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Protecting my kids means…

I never knew I could love this much until I gave birth to my kids – all four of them.

kio1

When I grew up in the 80’s, children wandering in the neighbourhood on their own without parental supervision were a common sight. I then thought to myself, “Why aren’t their parents with them? What if something happens to them?” Even though I was still a kid back then, I knew that a parent’s job is to protect his/her kids. I guess my mum has brought me with so much love and hence I know I must reciprocate when my turn comes to be a mother myself.

Being a mother means I need to always be ready to take care of my kids emotionally, physically and financially.

kio2

I work from home and hence; I am there with and for my kids almost 24/7. And that also means that I am always updated with even the slightest change in any of my kids. For instance, I will detect it first when any of them is about to have fever. Mother’s instinct, you think? Super power, I think. But what’s the bigger picture here?

They may have just the normal fever now, and that’s fine. Nothing much to worry about. Medications are still affordable. But what if something even worse were to happen to them in the near future? What if the medical expenses or hospitalisation bill cost a lot more than I could ever afford? Will I be prepared financially?

I feel like it is my responsibility if anything bad were to happen to them – I am taking every extra step possible to ensure that I am not overprotecting my kids at the same time. When parents overprotect, that will create more problems for their kids in the long run. But I will save parental overprotection for another post.

Even though I am always with and for the kids, I can never quite prepare myself enough for my kids.

kio3

But I can certainly protect them for the future.

Having children also means that we already have the basic instinct of parents to        protect them.

Our children are completely dependent on us for all their needs.

Of course, before we can attend to our children’s needs, we need to protect ourselves first, financially. In this way, if anything bad to happen to us, there is always something that we leave behind for our kids – financial safety net.

Financial safety net is meant to protect us AND OUR FAMILY from losing our financial security should an unexpected event like a catastrophic illness or personal tragedy happen to us.

Before anything, start with a rainy day fund.

kio4

Rainy day fund is so crucial yet so hard for many to attain and maintain, especially due to the high cost of living here in Singapore.

The objective of a rainy day fund is mainly to be easily accessible in times of emergency. Without rainy day fund, many will resort to taking loans from the bank with high interest rates. That may help us in the short run but will add burden to us financially never in the long run. Something for us to think about.

Did you know that an average working Singaporean would require at least $626,000 to meet their Protection needs?

WOAHH.

Health care costs have also increased over the years, and hence we need to be adequately covered against life uncertainties.

How can we possibly achieve that?

(1) TM Term Assure: Covers mainly working adults and parents

  • Basic and affordable term plan that provides significant lump sum payout upon death, terminal illness and total permanent disability
  • For someone aged between 25 to 35 years, it is as little as less than S$1 a day for a 5-year TM Term Assure plan with coverage of S$500,000.

 

(2) KidAssure GIO Rider: A juvenile rider that provides coverage for 24 medical and hospitalization conditions

  • A death benefit is also payable regardless of prior claims.
  • Can be attached to most of Tokio Marine’s basic plans
  • Only need to pay 5 years of premium and coverage is till 19 years old.
  • A refund of 80% of the total annual premiums paid for the rider when the child reaches age 19.
  • Guaranteed acceptance with no medical underwriting required

For more information on how you can protect yourself and your kids, click on www.tokiomarine.com/protect

 

Or come on down to Baby World 2017 and visit the Tokio Marine booth (K15) for exciting fun and games!

Are you going? I definitely am!

 

Date: 30 June to 2 July
Time: 11 am to 8pm
Venue: Suntec City Exhibition, Level 4

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posted by admin in Advertorials,Education,Events,Family,Life,Myreen Nadya,Mysha Nadya,Parenting,Shakeel Adly,Sharleez Nadya and have Comments Off on Protecting my kids means…

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