Total and Permanent Disablement Insurance covers you in the event that you are no longer able to work. This cover will pay out a lump sum in the event that you are totally and permanently disabled and no longer able to work again. As a working expat in Singapore, you may very well be the sole or primary bread-winner for your family, what would happen if you could no longer work and earn an income? How would you continue to meet your ongoing family expenses?
Total & Permanent Disablement Insurance is often added as a rider to a life insurance policy, providing an extra degree of cover for relatively little expense. This can provide some ‘peace of mind’ for you and your family in the event that you’re unable to work and unable to carry out daily activities.