Archive

Patrick Lim

launch of zurich life insurance singapore

May 2, 2012 by Patrick Lim
today, david choo, the md of promiseland independent pte ltd and myself attended the grand launch of zurich life insurance singapore at the marina mandarin hotel. we have heard that zurich international life has applied for a full licence many months ago and today, the subsidiary of zurich insurance group, which is zurich life insurance [...]

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government revises healthcare subsidies for PRs

April 12, 2012 by Patrick Lim
the ministry of health has announced that the healthcare subsidies for prs will be revised downwards for in-patient services (class B2 and class C wards), day surgery and specialist outpatient clinics in government restructured hospitals as well as intermediate and long term care services. for the intermediate and long term care sector, the adjustments will [...]
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aviva – pre-launch of my retirement

April 2, 2012 by Patrick Lim
officially, aviva has scheduled the launch of their latest product, my retirement on april 04, 2012. what is aviva my retirement? this is a limited and regular premium participating endowment product with coverage for death and terminal illness and comes with the following features: a. limited premium payment of 8 policy years or premium payment [...]
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hsbc insurance – launch of early critical care

March 15, 2012 by Patrick Lim
hsbc insurance has just launched what i term as a second generation critical illness product, early critical care which is one of the most comprehensive protection plans currently available. benefits at a glance: Covers 90 conditions Enjoy comprehensive coverage against a wide range of illnesses. Provides 100% payout even for early stage critical illness Early [...]

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ntuc-income: launch of capital plus (CPN29)

March 13, 2012 by Patrick Lim
just received this email notification from ntuc-income: Dear Valued Business Partners, We are pleased to announce the launch of our limited-tranche non-participating 2-years single premium non-participating plan, Capital Plus (CPN29). *_Brief outline of the plan:_* Ø2-years single premium non-participating plan ØGuaranteed interest of 1.40%p.a. ØProvides TPD before age 65 years old (last birthday) and Death [...]

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smoking ban to cover more places

March 6, 2012 by Patrick Lim
those who smoke will soon have fewer places to do so because the smoking ban will be extended to cover more areas like common corriders, void decks and staircases of residential buildings. other non-smoking areas to be covered include sheltered walkways, overhead bridges and outdoor hospital compounds. the new non-smoking zones will kick in the [...]
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cpf life plans refined from 4 to 2

March 5, 2012 by Patrick Lim
an announcement was made by Deputy Prime Minister and Manpower Minister, Tharman Shanmugaratnam during the Committee of Supply debates on the Manpower Ministry’s estimates in Parliament on Monday on another tweaking to the cpf life scheme introduced in 2009. when the cpf life scheme was launched, there were 4 plans available, namely: 1. life plus [...]
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excuse me, are u a senior citizen?

March 4, 2012 by Patrick Lim
today being our weekly family day is the perfect excuse to pig-out and spend quality time with my family which consists of my significant other and our only son. we opted to go to one of our favourite restaurants, momiji japanese buffet restaurant at city square mall which is just a stone’s throw (a herculean [...]
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insurer launches plan for low income

March 3, 2012 by Patrick Lim
ntuc-income’s head honcho, mr tan suee chieh can rightly say, we did it again but it’s definitely not to the tune of britney spear’s; oops, we did it again. what’s happening at ntuc-income? our island’s only co-operative insurer has launched their ntuc-income value pack last night at the sands expo and convention centre. what is [...]

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the customer is always right?

February 28, 2012 by Patrick Lim
just last week, an existing client called me (late at night) to inquire whether a claim can be submittted for a very minor injury sustained to one of the limbs in the course of work. my client took up 2 policies from me, an integrated shield plan and a term plan with critical illness coverage. [...]

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what is testing?

February 27, 2012 by Patrick Lim
by now, i believe many of my newer blog readers must be wondering what is ‘testing’ in my daily blog entry? this is my way of reserving the daily slot for my blog in case i can fill in the entry a day or days later. and recently, some of my more regular blog readers [...]

in Categories: Site Update

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ntuc-income – launch of new i-Term TAN4

February 15, 2012 by Patrick Lim
here’s some exciting news for consumers. ntuc-income has launched the new i-term TAN4 which is the re-priced version of the previous i-Term TAN2. what is i-Term TAN4? this is a non-participating regular premium plain vanilla term plan with coverage for death/total & permanent disability and terminal illness. some details on the product: entry age is [...]

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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 [...]

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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 [...]
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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 [...]
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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 [...]
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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 [...]

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