News Life and Health11 Sep 2023

Singapore:Critical illness protection gap narrows

| 11 Sep 2023

The Life Insurance Association, Singapore (LIA Singapore) has unveiled findings of the Protection Gap Study (PGS) 2022 which found that economically active (EA) Singaporeans and Permanent Residents in Singapore - including Platform Workers (PWs) - had a S$373bn ($273bn) mortality protection gap and a S$579bn critical illness (CI) protection gap. This equates to a 21% mortality protection gap and a 74% CI protection gap in Singapore in 2022.

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