5 Money Tips Fresh Graduates In Singapore Need To Know

5 Money Tips Fresh Graduates In Singapore Need To Know

Congratulations on your graduation! You have completed almost 2 decades of formal schooling. I savoured the time when I graduated, I was on my own to forge my path ahead. Receiving my first full-time pay was exciting but the excitement faded as quickly as it came. Financial responsibilities of planning for my wedding, a home […]

Compare & Save on Life Insurance and Key Differences of Direct Purchase Insurance (DPI)

Compare & Save on Life Insurance and Key Differences of Direct Purchase Insurance (DPI)

Under the Financial Advisory Industry Review (FAIR) by the Monetary Authority of Singapore (MAS), the MAS has launched initiatives to create a more competitive market for insurance products and empower consumers to make informed decisions through better access to information. The launch of web aggregators allows consumers to compare the premiums and features of life […]

Answers To Singaporeans’ Top 5 Questions On Insurance

Answers To Singaporeans’ Top 5 Questions On Insurance

I feel a large sense of injustice when I hear my peers paying large sums of money for their insurance plans and yet, they do not have the essential insurance coverage they need. It could be disastrous for them if they meet a crisis. Have you been introduced to insurance by a family member, a […]

Understanding Retirement Income

Understanding Retirement Income

Retirees need a reliable stream of income to fund their living expenses. This income stream can come from several sources such as CPF LIFE, annuities, rental income and dividends. They could also fund their retirement lifestyle by drawing down from bank deposits and investments. In recent years, insurance companies have been rolling out many types of […]

Are You Overpaying for your Life Insurance?

Are You Overpaying for your Life Insurance?

It strikes me hard that for majority people of the people whom I know, they are paying a significant amount from their hard-earned income for their insurance but yet, are still severely underinsured. Amount of Premiums We Pay =/= Enough Insurance Coverage for Ourselves We consider the following example of a Male, Non-Smoker Policy coverage till […]

Understanding MediShield Life & What Should You Do (Part 3: Integrated Shield Plans – Uncovered Problems And Proposed Solutions)

Understanding MediShield Life & What Should You Do (Part 3: Integrated Shield Plans – Uncovered Problems And Proposed Solutions)

While MediShield Life will be offering better benefits than its predecessor, MediShield, it is nonetheless meant for hospitalisation in B2/C wards. People who want higher class wards in B1/A or even at private hospitals would have to purchase Integrated Shield Plans (IPs) from private insurers, namely, AIA, AXA, Aviva, Great Eastern, NTUC Income and Prudential. This article is a […]

Understanding MediShield Life & What Should You Do (Part 2: Is MediShield Life Affordable?)

Understanding MediShield Life & What Should You Do (Part 2: Is MediShield Life Affordable?)

With better insurance benefits and universal coverage that includes all regardless of one’s health condition, the new MediShield Life premiums will naturally cost more. The burning question is how affordable it is going to be and who will be most affected? This article is a continuation from Part 1: MediShield Life In A Nutshell. To begin, […]

Understanding MediShield Life & What Should You Do (Part 1: MediShield Life in a Nutshell)

Understanding MediShield Life & What Should You Do (Part 1: MediShield Life in a Nutshell)

MediShield Life is a significant upgrade of the current MediShield to help address the basic healthcare needs of Singapore. Beginning in end 2015, all Singapore citizens and permanent residents will be included in the new compulsory scheme, regardless of age and health. In addition, all pre-existing conditions will be covered. Compare Eligibility Source: Ministry of Health […]