S1E129: Critical illness coverage: Insurance for your income - BT Money Hacks (Ep 129)

Synopsis: Every first and third Monday of the month, The Business Times breaks down useful financial tips. How can you make sure you don’t suffer ‘lost earnings’ from having to take time off work to recover from an illness? And how affordable is critical illness coverage in this inflation-riddled environment? For more insights, correspondent Howie Lim speaks to Colin Chan, managing director for group marketing at Great Eastern. This episode is brought to you by Great Eastern. Highlights of the conversation:  01:53 The concerning critical illness insurance gap 04:44 The lingering misconceptions debunked 08:31 Affordability of C.I. plans 09:56 C.I. coverage continues to evolve 12:19 How to reframe the message Produced by: Howie Lim ([email protected]) and Claressa Monteiro Edited by: Howie Lim More about: Great Eastern https://www.greateasternlife.com/sg/en/about-us.html Critical Illness Coverage https://www.greateasternlife.com/sg/en/personal-insurance/our-products/health-insurance/great-critical-cover.html How to donate www.giving.sg/campaigns/SCS_Return_to_Role_Programme Follow BT Money Hacks podcasts every first and third Monday of the month, and rate us on: Channel: https://bt.sg/btmoneyhacks Apple Podcasts: http://bt.sg/oeXe  Spotify: http://bt.sg/oeGN  Google podcasts: http://bt.sg/oeGP  Website: https://bt.sg/moneyhacks Feedback to: [email protected] Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.  --- Discover more BT podcast series: BT Mark To Market Podcast at: http://bt.sg/btmark2mkt  WealthBT at: http://bt.sg/btwealthbt PropertyBT at: https://bt.sg/btpropertybt BT Market Focus at: http://bt.sg/btmktfocus BT Podcasts at: https://bt.sg/pcOM   --- For more on personal finance, go to: bt.sg/moneyplaybook #BTPodcastSee omnystudio.com/listener for privacy information.