Question
Recommend best 6 insurance plan available in Singapore to meet all the needs of customer profile stated below. Must explain in details and clear realistic
Recommend best 6 insurance plan available in Singapore to meet all the needs of customer profile stated below. Must explain in details and clear realistic calculation for your recommendation of insurance plan available in Singapore.
Customer profile
Customer willing to take high risk, marital Status is single, age is 20, Occupation is serving national service, annual income is SGD$24,000, average annual bonus is $0, average monthly expenditure is SGD$1,400 (Mohd Abdul is able to manage his expenditure each month),
Customer goal is to save up about $35,000 in 4 years time so that after graduating he can pay back his parents for paying his university fees, and start to get coverage for himself, Assume that customer is able to find part time work upon completion of national service and gets around $2000 per month, Assume customer University studies will take 4 years to complete, customer still has 1 year left in National Service before he enters University.
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