Insurance
insurers: nuclear risks not covered
By Patrick Lim  •  March 16, 2011
today, there is a statement issued by the general insurance association of singapore: GIA MEDIA STATEMENT ON TRAVEL INSURANCE Singapore, March 15, 2011 Release: Immediate The General Insurance Association of Singapore (GIA) notes that there have been instances of consumers purchasing travel insurance to locations where natural disasters such as earthquakes and tsunamis have occurred. In view of this, the Association wishes to advise members of the public to fully understand their travel policy's terms and conditions, including the scope of the cover and the list of exclusions where applicable. More than 25 insurers offer travel insurance products in Singapore, making it highly affordable and accessible, with varying benefits being available from one insurer to another. As a result of the recent earthquake and tsunami in Japan, consumers deciding on a travel policy should check carefully if it covers losses, bodily injury, flight delays as well as trip cancellation, flight ......
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By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
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