When you’re buying insurance for the first time, it can feel overwhelming. From understanding what different policies cover to figuring out which one suits your lifestyle, the journey can be confusing. That’s where HL Assurance’s Choice Protect360 comes in. Designed specifically for beginners in mind, this flexible insurance plan offers a comprehensive, all-in-one insurance solution to cover various aspects of your life with ease.
Whether you’re a fresh graduate, a young professional, or simply someone taking their first steps into insurance, here’s why Choice Protect360 could be the best insurance for beginners.
How does Choice Protect360 work?
Choice Protect360 is a flexible, all-in-one insurance plan that allows you to combine up to four different types of general insurance coverage into a single, easy-to-manage policy.
The base plan includes personal accident insurance, which provides financial protection in the event of accidental death or permanent disablement. You can then customise your plan by adding additional coverage options to suit your unique needs. Available add-ons include:
- Home contents insurance to protect your property and belongings.
- Hospital income insurance to provide daily cash payouts if you’re hospitalised.
- Annual travel insurance for coverage during your trips.
This flexible insurance plan is particularly ideal for first-time insurance buyers, offering a simple way to tailor coverage while keeping costs affordable. Here’s how Choice Protect360 can be the ideal plan for those buying insurance for the first time:
1) Choice Protect360 Offers a Wide Range of General Insurance Protection
As a first-time insurance buyer, addressing protection gaps is crucial to safeguarding your future. A protection gap, as defined by the Life Insurance Association of Singapore1, refers to the disparity between your protection needs and the resources available to cover them.
Choice Protect360 helps fill these gaps by offering up to four different types of coverage in a single all-in-one insurance plan. This comprehensive approach is perfect for those buying insurance for the first time, ensuring that you’re protected across multiple areas from the start.
Every Choice Protect360 plan includes personal accident insurance, which provides financial support in the event of accidental death or permanent disablement, with payouts of up to $500,000. Beyond this, you can customise your plan with these add-ons:
- Home contents insurance: Protects your home’s interiors, including renovations, fixtures, and fittings—ideal for homeowners or renters who want peace of mind.
- Hospital income insurance: Provides daily cash payouts during hospitalisation, helping you focus on recovery without financial
- Annual travel insurance (Asia or Worldwide): Covers unexpected expenses like overseas medical bills and travel mishaps—perfect for frequent travellers.
This broad coverage ensures that first-time insurance buyers can enjoy the benefits of general insurance while staying prepared for life’s uncertainties.
2) Choice Protect360 is Flexible and can be Customised to Your Needs
When buying insurance for the first time, it’s essential to choose a plan that adapts to your unique needs. Choice Protect360 is a flexible insurance plan, designed to fit a variety of lifestyles and preferences.
Its customisability allows you to select only the add-ons that suit your current situation, ensuring you’re not paying for unnecessary coverage. For example:
- Home contents insurance: Ideal for homeowners looking to protect their property, while those who don’t own a home can skip this add-on.
- Frequent travellers can benefit from annual travel insurance, with options for coverage limited to Asia or extended worldwide, depending on where they intend to travel to.
Additionally, you can choose from four tiers—Basic, Silver, Gold, and Platinum—to match your budget and desired coverage level:
- Someone on a tighter budget can start with the Basic plan, enjoying essential protection at an affordable premium.
- Higher-income individuals or those seeking greater coverage can opt for Platinum, which provides maximum benefits.
This flexibility ensures that Choice Protect360 not only meets your current needs but also adapts as your circumstances change. Its tailored approach makes it the best insurance for beginners, offering comprehensive protection without unnecessary costs.
3) Choice Protect360 Makes it Easy to Manage Multiple Types of Insurance Protection
First-time insurance buyers can find researching, purchasing and managing multiple insurance plans daunting and stressful.
Choice Protect360 enables you to combine up to four different types of insurance protection in a single plan, which makes managing your premium payments and keeping your protection up to date so much easier.
If you were to purchase separate plans for personal accident, home contents, hospital income and annual travel insurance, you would have to manage four plans and pay premiums at least four times a year. Conversely, you only have to pay your Choice Protect360 premiums once a year.
4) Choice Protect360 Protects Your Family Too
When buying insurance for the first time, your family’s protection is often a top priority. Choice Protect360 goes beyond personal coverage to include a family plan designed to keep your loved ones safe.
With spouse coverage, your partner enjoys the same comprehensive protection you do, while your children automatically receive personal accident insurance benefits at no additional cost.
This flexible insurance plan not only provides peace of mind but also helps you save. By opting for the family plan, you’ll enjoy a 10% discount on personal accident premiums, making it an affordable way to protect everyone you care about.
5) Choice Protect360 Premiums are Affordable
For those buying insurance for the first time, balancing protection and budget is essential. HL Assurance ensures that Choice Protect360 remains cost-effective with tiered discounts that increase the more add-ons you purchase.
Here’s how it works:
- Add one type of coverage to receive a 5% discount.
- Add two types for a 10% discount.
- Add three types for a 15% discount.
Additionally, when you choose the family plan with spouse coverage, you’ll receive a 10% discount on your personal accident premiums.
Another benefit is the no-claim discount, which rewards policyholders for staying claim-free all year:
- 5% off in your second year.
- 10% off insubsequent yearly
Why Choice Protect360 Is the Best Insurance for First-Time Buyers
HL Assurance’s Choice Protect360 stands out as an ideal choice for first-time insurance buyers, offering the perfect blend of flexibility, affordability, and comprehensive coverage.
With this all-in-one insurance plan, you can combine , home contents, hospital income, and annual travel insurance into a single, easy-to-manage solution. In the event of an accident, Choice Protect360 simplifies the process, ensuring you understand while providing protection against unexpected expenses.
Whether you’re looking for the best insurance for beginners or simply want to experience the benefits of general insurance firsthand, Choice Protect360 has you covered. For a limited time, sign up for Choice Protect360 and receive a $30 Shopee voucher—your first step toward protecting yourself and your loved ones.
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