投保意想不到的事

1. 哪些事应该被投保？

你应该投保那些意想不到的事，这些事可能发生也可能不会发生，但是如果一旦发生将会给自己和家人造成很大的财务方面的冲击。



2. 哪些是应该被投保的事例？

你应该投保因为意外或疾病而造成的早逝风险。新加坡成年人的死亡率（15岁到60岁之间死亡的风险）是男人8.7%， 女人是4.7%（来自卫生部的网站）。

你还应该投保住院医疗费的保险。严重疾病的账单是难以估计的。

你还应该投保严重疾病或终身残疾而造成失去收入的风险。一旦你得了严重疾病或终身残疾，你的收入将会终止，并且还要当心日常生活费之外的医疗费或护理费。

如果你有驾车，你应该投保重大事故的风险。你不需要投保小的自己负担的起的修理费，这就是为什么在汽车保险中有一个首$500元的除外条款。



3. 哪些是你不需要投保的事例？

你不需要投保可能经常发生的事件，或不会造成重大财务冲击的事件。每个人每年都可能因为发烧冷热而看医生，每辆车每年都需要做几次检修，轮胎每3年或更短的时间更换一次。

这些事都不需要投保，而是用你的储蓄来支付，在绝大多数这类事件中财务冲击是很小的。

不需要为75岁以上的年龄的人购买人寿保险，接下来15年死亡的概率很高。





4. 怎样支付那些没有投保的事件。？

你应该用你的储蓄来支付，这叫“自保险”，因为财务冲击小或发生的概率高。

Insuring the unexpected

1. What are the events that should be insured?

You should insure the unexpected events, i.e. events that may or may not occur but if it occurs would cause a high financial impact.



2. What are examples of events that should be insured?

You should insure against premature death, i.e. death occurring at a young age, due to accident or unexpected illness, Adult Mortality (the risk of dying after the 15th birthday but before the 60th birthday) in Singapore IS 8.7% for men, 4.7% for women(from MOH WEBSITE http://www.moh.gov.sg/mohcorp/publicationsinfopapers.aspx?id=24478), and should be insured. You should insure the inpatient cost, the major illness bill is unexpected. You should insure the critical illness and permanent disability, because if you suffer from critical illness or permanent disability your income will stop, what’s worse you have to consider the additional medical cost or nursing cost on top of your normal every day expenses. You should also insure against a major car accident if you drive, You do not need to insure against small accidents, as the chance of its occurrence is higher and you can afford to pay for the cost of repairs. This is why it is all right to have a motor insurance policy that has an “excess” where you pay for the first $500 of repair cost – as it removes the small accidents.



3. What are examples of events that should not be insured?

You should not insure against events that is likely to occur frequently, or events that do not have a high financial impact. Most people have to see the doctor for minor ailments a few times each year. A motor car has to be serviced every year. The tires have to be changed every 3 years or earlier.

These types of events should not be insured. They should be paid out of personal savings. In most cases, the financial impacts of these events are small.

There is no need for an elderly person, above 75 years, to buy life insurance as the chance of death is likely to occur within the next 15 years, and the financial impact is small.



4. How do I pay for the events that are not insured?

You should pay them out of your personal savings. This is called “self-insurance”. As the financial impact is small and the frequency is high, you can set aside savings to meet these events.