Don’t Have a Second Child Until You Read This

It’s already a challenge to raise one child, let alone two. Don’t get us wrong – We consider every child a precious gift. However, as parents ourselves, what’s important to us is that every child gets to have the best possible start in their lives.

While there are many factors involved in giving our children the flying start they deserve, a financially stable environment is one of the key pillars of a good life. To achieve this, there are some things that second time parents need to keep an eye out for…

Cost of Education

At first glance, the cost of education for a child in Singapore might not appear to be expensive or burdensome. Primary school education is indeed provided free of charge for Singapore Citizens, and Secondary schools only require a nominal monthly fee for their comprehensive educational services, making it accessible for many families.

However, Singapore’s education system is highly competitive. Small steps in the right direction have been taken to alleviate much of our well-known “pressure cooker” environment. Still, how we assess the ability of our children is still exam-based. For children to get a leg up, expensive tuition classes are needed for better test performances, with extracurricular activities coming in to help children develop extra facets of talent.

Tuition costs vary considerably, but regardless of the specifics, they all contribute a significant financial burden for parents to bear. Group tuition at tuition centers can cost $100 to $400 per subject each month, while private home tuition rates can range anywhere from $25 to $100 an hour, depending on the skill level and qualifications of the tutor. When you factor in additional expenses such as textbooks, uniforms, co-curricular activities, and other miscellaneous costs, it becomes evident why some estimates for educating a child all the way up to the university level in Singapore have reached a staggering $1 million or more.

Heavy Costs of Unexpected Illnesses

Ensuring financial preparedness for the cost of your child’s education is only one aspect of the overall equation. Safeguarding your wealth from being decimated due to an unforeseen critical illness is essential in providing a stable and secure future for your children.

This proactive approach requires planning and foresight, requiring that you not only set aside funds for educational expenses, but also seek out comprehensive protection measures to limit the financial impact of unexpected critical illnesses.

With cancer, heart attack, and stroke making up 90% of critical illness claims, these unexpected diseases can sap your away finances rapidly. At the same time, paying for insurance can take a chunk out of your monthly budget, so it makes sense to get protection that adapts to your living situation.

Tiq 3 Plus Critical Illness meets these needs, with highly affordable plans that start at 24 cents a day for quick coverage with little fuss. This affordable plan is also ultra-flexible, with coverage offered in $1,000 increments, starting from $30,000 all the way up to $300,000. This means you can start low, and increase your protection when your second child arrives.

Modern day illnesses also play a part in affecting our lives, and we’ve designed the policy to reflect that. This is why the Tiq 3 Plus Critical Illness also has a 20% payout of the sum insured upon diagnosis of Diabetic Complications or Severe Rheumatoid Arthritis (SRA).

Emergency Funds

A critical illness saps important emergency funding that can be used to pay for daily living expenses. The MOH’s own benchmark fee for unsubsidised Ward B1 for a coronary angioplasty would cost about $27,555.

If we assume that the median salary of a 40 year old is approximately $5,900, then the cost of dealing with a heart blockage would take out more than half of the recommended 6 months’ worth of emergency funding set aside. This is not including recovery costs, as well as living expenses and bills that will continue to chalk up as you get better.

This is one of the key reasons why critical illness coverage is important for all. Without proper insurance to cover the costs of treatment for a critical illness, this additional financial burden would cause undue stress for your family, and set back any plans for funding your second child’s future.

If you’re already covered with critical illness insurance but find your coverage value insufficient, we have good news for you. You can get a quote for Tiq 3 Plus Critical Illness within minutes for amounts starting from $30,000 up to $300,000. Furthermore, Tiq 3 Plus Critical Illness does not require a medical check. As long as you’re healthy today, you’re eligible!

Be Ready For Your Children!

Undoubtedly, welcoming a second child into your family will require meticulous physical and financial planning. Fortunately, we can help you with making sure the latter is well-covered.

As you contribute to our nation’s Total Fertility Rate, it is vital to prioritise the protection and well-being of your unborn child’s future. Protect yourself with best critical illness in Singapore so that you can better care for your little ones.

Click here to get your quote now, and begin your journey on the path toward a happy, and secure future for your growing family.


Information is correct as of 12 September 2023. This policy is underwritten by Etiqa Insurance Pte. Ltd (Company Reg. No. 201331905K). This content is for the reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract. The information contained on this product advertisement is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore. You should seek advice from a financial adviser before deciding to purchase the policy. If you choose not to seek advice, you should consider if the policy is suitable for you. As this product has no savings or investment feature, there is no cash value if the policy ends off if the policy is terminated prematurely. This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit us the Life Insurance Association (LIA) or SDIC web-sites ( or This advertisement has not been reviewed by the Monetary Authority of Singapore.

Tiq by Etiqa Insurance Pte. Ltd.

A digital insurance channel that embraces changes to provide simple and convenient protection, Tiq’s mission is to make insurance transparent and accessible, inspiring you today to be prepared for life’s surprises and inevitabilities, while empowering you to “Live Unlimited” and take control of your tomorrow.

With a shared vision to change the paradigm of insurance and reshape customer experience, Etiqa created the strong foundation for Tiq. Because life never stops changing, Etiqa never stops progressing. A licensed life and general insurance company registered in the Republic of Singapore and regulated by the Monetary Authority of Singapore, Etiqa is governed by the Insurance Act and has been providing insurance solutions since 1961. It is 69% owned by Maybank, Southeast Asia’s fourth largest banking group, with more than 22 million customers in 20 countries; and 31% owned by Ageas, an international insurance group with 33 million customers across 16 countries.

Discover the full range of Tiq online insurance plans here.



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