Author: Singapore Money Matters

HSBC launches new product – Early Critical Care

Early critical illness insurance competition has just geared up. After AIA Complete Critical Cover, NTUC VivoCare and AXA’s Early-Payout LivingEnhancer, HSBC is the latest entrant for early critical illness coverage. Key features of Early Critical Care are Coverage of 28 Early, 27 Intermediate and 30 Critical Stage Medical Conditions – making early treatments possible Additional coverage on 4 Special Critical Illnesses – not commonly offered in the market such as dengue haemorrhagic fever Total of 90 covered illness (including Angioplasty and Other Invasive Treatment for Coronary Artery) – the most* in the market (* Comparing with 4 key insurers...

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NTUC Capital Plus (CPN29) – Guaranteed 1.4% Interest for 2 Years

NTUC has again launched popular limited-tranche 2-years single premium non-participating plan, Capital Plus (CPN29). Brief outline of the plan: 2-years single premium non-participating plan Guaranteed interest of 1.40%p.a. Provides TPD before age 65 years old (last birthday) and Death coverage Entry age of 16 to 80 years old (last birthday) Minimum single premium of $10,000 up to a maximum of S$1,000,000 Simplified underwriting Sum Assured = 105% of Single Premium Sum Assured = 100% of Single Premium (if claim occurs within the 1st policy year) As this is a limited tranche product, applications to the plan is on a first-come-first-served...

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HSBC to sell general insurance business to AXA and QBE

HSBC Holdings PLC said Wednesday that it has agreed to sell its general-insurance businesses in Hong Kong, Singapore, Argentina and Mexico to AXA Group and Australia’s QBE Insurance Group Ltd. in separate deals valued at about $914 million in cash. The move is part of HSBC’s efforts to diversify away from noncore businesses, while focusing on its core banking operations. Following the completion of the deals, AXA and QBE will become the exclusive providers of general-insurance products distributed by HSBC and its Hang Seng Bank unit to retail and commercial banking customers in Hong Kong, China, Singapore, India, Indonesia,...

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NTUC Income Value Pack for the Low Income Group

NTUC Income will be launching a Value Pack comprising a low-cost term insurance and Enhanced Incomeshield Plan C specially for the low income group and the uninsured. This initiative is driven by NTUC’s social purpose and seeks to address the protection gap issues of the low-income group, uninsured and underinsured.  This pack is only sold to those who meet the following criteria: Those living in three-room or smaller HDB flats Those whose household incomes are $3500 or below Those who do not have a life insurance policy The term insurance is capped at a maximum sum assured of SGD50,000...

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Can You Make Consistent Income By Selling Weekly Options

Recently, I attended a seminar talking about making income through selling options. my friend has written a blog article summarizing the event. I agree with him that this kind of strategy is never as simple as it appears to be. If you follow my blog, you know that I am often skeptical of the unrealistic simple and easy money making strategies promised by investment courses. One can never make consistent return by attending a 3 day course or buy a money making system. Investment requires hard work! As a retail investor (professional investors are different), you just cannot sell...

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Standard & Poor’s cut Greece’s Credit Ratings to Selective Default

When the market was still cheering for the rally last week, I wrote an article “Take a look at Greek debt problem from a Folli Follie point of view“. I reckoned that “Greece default” is no longer a myth but a fact. Yesterday, according to Bloomberg, Greece had its long-term sovereign credit ratings cut to selective default from CC by Standard & Poor’s Ratings Services, which cited an action by Greece’s government regarding its sovereign debt that began a “distressed debt restructuring.” Interestingly, US market still rallied last night. The market is like a tug of war now, will the...

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Take a look at Greek debt problem from a Folli Follie point of view

In Oct last year, I wrote a blog entry “Greece Default Almost Certain“. Now it is 2012 Feb, Greece “still hasn’t defaulted”, instead, the creditors took 50% haircut in Oct and another further 53.5% cut this month. So on the paper, a $100 Greek debt is worth only around $25 now, but it is NOT default? Anyway, in the previous article, I asked “Who has made money in this crisis?” The answer has become clearer and clearer. The poor Greeks have no right to decide whether they can default this debt or when they can default. Like debacle of MF...

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What can happen if you are at the wrong side of the market

I always advocate that investors should not to pay too much attention to financial news. The main reason is that as a retail investor, your reaction just cannot beat the “big sharks”. This morning, when you may be having your company meeting, having a toilet break or even watching the computer screen, Reuters announced that Europe seals new Greek bailout to avoid default. Take a look at how the EUR/USD market moves below, within a couple of minutes, EUR moved up 70 pips and was up more than 100 pips after a short while. If you were shorting EUR...

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AIA Healthshield Gold Max opens to Foreigners

Hospital bills in Singapore are constantly on the rise. Medisave Approved Integrated Insurance Plan is no longer a luxury but a necessary component of anyone’s financial health. It is very affordable and covers high sum assured. However, if you are a foreigner working or living here, being a student, working expatriate or dependent of a Singaporean or PR, a large medical bill can create an overwhelming financial strain on you. Even if you are willing to purchase a medical insurance, the cost is normally much higher. The good news is that effective from February 15, 2012, AIA HealthShield Gold...

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How to become a millionaire by investing in properties?

Most of the time, investors focus on how to “make quick money”. The idea of “becoming next door millionaire” is all time gimmick and never fails to attract followers. I am not surprised to read from Sunday Times article that people actually paid nearly $3,000 to attend a 2.5 day course, hoping to become a property guru overnight. While I do not know how many of them have succeeded, it certainly made the organizer millionaire! According to the newspaper article “To go or not to go for property investment talks”, it says “300 people paying about $3,000 each”. That...

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Has STI rally surprised you?

I haven’t blogged for a few weeks as I was overseas. When I was back, I felt so hilarious to see the newspaper headlines every day saying “investors were all surprised by the recent market rally”. Back in early January, horrible stories covered newspapers every day. “Professionals” and “Analysts” who used to advocate how cheap the stock valuations were have given it up and started to caution investors. Many investors I met have “cashed out” from the stock market. Any new bond issue like CapitaMalls Asia bond was the hottest cake in town. At that time, I was like...

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How can you outperform Warren Buffett?

If you have not noticed, Warren Buffett has “underperformed” S&P 500 index in 2011. Buffett’s Berkshire Hathaway slipped 4.7% in 2011, while the Standard & Poor’s 500 index ended essentially unchanged. What would you have done to outperform Warren Buffett in 2011? Simple, Hold Cash! This reminds me of an interesting story. Recently, I was doing an investment portfolio review for one of my clients. His portfolio was down 4% in 2011 (wow, it outperformed Warren Buffett!), and he did not seem to be very happy because it was still negative. So I asked him, “what would you have...

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