Protection plans are recommended in the Insurance Guided Journey. Based on MoneyOwl’s calculation of your needs, the top 2 plans for each protection type are displayed.

Protection Types

a. Life Protection

Coverage amount: Based on the calculation of your life protection needs, using your input of income, expenses, assets, liabilities, children’s education and dependants’ needs.

Term duration: The default term duration of the plans is set at 65 to match the typical retirement age in Singapore. The recommended plans include Death and Total Permanent Disability (TPD) coverage.
If a different term duration is preferred, you may obtain a quote from our comparison engine by clicking “Compare prices” on our insurance page.
For children education needs, we use the following projections:

b. Critical Illness

Coverage amount: Based on the calculation of your critical illness needs, using your input of the number of times of annual salary you need to cover.

Term duration:

Based on your selection in the guided journey. The recommended plans include Death, Total Permanent Disability (TPD) and Critical Illness (late-stage) coverage and do not include Early Critical Illness and Multi-Pay Critical Illness coverage as these are not considered protection needs of highest priority. If you are looking for Early Critical Illness or Multi-Pay Critical Illness plans, you may obtain a quote from our comparison engine by clicking “Compare prices” on our insurance page.

c. Occupational Disability

Coverage amount: Based on the calculation of your Occupational Disability needs, using your input of the proportion of the monthly salary you need to cover.

Term duration: Based on your selection in the guided journey.

d. Hospital plan

The recommended plans based on your preference of Hospital ward type. The recommended plans include full riders.If you are looking for plans with partial riders, you may obtain a quote from our comparison engine by clicking “Compare prices” on our insurance page.

e. Long-Term Care

The recommended plans are based on your preference of caregiver.If you have a specific need/plan that is not part of the recommendations, you may obtain the quote from our comparison engine by clicking “Compare prices” on our insurance page. Alternatively, please submit your quote through our platform and share with your dedicated Client Adviser when he/she contacts you after you have created an account. Your Client Adviser will be able to advise and provide you with a customised solution and quotes based on your needs.