Singaporeans travel so frequently – be it for leisure holidays, work trips, random weekend getaways to Bintan, an afternoon in JB to cut your hair – that it is probably well worth it for many of us to buy annual travel insurance instead of single-trip. Not only will buying annual travel insurance save
As a self-employed person, you might not have to deal with tyrannical bosses or office politics. To make matters worse, the lack of employer-sponsored health insurance and compulsory CPF contributions can put you in a financially precarious situation later on in life. While CPF contributions are generally
Buying travel insurance in Singapore is something a lot of us take for granted. Few of us bother to buy travel insurance ahead of time, and even fewer compare to find the best travel insurance in Singapore.In fact, the only time we think of buying a policy is when there’s some kind of travel insurance
Eventually, the money in this account will be channeled into retirement savings. Medisave Account – The money in this account is to be used for healthcare and medical bills, and can also be used to pay premiums for some types of insurance such as private medical insurance. Retirement Account (RA) –
Some of them take the direct approach, asking flat out if you’ve thought about financial planning. These are insurance agents, and to many wary Singaporeans, they’re best avoided. While you should never feel obligated to buy insurance from any agent you agree to meet, having a chat with one can be a
A study cited increased satisfaction in the finance & insurance and healthcare sectors. Customer satisfaction in Singapore hit a new high in 2017, the Institute of Service Excellence (ISE) at the Singapore Management University (SMU) revealed. The 2017 Q4 Customer Satisfaction Index of Singapore (CSISG
It is now expecting faster pick-ups due to combined operations. Grab said it will extend its free personal accident insurance policy to all new interested Uber drivers and riders. This followed Grab's announcement that it will acquire Uber, whilst the latter will get a 27.5% stake of the former
Whether you like it or not, you’ve got to buy car insurance to take your car on the road in Singapore and this is obviously for good reason. Whether you have chosen a policy from Aviva, FWD or the ever popular NTUC Car Insurance, knowing what to do if you were to get into an accident can make a difference
About 12-18% of its pre-tax profit is exposed to the insured market. Raffles Medical Group’s patients that pay through insurance could be hurt by recent changes in insurance full-rider policies and affect the company in the near-term run, UOB Kay Hian revealed. According to a report, Singapore will
For the first time since 2010, the motor insurance segment generated an underwriting loss, losing $27.2m in 2017. The total gross premiums for Singapore’s general insurance industry rose by 0.8% to $3.68b in 2017, close to the 0.6% growth recorded in 2016, the General Insurance Association of Singapore
This has been a weird week for insurance companies. Mr Chee talks about how this led to a “buffet syndrome”, where some policy holders were starting to claim ridiculous medical costs, since the costs were all covered by the insurance companies.
The rain makes it nicer to sleep in, but as a driver, if your vehicle is parked outdoors, there is always the fear that you’ll come back to realise your car has floated away or completely disintegrated in the rain. Will your car insurance policy cover the cost of repairs when your car suffers from flood
Whether you’re flying with a budget airline or a high-end one like our very own Singapore Airlines, be prepared to have the airline try to get you to buy their travel insurance. In fact, Singapore Airlines, of all companies, caused a scandal recently when customers complained about being auto-included
Increase in fund management segment pushes the growth. Finance & insurance sector registered a 6.3% year-on-year (yoy) growth in the fourth quarter of 2017. The Ministry of Trade and Industry noted the ...
Transport services boosted services exports. Singapore's services trade moved out of the lull as it grew by 4.7% and reached a total of $463.3b in 2017. The growth in services exports can be linked to the expansion in transport services (+6.9%), charges for the use of intellectual property (+14.7%
This was driven by a higher profit from its insurance business. Great Eastern Holdings Limited reported that its profit ballooned by 96% YoY from $589.3m to $1.16b in 2017. According to its financial statement, this was due to higher profit from its insurance business, rising by 72% YoY to $899.9m.
Anyone who’s ever bought air tickets online knows that, just before you check out and pay for your tickets, airlines like to persuade you buy a “very special” travel insurance policy put together just for their passengers. Recently, the airline caused a furor when it was revealed that they had an online
It could also turn to IPOs if no transaction is reached. Deal Street Asia reports that Singapore-based insurer Great Eastern Holdings, the insurance arm of OCBC Bank, is in discussions with Malaysia’s ...
The Employee Benefit Research Institute in the US has estimated that retirees are likely to spend 20% to 30% less than they did in working life. When trying to figure out how your expenditure will change in retirement, here are some changes you should anticipate. Getting rid of health insurance may
Insurance is one of the key components of personal finance. Singapore’s anti-corruption watchdog said it is reviewing the country’s primary anti-graft law amid mounting pressure on the government to toughen the rules in the wake of revelations of criminal wrongdoing at companies in the city-state.
Every year, thousands of Singaporean students say goodbye to their families at Changi Airport and leave to study abroad. When you study abroad, you’ll be at the mercy of your host country’s healthcare system. Unless the country offers free healthcare to everyone within its borders, no questions asked
It could be complying with the 70% foreign ownership cap on insurers. Great Eastern Holdings (GEH) is reportedly engaging with Malaysian banks to explore the selling of its stake in its Malaysian operations, DBS Equity Research said. According to a report, several other foreign insurance companies
As a general rule, you want to ensure you’re receiving adequate coverage for medical expenses and emergency evacuation. This insurance policy is one of the cheapest in town, but still packs a decent punch in terms of compensation offered. You get up to $200,000 worth of overseas medical coverage, up
The adoption of technology is streamlining the delivery of insurance products. Steady economic momentum and an increasingly ageing population will continue to drive strong demand for insurance products in Asia Pacific, according to Moody’s Investors Service. “Long-term demand for life insurance will
You’re excited to experience this whole new stage of life, yet you’re tremendously afraid something might go wrong, even before they come out into the world! It’s clear insurance companies recognise the plight parents go through, with new prenatal insurance plans catering to pregnant mothers popping