Category Archives for Insurance
MAS Withdraws Exemption of Three Insurance Brokers
Under the Financial Advisors Act (FAA), registered insurance brokers who conduct direct insurance broking business relating to general insurance under the Insurance Act are exempted from the requirement to hold a financial adviser’s licence when they provide financial advisory services. Yesterday, MAS announced that they have withdrawn this exemption for three insurance brokers, namely: Acclaim Insurance […]
NTUC Capital Plus Extension
The NTUC Capital Plus promotion has been extended. The new closing date is now 30th December 2008, 12 noon. To recap, the NTUC Capital Plus is a single premium endowment plan giving a fixed return of 2% p.a. with a minimum investment of $10,000. The term of the plan is 2 years and is available […]
Capital Plus Updates
Following last Friday’s launch of NTUC Capital Plus, they have received many requests for Capital Plus to be made available to non-policyholders as well as for amounts lower than $30,000. Based on the feedback, NTUC have decided to make the policy available for everyone including non-policyholders. The minimum amount needed to invest in the product […]
NTUC Income Capital Plus Promotion
This post is for the 2008 tranche of Capital Plus. For the June 2018 tranche, you can refer to this post: NTUC Capital Plus June 2018 NTUC Income yesterday announced the launch of their Capital Plus Promotion. Anyone currently holding a NTUC Income policy is eligible for this promotion. This product is suitable for policyholders […]
Returns on Endowment Plan
Question from a reader: Dear Martin, I am enquiring on behalf of my father who has been approached by an insurance agent in signing up an Endowment Plan. The amount is $50,000 is single premium for 5 years term. The insured amount is $62,500. The part that I am uncertain is on the Projected at […]