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Insurance

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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Singapore Civil Servants, Have You Get Your Medical Insurance?

February 27, 2012 by Helmi Hakim
These few weeks, I am very busy, with the army camp talk, promoting medical insurance to the army soldiers. This is in view of the special partnership arranged between the insurance cooperative, I am working with and Singapore Armed Forces. There are basically 2 broad categories of schemes for the civil servants. Non MSO and [...]

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Revision of NTUC iTerm

February 23, 2012 by Martin Lee
NTUC has reduced the premium rates of their regular term plan, i-Term. This comes a couple of months after Aviva reduced the premiums for their term plans. Applicants who apply for sum assured of up to $750,000 for i-Term will be able to enjoy better rates (Applicants for higher sum assured are already enjoying better [...]

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NTUC Incomeshield Promotion

February 21, 2012 by Martin Lee
NTUC is currently having a promotion for all new application of their incomeshield plans. Customers who are already under an existing incomeshield plan will not be eligible for this promotion. The promotion entitles a person to a 10% discount for premiums of the first year for both the main plan and any riders. The offer [...]

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AIA Healthshield Gold Max opens to Foreigners

February 20, 2012 by Ivan Guan
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 [...]

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Prudential Asset Management Renamed as Eastspring InvestmentsAs

February 16, 2012 by Martin Lee
As part of a rebranding exercise, Prudential Asset Management will become known as Eastspring Investments. The change takes place with effect from 14th February 2012 and will provide for a unified brand. The new brand name will replace the different business names currently in use in Singapore, Hong Kong, Malaysia, Taiwan, Japan, Korea, the United Arab [...]

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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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My Decision On My Dad’s Whole Life Insurance And Policy Loan

February 12, 2012 by Derek Lim
A brief history on my Dad’s Whole Life (WL) policy with GE:- He bought a Whole Life with CRB from GE with a coverage of S$50K in January 1987. Current premium is $315.05 per quarter or S$105.02 a month. I believe his premium used to be slightly higher because of a “Comprehensive ACC ben rider [...]

in Categories: Insurance, Personal Finance

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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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