I already have a life insurance policy, as well as medical insurance and critical illness policy. However, I'm not sure if I am over- or under-insured. How can I work that out?

Unfortunately, this is not a straightforward issue with a single answer. The type and amount of coverage or policies you take will largely depend on your medical history, income , expenses, retirement age, lifestyle cost and other variables. It is advisable that you meet with a competent financial planner to help to assess if you are paying too high a premium for too low a coverage

Marion Chin, Vice President and a Licensed Financial Adviser Representative with ipac financial planning Singapore private limited, which is licensed with the MAS, Financial Adviser's Licence No FA100003-2