Category Archives for Insurance
What Should You Do With Your AIA Policies?
Over the last four days, thousands of people have gone down to the AIA office to surrender their policies. With the news so widely publicised, many more have been influenced to surrender their AIA policies. This is a classic case of herd mentality at work. Sometimes, it’s also referred to as the “madness of crowds“. […]
Singaporeans Concerned About AIG Spillover Effects on AIA
Our financial markets are facing a severe test as big name financial institutions experience liqudity problems. Just a couple of days ago, we had Lehman Brothers filing for Chapter 11. The next giant facing difficulties is American International Group Inc (AIG). AIG needs to raise more than $80 billion to keep themselves afloat. According to […]
NTUC Income Capital Plus Closing
Just a note to share that the subscriptions for Capital Plus has crossed $150 million yesterday. However, NTUC-Income will still accept any application recieved by 5pm today. Remember to include a photocopy of your NRIC together with your application forms. As there is an influx of applications for Capital Plus over the past few days, […]
NTUC Income Capital Plus
NTUC Income’s Capital Plus is a single premium 12 months policy with a guaranteed yield of 2%. It is only available to existing NTUC Income’s policy holders and can be purchased with cash or SRS savings. The minimum purchase amount is $10,000. There is also a small death and total and permanent disability (TPD) benefit […]
Enhancing Returns From Your Endowment Plan
Today, I will be sharing a case study of how I restructured my own endowment plan recently. You might want to do a similar review of your own plan and see how you can improve it. My case study is based on a 20-year endowment plan (sum assured $20k) that I bought many years ago. […]