Announcement: MoneyOwl rolls out a series of new initiatives to help Singaporeans manage their finances better in these trying times

Announcement: MoneyOwl rolls out a series of new initiatives to help Singaporeans manage their finances better in these trying times

As an NTUC Social Enterprise, MoneyOwl has inherited a legacy of doing social good and caring for the community. We care about helping ordinary Singaporeans manage their money well so that they can reach their life goals. In light of Covid-19 and the recession, our social mission is even more important now. MoneyOwl has thus […]

Principle #2 – Insurance is for Protection

Principle #2 – Insurance is for Protection

If you were asked to key in your life insurance premiums into a budget worksheet, how would you classify it – as an expense, saving or investment? If your insurance plan has a cash value, you might treat it as savings. If your insurance plan buys units in a unit trust, you might treat it […]

Insurance Principle #1: Insurance is an Expense

Insurance Principle #1: Insurance is an Expense

For most of us, buying insurance isn’t exactly a conversation starter and for some, it could conjure up negative feelings, depending on how you think about insurance. Nevertheless, it is an important topic as it sets the foundation of our financial plans and approaching insurance wrongly could set us up for future financial difficulties. Hence, […]

Investment Principle #8 Don’t Try to Predict Markets

Investment Principle #8 Don’t Try to Predict Markets

Some people think that investing is like gambling or buying lottery – to win you need to guess correctly and bet on the winning number(s). Some go the extra mile of compiling the past winning numbers so as to predict what the next set of winning numbers will be. Depending on your investment approach, this […]

Changes in CI Definitions & MINDEF-MHA Group vs Individual Insurance: What you need to know

Changes in CI Definitions & MINDEF-MHA Group vs Individual Insurance: What you need to know

If you have not heard, all insurers would have to adopt the new 2019 Critical Illness (CI) definitions set out by the Life Insurance Association Singapore (LIA) from 26 August 2020. The new 2019 definitions are more specific and have added exclusions. For Major Cancers, it requires more evidence and it excludes more minor cancers. […]