Money Hacks Ep 74: Why insurance is good risk management during uncertain times
Synopsis: Updated fortnightly on Mondays, The Business Times breaks down useful financial tips.
This episode is aimed at how to understand basic personal risk management amid the market turmoil this year.
Host Chris Lim speaks remotely with SingSaver's founder and country manager Rohith Murthy.
They tackle the following points:
1. Accept the reality that Covid-19 is a serious threat to income and jobs, and how to assess your finances (3:20)
2. Typical financial journey of a Singaporean or Permanent Resident here (4:30)
3. Why insurance is still seen here as a grudge purchase, and why it is more important in a world of uncertainty (5:15)
4. Establish the risk to your income, cash and health needs; ensure you have the right affordable policy to be protected (6:40)
Produced by: Chris Lim and Ernest Luis
Edited by: Adam Azlee
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Do note: Any financial or investment information in this podcast is for use in Singapore only and is intended to be for your general information. Any particular investment or decision should only be made after consulting with a fully qualified financial adviser.