Q&A: Should I Buy Insurance Before or After Pregnancy?
In this series, financial adviser Ms Phylise Er Jia Li answers some of the common questions first-time parents have regarding insurance plans and policies.
Q: I don't have insurance yet. Should I buy before or after pregnancy?
A: Life insurance provides protection against the financial setback of unforeseen circumstances such as disability, critical illness or death. On the other hand, health insurance provides protection against the cost of hospitalisation and surgery. Buying a suitable health insurance for your needs is important to reduce the financial burden should you need to seek medical treatment.
You are encouraged to get yourself sufficiently covered even before you are pregnant. Some women may continue to experience their pregnancy-related conditions like gestational diabetes or pregnancy hypertension even after they have delivered their babies. This may make them uninsurable. Speak to your financial adviser representative. He/she will be able to make the recommendations based on your specific investment objectives, financial situation and particular needs.
This commentary expresses the views of Ms Phylise Er Jia Li, a financial adviser representative from AXA Life Insurance Singapore Pte Ltd. It is not made with regard to any investment objectives, financial situation or particular needs of any person. Before making an investment decision, you should speak to a financial adviser representative and/or professional services adviser to consider whether this information is appropriate to your needs, objectives and circumstances.