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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

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Kelly Ng

Kelly Ng

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.

    Money PlaybookInsuranceFinancial planningpersonal financeMoney Playbook

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