg/theusualplacepodcast</a>
---
Get The Straits Times app, which has a dedicated podcast player section:
The App Store: <a href="https://str.sg/icyB">https://str.sg/icyB</a>
Google Play: <a href="https://str.sg/icyX">https://str.sg/icyX</a>
---
Do note: All analyses, opinions, recommendations and other information in this podcast are for your general information only. You should not rely on them in making any decision. Please consult a fully qualified financial adviser or professional expert for independent advice and verification. To the fullest extent permitted by law, SPH Media shall not be liable for any loss arising from the use of or reliance on any analyses, opinions, recommendations and other information in this podcast. SPH Media accepts no responsibility or liability whatsoever that may result or arise from the products, services or information of any third parties.
---
#headstart

Get a headstart in your personal finance and career with The Straits Times.

Synopsis: Every first and third Monday of the month, get a head start in your personal finance, career and life with The Straits Times.

Podcasters: Sue-Ann Tan

Produced & edited by: Amirul Karim

Executive producers: Ernest Luis, Lynda Hong & Joanna Seow

A podcast by The Straits Times, SPH Media.

Synopsis: Every first and third Monday of the month, get a head start in your personal finance, career and life with The Straits Times.
Podcasters: Sue-Ann Tan
Produced &amp; edited by: Amirul Karim
Executive producers: Ernest Luis, Lynda Hong &amp; Joanna Seow
A podcast by The Straits Times, SPH Media.