In his 20s, celebrity chef Lennard Yeong dismissed hospitalisation insurance as a waste of money-until health crises changed his mind.
Now 38, he’s had appendicitis surgery, a soccer injury, and discovered hereditary gout. These experiences shaped his view on health unpredictability.
Yeong now uses the OCBC app for insurance reviews, leveraging SGFinDex to consolidate policies across insurers. The app provides coverage recommendations based on income, helping identify gaps in protection.
He emphasizes planning for the future-not just for himself, but for his family. After realizing how vital insurance is, he added life coverage and riders for critical illness and age-related conditions.
"Insurance is about protecting what you already have," he says. "Once that’s in place, you can invest with confidence."
Yeong recommends a needs-based approach to insurance, reviewing coverage regularly and starting with basics before expanding as income grows.