Dos and Don'ts
DOs
BE SENSIBLE
Understand your own needs
Assess your individual circumstances, decide what
insurance cover you need, your affordability and the extent of
coverage required to fulfil your specific needs.
BE KNOWLEDGEABLE
Understand the insurance products
Insurance comes in different types and levels of
covers. Make sure you understand what your insurance policy covers
and doesn't cover and for what risk you might need extra coverage.
BE WISE
Understand the market
Shop around and compare quotes from different
insurers based on identical policy terms and features. Look for an
insurance company with good reputation and an agent that you can
place trust.
BE HONEST
Understand your obligations
It's your obligation to disclose truthful and
accurate information such as medical and claims history to the
insurer when submitting policy applications or making claims. If
not, your policy may be terminated or claims could be rejected.
BE VIGILANT
Understand your rights
Go through the policy thoroughly before signing on
it and clarify with your insurance intermediary if anything is
unclear. Make sure you know who is your handling agent and from
which insurer you are taking out the policy.