Archive

Insurance

Economical Insurance Market

April 11, 2008 by Adrian Khiat

By: Adrian Khiat There are 4 types of economic markets: (1) Perfect Competition, (2) Monopolistic Competition, (3) Oligopoly and (4) Monopoly 1) Perfect Competition – Exist when all the firms in the market produce identical products. Large number of independent firms. Each seller is small relative to total market and barrier to entry is low. [...]

in Categories: Insurance

NTUC Income Growth Plan

April 7, 2008 by Adrian Khiat

By: Adrian Khiat There are many people in my blog criticizing the Growth Plan from NTUC Income. I had also rejected some of the comments because the language used to scold NTUC Income advisers was unacceptable and uncalled for. What exactly is this Growth Plan about? I like to first proclaim that my blog have [...]

in Categories: Insurance

Insurance Distribution Channels

April 6, 2008 by Adrian Khiat

By: Adrian Khiat Insurance and Investment products are distributed mainly by 3 channels: 1) Tied Agencies – Consultants that solely represent one insurance company. They are managed internally and tied to the company. 2) Bancassurance – It is the sales of Insurance Products via a bank by advisors on a salaried basis. Insurance Companies are [...]

in Categories: Insurance

Why Medical Insurance Premium Go Up only?

April 3, 2008 by Adrian Khiat

By: Adrian Khiat It is of no surprise to me that the premium of medical insurance kept going up over the years. We are aware that Medical Inflation hit something like 6.8% over the past 1 year.I had 3 experiences recently that make me feel that people abuse their insurances especially for those holding the [...]

in Categories: Insurance

How much Critical Illnesses Cover?

March 29, 2008 by Adrian Khiat

By: Adrian Khiat I asked this question to many financial practitioners since I joined the industry 5 years ago. Most of them gave me different figures, like 10 times your annual income, as much as you can afford, or even a fixed amount like $200k, $300k seemingly plucked from the sky. I also couldn’t find [...]

in Categories: Insurance

Buy Term Invest The Rest (BTITR)

March 13, 2008 by Patrick Lim

By: Patrick Lim Today, I had the onerous but urgent task of helping one of my clients to raise instant $$$ to fix very pressing needs. One of these is to pay his monthly mortgage loan. You see, he is in his early 50s and has been out of work for more than a year. [...]

in Categories: Insurance

Critical Illness – how to insure

March 12, 2008 by Tan Kin Lian

By: Tan Kin Lian Critical illness insurance for whole life is expensive. A male at 30 has to pay a monthly premium of about $630 to buy whole life critical illness cover for $300,000 (about 5 year’s salary). If this person buys a 25 year decreasing critical illness cover, he pays a premium of about [...]

in Categories: Insurance

Seminar on Eldershield

March 12, 2008 by Wilfred Ling

By: Wilfred Ling Promiseland is organizing a talk on Eldershield program. This is a national insurance program which everyone who turned age 40 are automatically enrolled unless otherwise opted-out. For those who are turning 40 or is already enrolled are invited to join us to listen to what this national program is all about. Moreover, [...]

in Categories: Insurance

Hospital Delays Likely During Exam Period

March 12, 2008 by Patrick Lim

This article was published on Friday 7 March edition of the Straits Times: Salma Khalik Health Correspondent Expect some delays at hospitals later this month, while senior doctors put 230 future doctors through their exams. These final-year medical students at the NUS have to be tested in their craft “on the ground”, which means they [...]

in Categories: Insurance

Expertise in claim settlement

February 27, 2008 by Tan Kin Lian

By: Tan Kin Lian Insurance performs two important functions: a) Pay for cost of claims b) Handle the settlement of the claims The insurance company should have expertise on the following: a) The best source for treating a sickness b) Quality and cost effectiveness in handling a repair c) Determining the party who is liable [...]

in Categories: Insurance

A tale of 2 annuities

February 27, 2008 by Patrick Lim

Read about Patrick’s comments on a recently published article in the Straits Times on Prudential irregular payment for the annuity plan. By: Patrick Lim A tale of 2 annuities – Part 1 Problem of annuity paid on irregular dates I refer to the CPF life annuity, a new scheme that provides a lifelong income for [...]

in Categories: Insurance

Vivolife – Market Comparison

January 24, 2008 by Patrick Lim

Vivolife is a recently launched limited premium WL policy by NTUC. Patrick’s comments has been pretty positive. Here’s his take on it. By: Patrick Lim As promised, I have finally completed a market comparison of Vivolife versus the competition, meaning all 10/15/20/25 years limited premium whole life products priced with reviewable and non-guaranteed premiums. obviously, [...]

in Categories: Insurance

The Oprah Show

January 16, 2008 by Patrick Lim

By: Patrick Lim Just caught the Oprah show – “Sick in America, it can happen to u” on the hallmark channel which was telecast from 10 to 11 pm. One of the guests for tonight’s episode is a celebrity film-maker, Mr Michael Moore, who gain fame for his documentary, Fahrenheit 9/11. Tonight’s show highlights his [...]

in Categories: Insurance

Means Testing

January 16, 2008 by Tan Kin Lian

By: Tan Kin Lian Mr. Tan, What are your views about means-testing? REPLY It is a lot of work, all lot of uncertainty, for quite negligble savings. The Minister for Health said that the subsidy will be reduced from 80% to 65%. The savings to the government is only 15%. Most people who uses the [...]

in Categories: Insurance

Charges under a investment linked policy

January 10, 2008 by Tan Kin Lian

By: Tan Kin Lian Dear Mr. Tan, I am confused about the many charges under an investment-linked policy. The insurance agent does not explain them clearly to me. I am now stuck with these high charges. Can I get out of them? REPLY It is better to buy a low cost Term insurance, to provide [...]

in Categories: Insurance

Medisave, Medishield… Medi-crisis?

January 5, 2008 by Patrick Lim

By: Patrick Lim This article appeared in today’s front page of today: http://www.todayonline.com/pdf_open.asp?id=0501FPW001 By: Stanley Jeremiah The writer is a lawyer and chartered insurer who is immediate past president and council member of the Singapore Insurance Institute. Patrick’s Comments: I agree with the crux of the issues raised. one of the critical points highlighted is [...]

in Categories: Insurance

My New Year Wishes For The Insurance Industry

January 1, 2008 by Patrick Lim

By: Patrick Lim Besides the usual resolutions made at this time of the passage of the old year, I have several wishes that I sincerely hope all insurance companies will give due and worthy consideration for implementation in the new year: A. Standardisation of all application forms B. Have a central pool of underwriters to [...]

in Categories: Insurance

TPD payout structure of earlier generation policies

December 30, 2007 by Patrick Lim

Patrick’s comments on the recent TPD ruling. By: Patrick Lim High Court draws distinction with policy-holders who are totally, permanently disabled By K.C. Vijayan (vijayan@sph.com.sg) TPD or not TPD – that was the question before a High Court judge. TPD is ‘Total and Permanent Disability’, and a standard clause in life insurance policies here. But [...]

in Categories: Insurance

Page 25 of 26

...

25

Most Popular in April 2012

Genting Singapore Issues 5.125% Perpetual Bonds to Retail Investors: Should you go for it?

Genting Perpetual Bonds Now Available to Retail Investors

Genting Bonds for Retail Investors

Genting Singapore PLC issues S$500mn PERPETUAL SUBORDINATED CAPITAL SECURITIES with a coupon of 5.125% rising to 6.125% after ten years if its not redeemed…..

Global Premium Hotels IPO

Recent Comments

Subscribe here to have the latest feeds delivered to your email daily.

tumblr visit counter