1) Disability does not discriminate
It doesn't matter if you have an 8-pack, or if your health report has zero red marks. Accidents and illnesses can happen to anyone, at any time which may lead to disability.
2) The odds will surprise you
According to a study done by the National Council of Civil Service (NCSS), around 1 in 30 Singaporeans aged 18 - 49 are suffering from some form of disability1.
3) Prepare for the worst - permanent or long-term disability
Even with the above odds, when you are young, it can be hard to imagine being disabled for life or for a long time.
4) Younger = Less savings
You won’t have as much in reserve to cushion your loss of income. And chances are, your kids won’t be old enough to support you financially yet.
5) Younger = More expenses
From your childcare fees to housing loan, it is when you are in your prime that the expenses can really pile up. You will need all the help you can get, especially with the added rehabilitation fees. Get an estimate of how much you will need with our Disability Cost calculator.
But doesn’t disability insurance add on to those expenses? Not really. Disability insurance is largely affordable. Be prepared in the event of a disability and plan early with GREAT CareShield.