Articles
Insurance Articles
Singapore’s Term Life Insurance Comparison Table (May 2020)
It is difficult to compare insurance policies between different companies. To provide greater transparency, we compiled this comparison table so that consumers can compare term life insurance policies across insurers in Singapore and make informed decisions when...
Singapore’s Term Life Plus Critical Illness Comparison Table (May 2020)
In this comparison table, we compare all Term Life with Critical illness insurance plans in Singapore. While a hospitalisation plan helps to cover the costs of a hospital stay, a critical illness plan provides for post-hospitalisation treatment costs and alternative...
What Will Happen To My Insurance Policies If My Insurer Goes Bankrupt?
Regulated by the Monetary Authority of Singapore (MAS), all life insurers operating in Singapore have stringent capital requirements to comply and adhere to. It requires them to have financial resources at least equal or more than the total of their underwriting and...
How Can I COVID-Proof My Financial Plans?
With the circuit breaker measures extended till 1 June, checking for daily updates on a number of COVID-19 cases has become a norm for many of us working from home. If you are waiting for the daily updates and are scanning your device for something, here’s something...
Are you ready for the year-end shopping spree? A Financial Checklist!
As the year comes to a close, we are bombarded by 11.11, 12.12, Black Friday and Cyber Monday deals. We see them all over the Internet, via mobile notifications or even decals splashed across the MRT stations, there is no running away that the advertisers are out for...
Does my child need insurance?
Every parent knows the importance of childhood vaccination. We took BCG and MMR according to the immunisation schedule without questioning what the vaccines are for. Unlike vaccination, the topic of child insurance has often been deprioritised and whenever it is...
Funding Your Child’s Education
Introduction In this article, we will focus on the cost of tertiary education in Singapore and the available financial instrument to help save for your child’s tertiary education. There are generally 2 ways that this cost can be funded, either parent-sponsored or...
The Most Overlooked Insurance
When it comes to insurance, most people are familiar with the standard benefits like death, critical illnesses (e.g. cancer, heart attack) and hospitalisation. Yes, these are indeed important life risks that we ought to insure against. The financial impact can be...
Term Insurance: The Sensible Way to Insure Yourself
About a month ago, I gave a talk at the Seedly Personal Finance Festival entitled “Insurance – Cutting Out the Fluff” to an audience of almost 1200 young people. In the talk, I shared about how most of our needs can be solved by using low cost term insurances and...
