Prudent planning, protected pockets
When prices keep rising and healthcare costs outpace salaries, cutting corners feels tempting. But smart money moves aren’t about giving things up. They’re about getting them right. Which brings us to the latest financial buzzword: “right-siting.”
It started in healthcare but now applies to almost everything including your insurance. Are you paying too much for coverage you don’t need? Or worse, too little for what really matters?
In this week’s Money Hacks from The Business Times, host Howie Lim speaks with Chan Wai Kit, executive director of the Life Insurance Association, about how to “right-site” your insurance so your protection actually fits your life, not your panic level.
Why listen
- Right-site your coverage: Work out what you truly need so you can stop overpaying and still stay protected.
- The real cost of care: Medical inflation is running at 12 per cent. Find out where most people underestimate their risk.
- Free up cash, not risk: How a portfolio review can release capital for savings and investments without leaving gaps in your safety net.
- For Gen Z: First-jobbers and side-hustlers get a practical checklist for affordable, meaningful cover.
Insurance isn’t about paying for peace of mind. It’s about understanding what peace of mind should cost. This episode breaks down what’s worth keeping, what’s worth trimming, and how to make your protection plan as efficient as your next budget spreadsheet. Listen now.
Find more great content at bt.sg/podcasts. For feedback or episode ideas, email the team at btpodcasts@sph.com.sg.
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Written and hosted by: Howie Lim (howielim@sph.com.sg)
With Chan Wai Kit, executive director, Life Insurance Association (LIA)
Edited by: Howie Lim & Claressa Monteiro
Produced by: Howie Lim & Chai Pei Chieh
A podcast by BT Podcasts, The Business Times, SPH Media
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Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.
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