Never understood why people spend so much on insurance. Why not spend more money to improve your well-being through exercises and healthier eating instead? Why not work on reducing the chances of needing to claim insurance, rather than betting huge amount against your well-being.

Some have investment component in it, some insured for large amount of money while some bear the insurance cost of the loved ones.

It is hard to say what he bought from that brief statement.

Same here, too many 10k peeps in this forum, all so zai

Because no amount of exercise, healthy eating or wellbeing activity can prevent indiscriminate illnesses caused by environmental factors, genetic factors or just plain ol cancer.

Don’t know about you, but People generally have dependents and the insurance is a way to provide for them when misfortune strikes.

Health insurance to protect your savings. Life insurance to protect your loved ones.

Thinking its a bet against yourself is the kind of 0 sum game mentality that is either foolish or stinks of privilege.

31M single
Take home: 6200
Mortgage: 600
Insurance: 600
Condo MCST: 350
Utilities: 120
Phone/Netflix: 100
Food/drinks: 1000
Grab/transport: 200
Misc: ~300

Savings: ~2900

That is a cheap mortgage, how much loan did you take for the condo?

Around 650k. That’s just the cash component after using cpf of $1380 every month.

31M single

Take home: 10100
Car: 1600
Parent : 1000
Mortgage: 800
Condo MCST: 180
Bills All-in: 200
Food/drinks: 1000
Insurance: 300

Savings: ~4500

What's your job?

27M

Take home: 3600
Savings: 1750
Bills: 650
Parents allowance: 600
Expenses, food, dates: 600

Seems underwhelming compared to the high-flyers here.