Premium budgeting guide
How to review insurance premiums against take-home income
Normalise different payment frequencies first, then keep confirmed protection premiums, unresolved bundled amounts, cash and MediSave funding separate.Open premium budget calculator →What the 15% figure means
The MoneySense Basic Financial Planning Guide presents up to 15% of take-home pay for insurance protection as a general planning reference. Take-home pay means income after CPF deductions. It is not a legal limit, a policy-suitability assessment or a signal to cancel cover.
Why bundled premiums stay separate
Whole-life, investment-linked or savings products may combine protection and non-protection components. If the protection portion cannot be confirmed from your records, the calculator keeps the full payment in cash-flow totals but excludes it from the 15% comparison. It never estimates a split.
The calculator’s normalisation
annual premium = payment amount × payments per yearconfirmed protection share = confirmed annual protection premium ÷ annual take-home incometake-home after cash premiums = take-home income − all cash-funded premiumsMotor-insurance NCD scenarios
Motor-insurance claim impact needs separate treatment of the NCD-eligible base, non-NCD charges, excess and coverage terms. Use the single canonical car-cost tool; it does not determine fault or recommend whether to claim.
Open the Motor Insurance NCD Claim-Impact CalculatorWhat the tool will not do
- Quote or predict any insurer premium
- Split a bundled product that you cannot confirm
- Compare insurers, products or policies
- Recommend buying, switching or cancelling cover