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…)
In 2018, the Ministry of Health announced guidelines for policyholders to co-payment a minimum of 5% on medical claims made from their Integrated Shield Plan (IP) riders, to help address rising healthcare and health insurance costs in Singapore. The Health Insurance Task Force (HITF) also recommended that insurers incorporate suitable claims-cost control measures for all Integrated Shield Plan (IP) riders. (more…)
According to Asisone.com (Published JANUARY 18, 2021) a number of the Insurance companies in Singapore have expanded their coverage to include allergic reactions from taking the vaccine. (more…)
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…)
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…)
According to CPF Board, Dependants’ Protection Scheme (DPS) is a term insurance that provides insured members and their families with some money to get through the first few years should the insured members pass away or when they suffer from Terminal Illness or Total and Permanent Disability. Thus, DPS is a basic term insurance plan which covers death, Terminal illness and Total and Permanent Disability, currently up (more…)