Reasons Why Fresh Grads Should Consider A Savings Insurance

Reasons Why Fresh Grads Should Consider A Savings Insurance

After all the sleepless nights, your hard work has finally paid off! That moment where you are up on stage receiving your diploma or degree is one that you will want to savour forever. When the euphoria of it all wears off, the reality of adulting starts to sink in.

Everyone has their own to-do list to kickstart their adulting plan. Some things are common, like finding a job. Others, such as getting a savings insurance, fall in the category of this-is-what-you-need-but-don’t-know-it-yet. You are probably thinking why you would need an endowment plan. Let us break it down for you.


One of the reasons why you should purchase a savings insurance is because of the unexpected circumstances that you might face along the way. Such incidents are normally unexpected and no one can predict when it will happen, so it is always better to be safe than sorry! Whether it happens in the near or distant future, you can always take measures to prepare for the unexpected by protecting yourself from the financial consequences that might occur due to these events.


As a fresh graduate about to take the first steps in the corporate world, the biggest financial responsibility is usually your study loan. The best time to start saving for your big ticket items, be it your house or your child’s education, is now – when you do not have many commitments yet. Before the other big ticket expenses start to pour in, do yourself a smart favour by investing in an endowment policy. While you hustle, let the money work for you too! How does this work? In an insurance endowment plan, the premium you pay is used to invest in a range of financial products. If your investment portfolio performs well, you will be able to receive more than what you have put in (non-guaranteed)! So take this opportunity for you to slowly (but surely) build your savings with an endowment policy, while protecting yourself from unexpected events.


Since you are a fresh graduate, we know you might have just started your first job but retirement in Singapore is one of the things you should start to consider from as early as when you just started out in the workforce. Sure, retirement might seem a long way from now with the years of toiling ahead, but it should still be on your radar! The best time to strategise and plan how you want to achieve your ideal retirement lifestyle is always as early as possible. It shouldn’t be something you only think of when you have already worked a few decades.  Make sure to have the retirement you’ve dreamed of by planning early! The key is to accumulate enough savings smartly with a strategic insurance endowment plan so that after years of hard work, you’ll just relax and enjoy life. Now who wouldn’t wish to retire early?

“Set peace of mind as your highest goal, and organize your life around it.” – Brian Tracy

Now, aside from the reasons stated above, the greatest reason why you need an endowment plan is none other than the peace of mind that we are all seeking for. While you can’t control what might face in the future, having that assurance that you have the necessary measures put in place to prepare for whatever life throws at you will definitely keep you at ease. Although it might seem difficult to attain peace as a state of mind, you can work towards it slowly but surely with the help of an insurance endowment plan.

AmplifyFlex by Etiqa, is an insurance endowment plan that you can tailor for the major milestones in your life. With the option to withdraw your accumulated cash value from the policy should you need it, and different policy terms to choose from, flexibility is key in AmplifyFlex. Explore how you can invest for your future, while laying down a financial safety net for you and your loved ones.


Humanising Insurance

Committed to placing people over policies, Etiqa is a Singapore insurance company owned by Maybank Ageas Holdings. Maybank Ageas is a joint venture between Maybank Group–the fourth largest Banking group in Southeast Asia with more than 22 million customers across 20 countries worldwide, and Ageas –one of Europe’s largest insurance companies with 33 million customers across 16 countries and a history of over 180 years.

Protecting more than 300,000 homes in Singapore since 1961, Etiqa is best known as the appointed insurer for the Singapore Housing Development Board (HDB) Fire Insurance Scheme. Etiqa also provides comprehensive life and general insurance solutions with affordable and transparent insurance premiums. These include motor insurance (including motorcycle insurance), travel insurance, home insurance, maid insurance, insurance savings plan, retirement and legacy planning. Etiqa is one of the first insurance companies in Singapore to empower its customers with online insurance, offering innovative, customer-centric experience such as real-time travel delay insurance.

Discover the full range of Etiqa online insurance plans here.

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