Tag: income protection

5 Biggest Pitfall to Avoid When Planning for Retirement

5 Biggest Pitfall to Avoid When Planning for Retirement

5-Biggest-Pitfall-to-Avoid-When-Planning-for-Retirement-mengchanfinancial

5 Biggest Pitfall to Avoid When Planning for Retirement. While thinking about retirement, one can be tempted to believe in the idea that it’s just a matter of saving for a while and the money will be there when need it. It’s not as simple as that. Experts advise us to plan ahead, estimating what expenses we might have in the coming years. If you’re planning for retirement, here are 5 things you should avoid: (more…)

Share the knowledge!

Singapore Insurance: What is ElderShield and CareShield Life

Singapore Insurance: What is ElderShield and CareShield Life

Singapore-Insurance-What-is-ElderShield-and-CareShield-Life

What is ElderShield?

According to CPF Board, Ministry of Health first launched ElderShield in September 2002. ElderShield was offered to eligible Singapore Citizens and Permanent Residents (PRs) who had a MediSave Account (more…)

Share the knowledge!

Singapore Insurance: on Four Top Misconceptions of Insurance

Singapore Insurance: on Four Top Misconceptions of Insurance

Singapore-Insurance-on-Four-Top-Misconceptions-of-Insurance

According to The Strait Times (PUBLISHED NOV 22, 2020, 5:00 AM SGT) there are four top misconceptions of insurance in Singapore. Click below to read the full article. (more…)

Share the knowledge!

PRUCancer 360 an Affordable Cancer Insurance Plan

PRUCancer 360 an Affordable Cancer Insurance Plan

PRUCancer-360-an-Affordable-Cancer-Insurance-Plan

According to Ministry of Health (MOH) Principal Causes of Death statistic for year 2017-2019 on the top of the chart is cancer. (source: https://www.moh.gov.sg/resources-statistics/singapore-health-facts/principal-causes-of-death) (more…)

Share the knowledge!

Circuit Breaker: Insurance an Essential Service: We Are Open

Circuit-Breaker-Insurance-an-Essential-Service-We-Are-Open-sg

The government’s circuit breaker measures will start tomorrow. Most shops will be closed, dining establishments which are open will only offer take outs or delivery. Most of us will be working from home while our students will start home based learning the day after.We are entering a very difficult phase. If we cannot flatten the COVID-19 curve, we will end up with DORSCON Red. We do not want that, do we? Please follow the measures so we can overcome this COVID-19 pandemic together. I know it is very difficult but our best contribution in this fight is to STAY HOME. For the elderly, this is most advisable – Senior Minister Goh Chok Tong (06 April 2020)

(more…)

Share the knowledge!

The Truth on 6 month of Your Emergency Fund During Covid-19

The-Truth-on-6-month-of-Your-Emergency-Fund-During-Covid-19-sg
(photo by pexels)

The Truth on 6 month of Your Emergency Fund During Covid-19

Very often financial consultant generally encourage you to set aside 6 months’ worth of your living expenses as a personal and/or family emergency fund, in case unforeseen situation happened in your life. But is 6 months of emergency fund really enough during Covid-19 pandemic? (more…)

Share the knowledge!

Blog: Best Top 10 Financial Tips in Year 2019

top-10-financial-tips-2019-sg

Best Top 10 Financial Tips in Year 2019

Here are some useful tips for your financial planning, before year end, and help you on your money management for the coming new year. Have you ever felt you always have limited resources (money) and until now you still have not gone to that dream vacation of yours? Take a look at the following tips, hope it will help you better manage your finances.
(more…)

Share the knowledge!