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.
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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


Tiffany Tay (AWP, AEPP)

Senior Financial Consultant

About Tiffany Tay (AWP, AEPP)

I’m Tiffany Tay, a licensed financial planner in Singapore. I specialize in helping Christians navigate the complexities of wealth through the lens of Biblical stewardship. If you’re looking for a financial partner who honors your faith while providing practical, licensed wisdom, you’re in the right place.

Why Partner with a Christian Financial Advisor?
As believers, we know that money isn't just about accumulation—it’s about being a faithful steward of what God has entrusted to us. Many of us carry the weight of wanting to be generous while ensuring our families are well-provided for.

I come alongside you to turn that uncertainty into a clear, God-honoring plan by:

  • Building Biblical Clarity: Moving from feeling overwhelmed to having total confidence in your financial choices.
  • Ethical & Values-Based Investing: Navigating the markets to avoid industries that conflict with Christian convictions (such as gambling or tobacco).
  • Strategic Generosity: Structuring your cash flow so you can tithe and give joyfully without compromising your family’s future security.
  • Professional Excellence: Providing transparent, licensed guidance backed by years of experience in the Singapore financial landscape.

Faith-Based Financial Services in Singapore
I provide comprehensive financial planning for Christians that integrates modern strategy with eternal perspectives:

  • CPF & SRS Optimization: Retirement strategies rooted in the principle of wise stewardship.
  • Values-Driven Portfolios: Investing in companies that align with your ethical and spiritual standards.
  • Protection & Insurance: Securing your family’s future with a "provision-first" mindset.
  • Legacy & Estate Planning: Ensuring your wealth continues to do good for generations to come.
  • Specialized Support: Tailored financial guidance for missionaries and full-time Christian workers.

Start Your Stewardship Journey Today
Managing money doesn’t have to feel like a burden. With a plan that honors God and cares for your family, you can move forward with a heart of peace and a mind of wisdom.

If you are looking for a Christian financial planner in Singapore who understands your values as deeply as your financial goals, I would be honoured to walk this journey with you.

Book a Complimentary Consultation




#ChooseQuality with Tiffany Tay (AWP, AEPP)

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