PR application 2023 - question - Singapore forum

kjaichand1 · 2023-07-26T17:33:58+02:00

Explore the necessity of having an insurance policy for your PR application in Singapore. Get insights and tips from fellow applicants.

PR application 2023 - question

kjaichand1 Member

Member since 16 July 2023

kjaichand1Member26 July 2023 15:33:58

Hi Guys

I am planning to apply for PR. I was suggested by one of my friends to have a insurance policy in Singapore. This helps govt. to understand that the candidate has backup insurance when needed. My question is it really required to have an Insurance policy for the purpose of PR. Does this add value to the PR application ?

Any suggestions and views are appreciated.

Regards

Jay K

Suhail Mh New member

Member since 08 June 2023

Suhail MhNew member26 July 2023 15:55:23

Typically, having an insurance policy in Singapore may not be a formal or mandatory requirement for obtaining Permanent Residency (PR). PR applications are usually assessed based on various factors, including but not limited to:

Employment history and stability

Educational qualifications

Income level

Contributions to the local community

Length of stay in the country

Family ties to Singaporean citizens or permanent residents

Skills and expertise that align with Singapore's economic needs

While having insurance might not be a strict requirement, it could potentially demonstrate financial responsibility and stability, which might indirectly add some value to your PR application. However, the primary focus of the application will be on the factors mentioned above.