SEE:StashAway to launch in Hong Kong
StashAway Term Life is a yearly renewable policy designed to give clients a flexible insurance option. This flexibility is especially useful to those early in their careers or those looking to effortlessly top-up any existing coverage they have whether individually or as part of their employee benefits.
Amanda Ong, country manager of StashAway Singapore, says “although it’s convenient to lump investments and cash into an insurance policy, the higher premiums for whole life insurance and ILPs aren’t usually worth the extra cost.“ Thus, she believes that clients are “better off buying term insurance and investing [their] savings in a separate investment product” in terms of cost.
