Prudential or NTUC has some scheme like this, but for PR/SC ONLY ..AngMoG wrote:I don't think such an insurance exists, but I'd be happy to have someone enlighten me to the contrary. It would kind of run contrary to the whole philosophy here where nobody helps you but yourself.
If you are unemployed here as a foreigner, you have to leave once your tourist visa expires (you get one month upon cancellation of your EP). you can do 1-2 "visa runs", probably, to extend that time, but the government is watching these very closely now. Your best unemployment insurance would be to put some money aside for the rainy days.
I have it, but it's only for loss of employment due to serious illness or TPD (policy is from NTUC). It's a good investment in my opinion - costs about $1500 a year and pays $5000 a month til age of retirement 6 months after the illness kicks in. In my case I have a deadly fear of being paralyzed and it was a way of mentally coping with that.ecureilx wrote:Prudential or NTUC has some scheme like this, but for PR/SC ONLY ..AngMoG wrote:I don't think such an insurance exists, but I'd be happy to have someone enlighten me to the contrary. It would kind of run contrary to the whole philosophy here where nobody helps you but yourself.
If you are unemployed here as a foreigner, you have to leave once your tourist visa expires (you get one month upon cancellation of your EP). you can do 1-2 "visa runs", probably, to extend that time, but the government is watching these very closely now. Your best unemployment insurance would be to put some money aside for the rainy days.
I just want to comment on this, as I might be unusual here in having direct experience of this.PNGMK wrote: In my case I have a deadly fear of being paralyzed and it was a way of mentally coping with that.
I don't think Singapore have an insurance that pays out when you are unemployed. What PNGMK has sounds like a disability income insurance that pays out after a certain waiting period (in his case 6 months) when an individual suffers from disability and cannot perform certain number of activities of daily liviings.PNGMK wrote:I have it, but it's only for loss of employment due to serious illness or TPD (policy is from NTUC). It's a good investment in my opinion - costs about $1500 a year and pays $5000 a month til age of retirement 6 months after the illness kicks in. In my case I have a deadly fear of being paralyzed and it was a way of mentally coping with that.ecureilx wrote:Prudential or NTUC has some scheme like this, but for PR/SC ONLY ..AngMoG wrote:I don't think such an insurance exists, but I'd be happy to have someone enlighten me to the contrary. It would kind of run contrary to the whole philosophy here where nobody helps you but yourself.
If you are unemployed here as a foreigner, you have to leave once your tourist visa expires (you get one month upon cancellation of your EP). you can do 1-2 "visa runs", probably, to extend that time, but the government is watching these very closely now. Your best unemployment insurance would be to put some money aside for the rainy days.
sorry, there is, for SC/PR only, as a rider on coveragemeklavier wrote:
I don't think Singapore have an insurance that pays out when you are unemployed. What PNGMK has sounds like a disability income insurance that pays out after a certain waiting period (in his case 6 months) when an individual suffers from disability and cannot perform certain number of activities of daily liviings.
oh cool, can i know more? which company?ecureilx wrote:sorry, there is, for SC/PR only, as a rider on coveragemeklavier wrote:
I don't think Singapore have an insurance that pays out when you are unemployed. What PNGMK has sounds like a disability income insurance that pays out after a certain waiting period (in his case 6 months) when an individual suffers from disability and cannot perform certain number of activities of daily liviings.
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