That one not life insurance la, is it incomeshield, healthshield
or whatever shield?
Those are called Health Insurance.
Life insurance is something you pay on a monthly basis, which is
both an investment and protection. Investment as in, you get
interest on an annual basis, normally 3.25% (or 3.65%?), also note
that it's compound interest, the interest you get per year also
generates interest.
Protection as in death coverage, dreadful diseases and etc.
By the way, I'm not an insurance agent, but I bother to read
up.
We hope to see that Singaporeans should have more people like
you who will bother to read up and learn things.
Kudos to you.