Secure Your Future: Close Your Insurance Protection Gap Today

Are you adequately protected against life’s uncertainties?


 
Did You Know?

Singaporeans Face a $952 Billion Protection Gap


The latest Protection Gap Study 2022 by the Life Insurance Association Singapore (LIA) revealed that there remains a 21% mortality protection gap and a staggering 74% critical illness (CI) protection gap among economically active individuals in Singapore1.



$373 billion In total mortality protection gap
$579 billion In total critical illness protection gap



Find Out How to Close Your Protection Gap Today
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Why You Need to Act Now

  • Life Expectancy is Rising: Singaporeans are living longer, but extended lifespans mean more years of health-related expenses. Have you factored this into your current coverage? Not doing so could erode years of savings and derail even the most carefully laid retirement plans.

  • Critical Illnesses are Expensive: Did you know that on average, patients struck with a critical illness take around 3 to 5 years to recover and return to being economically productive? This leaves many families under-prepared for long recovery periods and lead to degradation in standard of living.

  • Peace of Mind for You and Your Loved Ones: Ensuring you are fully protected with life and critical illness insurance isn’t just about safeguarding yourself—it’s about giving your family financial security if the unexpected happens.

What Are the Essential Insurance Coverage Recommended for Working Adults?


According to the Monetary Authority of Singapore’s Basic Financial Planning Guide2, here are the basic rules of thumb for protection that you can consider.

Whole/
Term Life Insurance

  • Provides financial support to your loved ones in case of premature death, helping them cover ongoing lifestyle expenses.
  • The coverage amount recommended is at least 9 times your annual income.
Learn More

Critical Illness Insurance

  • Covers major medical costs and offers a lump sum payout to ease the financial burden of long-term recovery.
  • The coverage amount recommended is at least 4 times your annual income.
Learn More


For example, someone with the median monthly income of $5,197 should be covered for death & total permanent disability to the tune of at least $561,276. This person should also be insured against critical illness for at least $249,456.

Take Control of Your Future Today

To help you bridge your protection gap, Financial Alliance has partnered with our insurance partners to offer exclusive insurance bundles designed for young adults like you.

Our comprehensive solutions include both Life Insurance and Critical Illness Protection, offering you the best of both worlds.

For a limited time, these bundles come with attractive discounts, cashback rewards and other perks for customers. Terms and conditions apply.

Schedule a Consultation

Footnotes

[1] Source: Protection Gap Study 2022 by Life Insurance Association of Singapore

[2] Source: Basic Financial Planning Guide by the Monetary Authority of Singapore

Note: Insurance plays an important role in your financial planning, and buying an insurance product is a long-term commitment. You should seek financial advice from your trusted financial adviser representative before purchasing any policies.

Frequently Asked Questions on Term Life Insurance

Term insurance is life insurance that provides insurance coverage only for a fixed period of time. An example of term insurance is the Dependants' Protection Scheme.

Riders can be attached to enhance the benefits provided by the policy. As this may vary from product to product, check with your insurance company for more details.

Need Advice?

Meet Your #ChooseQuality
Financial Adviser Representative


Lyu Lili

Independent Financial Adviser 独立理财顾问

About Lyu Lili

您好，我是 Lily 吕丽丽。2011年来到新加坡后，我在本地大型公立医院儿科工作了15年。长期与孩子、家长以及不同家庭接触，让我深刻体会到：很多时候，一个家庭真正面对压力的，不只是疾病本身，而是风险发生后带来的经济压力、未来的不确定感，以及家庭责任的失衡。
也正因为如此，我选择进入理财行业。希望把“事情发生后被动面对”，变成“提前做好准备，降低未来风险”。医疗背景让我更理解新加坡医疗体系、保障的重要性，以及不同家庭在人生阶段里的真正需求。
进入理财行业后，我主要专注于风险管理、医疗保障、财富规划以及家庭资产配置。我希望用更理性、长期、适合个人情况的方式，帮助客户建立属于自己的保障与财富结构。
作为独立理财顾问（FA），我不受单一金融机构限制，可以从不同公司的方案中做比较，更客观地站在客户立场思考问题。我服务的客户，多数是在新加坡发展的家庭、父母、新移民，以及希望更早规划未来的人群。
我始终相信，真正好的顾问，不是不断推销产品，而是在客户需要的时候，能够提供专业、清晰并且长期可靠的建议。
目前我也会在小红书、Instagram, Facebook 等平台分享新加坡保障体系、医疗规划以及财富管理相关内容，希望用更生活化、容易理解的方式，让更多人少走弯路，对未来多一份安心。
如果你也希望找一位可以长期沟通、轻松交流的顾问，我很愿意从一次简单的聊天开始。

欢迎咨询




#ChooseQuality with Lyu Lili

An in-depth insurance portfolio review with Lyu Lili could save you money as you spend less for the same coverage, or allow you to be better protected without spending a cent more.