MONEY PLAYBOOK
·
SUBSCRIBERS
Insurance via bite-sized premiums: tasty appetiser, but not a full meal
Entry is cheap and easy, but may not be enough for those with immediate need to close protection gaps of a certain size
Published Sun, Sep 12, 2021 · 09:50 PM
Singapore
MICROINSURANCE has taken off in Singapore and other developed markets in recent times.
An extension of microfinance, the idea is to break up insurance premium payments into small-ticket sizes, in order for low-income individuals to get coverage they would otherwise be unable to obtain.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
