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Future of Direct Insurance Buying and its Implications
The announcement by MAS about the details of life insurance products that will be sold directly to consumers drew many comments from the public. I see comments like : Insurance agents will be out of job soon. MAS is killing insurance agents. I think MAS needs to rethink how they are engaging the industry. I am […]
Aviva to Acquire PIAS
Aviva looks set to acquire a majority stake in PIAS, according to this article from International Adviser. The deal, subject to regulatory approval, will see Aviva Asia own about 81% of PIAS. PIAS, otherwise known as Professional Investment Advisory Services, is a licensed financial adviser which offers financial planning, insurance and finance solutions. They have […]
AIA Premier Disability Cover
AIA recently launched their AIA Premier Disability Cover plan, a plan that provides protection in the event a person is unable to work due to illness or injury. This type of plan is what we call a disability income type of plan. A disability income plan provides a monthly income benefit as long as you […]
Launch of Aviva MyRetirement
Aviva has recently launched its new retirement savings plan, MyRetirement. MyRetirement is a regular premium endowment plans that gives you a monthly income (min $500/month) for ten years upon your retirement age (choice of 50, 55, 60 or 65) and a lump sum maturity payout thereafter. Premium terms can be either eight years or up […]
Launch of Aviva MyProtector Plus
It was only a couple of years ago that Aviva launched their Myprotector plan, an enhancement of their term plan with competitive premium rates. Since then, other companies have followed suit and made their term plans more competitive by revising their premiums downwards. The “race to the bottom” (in terms of premiums) looks set to […]