Archive

Patrick Lim

travel insurance to avoid

January 29, 2012 by Patrick Lim
ms teo siew hoon’s letter; captioned: travel insurance to avoid was published in the st forum online on saturday. in her letter, ms teo recounted her claim’s experience with general insurer, chartis on her damaged luggage which took almost 4 weeks (add another 2 weeks after her claim submission) for her to be informed to [...]

in Categories: Investing

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whole-of-life alternative to universal life

January 28, 2012 by Patrick Lim
an article with the abovementioned title by ms genevieve cua in the weekend edition of the business times caught my eye. in her article, ms cua touched on some basics of whole life and universal life products. she also said that the appeal of universal life lies partly in the flexible premium financiing and rightly [...]

in Categories: Insurance

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cashing in on the lunar new year?

January 26, 2012 by Patrick Lim
during the first 2 days of the lunar new year, many consumers (including myself and my family) would have discovered that stalls levied a ‘premium’ for food and drinks purchased during this festive period. just to cite an example, hot drinks like coffee and tea has been hiked to $0.90 to $1.20 instead of the [...]

in Categories: Market Review and Trends

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the dragon year, in more ways than one

January 25, 2012 by Patrick Lim
i read the abovementioned article with great interest by mr toh yong chuan, senior correspondent, published in today’s edition of the straits times. he started off by illustrating that the word, dragon denotes firstly prosperity or something that is grand. he cites the local stock market using the example of the sti which ended the [...]

in Categories: Market Review and Trends

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the world’s first trillionaire?

January 24, 2012 by Patrick Lim
my first blog to kick off the lunar new year is on wealth or lots and lots of it in the form of the world’s first trillionaire who is known as mr kamal ashnawi. many people probably would have heard of mr carlos slim helu, the mexican mega tycoon with an estimated worth of US$63.3 [...]

in Categories: Personal Finance

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ntuc-income: repricing of growth plan

January 6, 2012 by Patrick Lim
this is really fresh from the oven because we have just received an urgent email notification from ntuc-income (at approx 6pm): Dear Valued Partners, Over the last few years, interest rates have declined significantly. 12 months fixed deposit rates are now hovering around 0.4% p.a. compared to 0.9% p.a. 5 years ago. Similarly, 5-year Singapore [...]

in Categories: Insurance

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aia singapore pte ltd

January 4, 2012 by Patrick Lim
with effect from january 01, 2012, aia, in a media release announced that aia in singapore will be known as aia singapore pte ltd with the insurance business in singapore being successfully transferred from a branch to a singapore-incorporated and a wholly-owned subsidiary of american international assurance company, limited. aia singapore also announced its inaugural [...]

in Categories: Insurance

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aia promotion

January 3, 2012 by Patrick Lim
i shall kick-off my very first blog entry for 2012 with some good news from aia. aia is currently having a promotion for 4 of their champion products: a. aia complete critical cover b. aia family first protect c. aia life plus and d. aia secure term plus where there is a special premium discount [...]

in Categories: Insurance

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reflections on 2011

December 31, 2011 by Patrick Lim
as this is the very last day and hours of the old year being 2011, it is perhaps an opportune moment to reflect on the last 364 days that has passed us by. this year has turned out to be a mixed bag of blessings for me in the financial industry where i wear many [...]

in Categories: Personal Development

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Singapore Nov inflation +5.7 pct y/y, exceeds consensus

December 23, 2011 by Patrick Lim
today, the singapore department of statistics released the consumer price index data for november 2011 and it came in at 5.7% year on year, much higher than the consensus forecast of 5.3%. i reckon the higher inflation figure could have been influenced with transportation prices being spiked by the higher certificate of entitlement premiums and [...]

in Categories: Market Review and Trends

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hospital bed crunch looms in next few years (2)

December 21, 2011 by Patrick Lim
in my blog entry, hospital bed crunch looms in next few years on december 08, 2011, i missed mentioning the on-poing construction of a new private hospital which is the farrer park hospital due to be completed in early 2013. this may not be surprising because there has not been extensive and ongoing publicity on [...]

in Categories: Market Review and Trends

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smrt suspends driver after woman’s fall

December 20, 2011 by Patrick Lim
in what is a shocking but rare occurence while travelling on a bus, a woman, madam ding weibo, age 54 years old, fell and hit her head on a seat, after the smrt bus driver braked suddenly, leaving her in a coma. this incident happened on sunday evening, after madam ding and her daughter, ms [...]

in Categories: Insurance

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cpf members to enjoy 12% savings on HPS premiums

December 20, 2011 by Patrick Lim
i bring u good tidings because cpf members on the HPS (home protection scheme) can expect to enjoy significant savings from january 01, 2012. the cpf board said that as at december 20, 2011, approximately 362,500 members will benefit from the lower premiums from the reduction in premiums for the hps. they form 80% of [...]

in Categories: Personal Finance, Property

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agents fear they can’t measure up

December 19, 2011 by Patrick Lim
as part of the new safeguards to protect retail investors, a new test, namely the capital markets and financial advisory services examination module 9a (M9A) for insurance agents marketing life insurance products has been introduced by the monetary authority of singapore. this test applies to those who join the industry from next year but existing [...]

in Categories: Business

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news release by the cpf board

December 18, 2011 by Patrick Lim
the CPF board has announced that cpf members will continue to enjoy an interest rate of 4% on their Special and Medisave Accounts (SMA) from 1 January 2012 to 31 March 2012. but for their Retirement Account, the 4% interest rate will apply from 1 January 2012 to 31 December 2012. this is in line [...]

in Categories: Personal Finance

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murphy’s law*?

December 17, 2011 by Patrick Lim
i read with a great dose of empathy, an article in today’s edition of tabla (a weekly free tabloid) about a family’s ordeal being struck by stroke and stuck in singapore. mr jaswal and his wife from india arrived in singapore on november 23, 2011 to celebrate their 27th wedding anniversary. but on november 25, [...]

in Categories: Personal Finance

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widening smoking ban?

December 15, 2011 by Patrick Lim
the NEA or national environment agency launched an island wide consultation exercise last month to gather feedback on widening the smoking ban. currently, smoking is banned in the majority of indoor locations in our tiny red dot nation, which includes shopping malls, cinemas, swimming pools, basement carparks, night spots, and bus stops. the nea is [...]

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singapore’s economy may grow 3% in 2012 : mas survey

December 14, 2011 by Patrick Lim
according to the median forecast in the monetary authority of singapore’s december survey of professional forecasters, singapore’s economy is expected to grow by 3% in 2012. the most likely outcome as reflected by the mean probability forecast is for growth of between 3% to 3.9% which is much lower from the september survey range of [...]

in Categories: Market Review and Trends

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