Category Archives for Insurance
HSBC Guaranteed Saver Plus Premium Discount
HSBC is currently having a promotion on their existing Guaranteed Saver Plus plan which is a fixed 5 year term single premium non-participating endowment plan. With the premium discount campaign, the annualised yield could go up to as high as 2.75%. The yield is guaranteed and not a projection. The discount for various investment amounts […]
Incomeshield Upgrade With No Underwriting
Recently, NTUC has been inviting selected Incomeshield policyholders to upgrade their plans from the basic Incomeshield to the Enhanced Incomeshield (lateral switch) without any underwriting. To be eligible for the upgrade with no underwriting, insureds need to meet these criteria, Age below 30 years old on Next Birthday and with no past health insurance claim […]
NTUC Offers Free Upgrade of Medical Insurance for Children
Free Child Upgrade Campaign: 11 May 2009 – 30 September 2009 From 11 May 2009 (Monday) last week, Incomeshield launched a new campaign: Free Upgrade for Children. NTUC income will offer all children in Singapore a one-year free upgrade from MediShield to their Standard Incomeshield Plan B. This offer is available to all Singapore citizens and […]
Changes in Legislation on Insurable Interest for Child
Amendments to Section 57 of the Insurance Act (Chapter 142) – Insurable Interest Required for Life Insurances Previously, a life policy to insure a child/ward for a third party policy can be done as long as the child below 21 years of age. The change in the Insurance Act lowers the age cap to 18. […]
Means Testing to Start for Hospital Patients
Starting from 1st January 2009, patients staying in B2 and C class wards in public hospitals will have to undergo means testing to determine the amount of subsidy they will get. This new rule will affect people (in the form of higher bills) earning more than $3200/month (or unemployed but staying in private property) and […]