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Insurance

Getting Medical Insurance Early

January 31, 2012 by Martin Lee
There was an article in The Sunday Times over the weekend which talked about the important of getting medical insurance early while you are still young and healthy. This is because if you wait until you have a medical condition before getting insurance, that condition will not be covered. Or even worse, your entire application [...]

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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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Myths and Truths of the Life Insurance Industry

January 25, 2012 by Gary Tay
Life insurance is something very close to my heart.  It was one of the first financial products I marketed since I joined a local bank as a financial consultant 5 years ago. Toda, I am a firm advocate of proper insurance planning and am glad that my career decision has allowed me to gain tremendous [...]

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Closure of NTUC Growth Plan

January 11, 2012 by Martin Lee
The Growth Plan from NTUC is one of the more popular single premium endowment plans in the market for a duration of five years or more. While the returns are nowhere near what you can get from an equity investment, it does give a conservative and steady returns of 2-4%+ p.a. The interest rates in [...]

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CPF members enjoy average 12% savings on Home Protection Scheme (HPS)

January 10, 2012 by Ivan Guan
With effect from 1 January 2012, about 362,500 CPF members who are paying annual Home Protection Scheme (HPS) premiums will enjoy average savings of 12% on their premiums. This constitutes 80% of members who are currently paying annual premiums for their HPS, while the rest will continue to enjoy the low premium rates they are [...]

in Categories: Insurance, Property

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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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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 [...]

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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 [...]

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How to calculate bonuses for participating life policies

December 31, 2011 by Wilfred Ling
Someone asked me how to calculate bonuses for participating life policies. I asked the individual to provide me with the latest benefit illustration. The policy was already in-force for some time already. I will use this policy as an example on how to calculate bonuses. Unfortunately, there was insufficient information to calculate bonuses for surrender [...]

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Keeping a share trading journal

December 29, 2011 by Guest Writer
Since the advent of online share trading, people have been able to trade more independently. When previously every trade you made would be actioned by a broker, who would then keep records, now traders can buy and sell through online platforms. And, although some of these platforms may record your trades, your profits and losses [...]

in Categories: Active Trading, Insurance

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Top 10 Common Myths of Singapore Healthcare

December 27, 2011 by Martin Lee
As part of MOH’s efforts to help the public understand our health care system, they have published a brochure called the 10 top common myths of Singapore Health Care”. The brochure is available in four languages. I would just like to add a few of my personal opinion to the myths which should be read [...]

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S73 insurance policies in dispute

December 23, 2011 by Wilfred Ling
The case “Lim Lina v Estate of Quick Cheng Gee, deceased” dated 19 Dec 2011 shows that insurance nominations made under Section 73(1) of the Conveyancing and Law of Property Act does not form part of the life assured’s estate. To me it is a straight forward case but nevertheless it was still disputed. The [...]

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PPF Clause in Insurance Forms

December 21, 2011 by Martin Lee
Many insurers have started to include the Policy Owners Protection Scheme (PPF) clause into the product summary and contract wording of their insurance policies. Policy Owners’ Protection Scheme This Policy is protected under the Policy Owners’ Protection Scheme, and is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for Your Policy is automatic and [...]

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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 [...]

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hospital bed crunch looms in next few years

December 8, 2011 by Patrick Lim
ms salma khalik, the health correspondent of the straits times warns of “hospital bed crunch looms in next few years”. the recent news that our government has pushed the opening of sengkang general hospital, 2 years ahead of schedule in 2018 may be testament to the fact that our nation faces a shortage of hospital [...]

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Launch of TM Legacy VIP

December 6, 2011 by Martin Lee
Tokio Marine Life Insurance Singapore has launched their latest product, TM Legacy VIP, on 1st December 2011. The difference between TM Legacy VIP and their traditional whole life plan, TM Legacy, is that TM Legacy VIP is designed to be a single premium whole life policy with high death benefit limits (S$3,000,000 for age 1-18, [...]

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Insurance, Leverage, and Peace of mind.

December 4, 2011 by Createwealth8888
Read more? Past postings on Insurance Insurance Why are we paying premiums for insurance? It is the fear that drives us to seek protection. It is paying money for protection. We fear and seek protection against specific unexpected high financial losses coming from some unforeseen life events by paying premiums to insurance companies for them [...]

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buying travel insurance didn’t offer peace of mind

December 4, 2011 by Patrick Lim
today, there was a letter by ms yeow soo yong published in the straits times who lamented on her not so positive experience of buying chartis travel insurance, not once but twice. the first time in may, chartis erred in the coverage which should have been international, rather than asia as she was travelling to [...]

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