Young children are prone to occasional illnesses that could require hospitalization, especially for newborns, who are yet able to express themselves. As such, parents and physicians often tend to lean towards the safer side to observe them thoroughly. Hence, it is important to make sure they have sufficient and your preferred level of hospitalization cover to minimize cash outlay, to protects your hard earned MediSave monies and savings.
As we watch them grow, all parents ultimately hope to be able to provide the best education possible for their children, whether local or overseas. Therefore, having the discipline to save and grow your monies regularly over the next 18-20 years will be important towards achieving their ideal education funding.
Priority: Hospitalization -> Education Funding
Other Considerations: Critical Illness Protection -> Accident Cover
If you like to understand more, do drop me a message below…
Wee Khai 