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Insurance planning are an essential element of budgets for all kinds of lifestyles. There are so many types of insurance -- The New Savvy illuminates them and shows how to determine which ones are right for you in various life stages. Explore how to shop for plans, compare terms and assess premiums, benefits and payment plans in the context of your own lifestyle. With insurance offerings on the market ranging from supplementary medical, disability, travel, car, property, life, mortgage, endowment and even pet health policies, it’s crucial to understand the pros and cons of each type and how taking out a policy can affect your financial planning. The topic of insurance may appear to be complicated, and the typical policy’s fine print doesn’t make for light reading. This insurance planning and buying guide for women can help you figure it out. Insurance was designed to protect the holder from major liability in the case of catastrophe. It’s not hard to imagine the financial meltdown that would occur if a dream home were decimated by fire or a new Audi A4 wrapped around a tree. Including a position for insurance premiums in a household budget is a logical step on the part of any savvy woman. A crucial aspect of purchasing insurance is figuring out what you need to own in the first place. This guide offers great tips to help women figure out if a policy purchase makes financial sense. Sometimes it’s a matter of rationally weighing the odds of a significant event like serious illness interfering with your holiday plans, and how much money you stand to lose in prepaid airline fares. Other times there are factors to consider from a more emotional point of view, as the prospect of children becoming destitute following the death of parents with no life insurance. There are several pathways to a prudent investment in insurance. Above all, it pays to be a thorough researcher and educated shopper. Insurance is a retail product which is marketed and sold directly to the people who need it. Agents, the internet and even telephone salespeople are some of the very accessible points of contact to start comparison shopping for insurance of almost any kind. Employers often offer medical, dental, disability and life insurance packages and may deduct the premiums from your pre-tax income to lower your overall taxable base. Government-sponsored safety net medical insurance programmes designed specifically for the retirement years are now a given in most countries. This insurance planning and buying guide for women, particularly when used in consultation with your financial planner, can help you maximise your insurance benefits while keeping your premiums low. Familiarising yourself with insurance jargon with The New Savvy’s help will go a long way towards developing any woman’s strategic thinking about insurance.

Singapore courts made a record payout for a traffic accident in October.  A boy left a quadriplegic after he was hit by a car at a crosswalk received $1.64 million in damages. "Our lives have been turned upside down...
What are endowment plans in Singapore? Are you worried about having enough money to pay for your child’s college education? Will you have the deposit you need in 10 years for a down payment on a bigger home as your...
What Is Covered In A Disability Insurance Policy In Hong Kong? A disability insurance policy is one of the most ignored among the other insurance policies available in the market. According to an article published by the South China Morning...
Good job on taking the first step to being a responsible adult. Yes, we’re talking about actually making a conscious decision to purchase the right insurance cover. The only problem is, now, you’ve been smacked in the face by...
Such a necessity yet foreign to many. You may have it but do you know what your insurance covers?
This article originally appeared on ValuePenguin Singaporeans love to buy a travel insurance policy when planning an overseas business trip or a holiday. For a relatively small amount of money, you can get insurance coverage for a medical emergency, cancellation...
Reduce Your Risk: Benefits of Insuring Property in Hong Kong If you own any real estate in Hong Kong, you need to think about getting a property insurance to protect your asset. In Hong Kong, you would think that this...
Considerations and Options for Endowment Insurance Plans in Hong Kong There are so many ways an endowment plan can help improve your financial position. In Hong Kong, an endowment policy is usually viewed as an opportunity to save money with...
In this recap series of The Future Is Female conference 2017, we delve into one of the panels, Why Insurance Is A Good Investment For Yourself.  "You can’t trust anything that you don’t understand. The insurance industry has many channels...
A Saturday morning soccer game can turn into a major financial burden for your family if you do not have proper accident insurance.  If your son breaks his ankle while kicking the ball through the goal posts, it can...
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