ElderShield
ElderShield is an insurance cover that was designed to help those who become too severely disabled to manage their own everyday care. Launched by the Ministry of Health in 2002, the plan provides a monthly cash payout that can be used for the many costs of daily care at home or in hospital. ElderShield classifies a person as severely disabled when they are consistently unable to perform at least 3...
December 8th, 2009
The Choice Between Term and Whole Life?
Consumers have often found themselves torn between having to purchase a term insurance or whole-life insurance cover. Let us review the differences and see how each one will fit into your own planning. There’s two school of thoughts when it comes to life insurance purchases. One camp that is pro “term” and the other pro “whole-life”, and either of these camps could be...
November 18th, 2009
Critical Illness Stand-alone policies Part 3
This series will talk about the pros & cons of a stand-alone critical illness plan, those that are available in Singapore. Let’s walk through the first plan ever in Singapore. Company: AXA Overview: AXA’s Early-Payout LivingEnhancer is a regular premium plan with early payout critical illness benefits. The amount you can claim depends on the severity of the illnesses. There are three different...
November 14th, 2009
Critical Illness Stand-alone policies Part 2
This series will talk about the pros & cons of a stand-alone critical illness plan, those that are available in Singapore. Company: Prudential Overview: PRUmultiple crisis cover provides up to THREE critical illness claims, inclusive of 2 cancer claims. Unique Feature: 1) Up to THREE critical illness claims, inclusive of TWO cancer claims 2) Waiver of all future premiums upon the first critical...
November 10th, 2009
Critical Illness Stand-alone policies Part 1
This series will talk about the pros & cons of a stand-alone critical illness plan, those that are available in Singapore. Let’s walk through the first plan ever in Singapore. Company: Great Eastern Overview: Early-Payout CriticalCare plan, was the first stand alone critical illness plan in Singapore that gives you a payout on the early onset stages of a critical illness. It provides coverage...
November 3rd, 2009
Singapore’s Critical Illness Listing
Hi all, Just on Sunday (12th April 2009) Singapore Straits Times carried an article on Critical Illness Insurance on Sunday Times. It only goes to show there is insufficient knowledge and discernment when it comes to insuring oneself for critical illness. Should we choose a term plan? Or should it be a rider attached to a life policy? Which one will benefit you? We shall answer them over time but for...
April 13th, 2009
Travel Insurance
Traveling is definitely fun, and it can never get better with having a peace of mind as you go on with the trip knowing that you will be well taken care of in case accidents, medical emergencies or other unforeseen events happen; and this is the reason why travel insurance have become so necessary nowadays. Health insurance cover as part of your travel insurance while traveling have often been forgotten...
March 28th, 2009