Jim Ng
Insurance Premiums Reduction Specialist™ at SaveSmartSingapore.com

Top Contributor (Nov)

85 upvotes received
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World’s Only Insurance Premiums Reduction Specialist™
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Insurance Premiums Reduction Specialist™ at SaveSmartSingapore.com
Software Engineering at Singapore Institute Of Technology
Top Contributor
(Nov)
  • Answers (42)

  • Questions (1)

  • Reviews (0)

  • Topics (6)

  • Asked by HC Tang

    Jim Ng, Insurance Premiums Reduction Specialist™ at SaveSmartSingapore.com

    Top Contributor (Nov)

    42 Answers, 85 Upvotes
    Answered 2w ago
    It is better than surrending the plan directly to the insurance company you bought the policy from. 1. You enjoy a better surrender value than the insurance company. 2. If you purchased insurance policies from a friend, your agent friend that you may have bought the policy from won't be angry at you for surrendering your plan as the plan continues to be funded, not affecting his commisions. 3. You receive cash/cheque up front from the company you surrender from. It's fast, quick and convenient. Cheers.
  • Asked by Anonymous

    Jim Ng, Insurance Premiums Reduction Specialist™ at SaveSmartSingapore.com

    Top Contributor (Nov)

    42 Answers, 85 Upvotes
    Answered 2w ago
    As the World's Only Insurance Premiums Reduction Specialist: - I don't earn through commissions. - The only person providing such a service in Singapore. - My clients obtain the most value-for-money financial products possible. - No conflict of interest as there is no incentive for me to sell you high-commission products. - Product comparison across all market channels, not just from the principal company like any other insurance agent. - You can see how satisfied my clients are here. If you fulfill the following 3 criteria, you may be the person I want to work with. 1. Want to improve your financial situation. 2. Want to spend less on your insurance policies, while enjoying the s ame amount of insurance/savings coverage. 3. You’re coachable . If the above 3 points describe you, do visit SaveSmartSingapore.com
  • Asked by Anonymous

    Jim Ng, Insurance Premiums Reduction Specialist™ at SaveSmartSingapore.com

    Top Contributor (Nov)

    42 Answers, 85 Upvotes
    Answered 3w ago
    It is great that you want to take responsibility for your own finances. That would help you become a more responsible person. Why not progressively start paying for your own bills? Perhaps you can take over the phone bills first this month. Then subsequently lodging next month. Then other bills the following month, so on and so forth. With such a gradual transition, I am sure your parents will be more comfortable that their child has grown up and has matured. Cheers. Wishing you all the best!
  • Asked by Anonymous

    Jim Ng, Insurance Premiums Reduction Specialist™ at SaveSmartSingapore.com

    Top Contributor (Nov)

    42 Answers, 85 Upvotes
    Answered 3w ago
    Hi, I just bought my HDB flat last month with my spouse and I managed to keep the first $20k (combined total) in both of our accounts. 1. Did you take a HDB loan or a bank loan? This mechanism is only applicable for HDB loans. 2. Also, does your HDB loan cover fully the purchase price of your flat, along with all the other stamp duty and legal fees? 3. Did you notify the HDB officer in writing during the signing of documents?
  • Asked by Anonymous

    Jim Ng, Insurance Premiums Reduction Specialist™ at SaveSmartSingapore.com

    Top Contributor (Nov)

    42 Answers, 85 Upvotes
    Answered 4w ago
    Hi, once you turn 55 years old, if you choose to select the FRS, the FRS amount will be transferred to your newly set-up Retirement Account (RA). That is where your FRS will be resting in the RA, obtaining an interest rate of 4%. The rest of the amounts which are not being used will sit in your OA earning 2.5% to 3.5% , and your SA earning 4% to 5%. I hope that answers your question. If you've any further queries, feel free to ask further.
  • Asked by Anonymous

    Jim Ng, Insurance Premiums Reduction Specialist™ at SaveSmartSingapore.com

    Top Contributor (Nov)

    42 Answers, 85 Upvotes
    Answered 4w ago
    Hi, I'm doing my Bachelors of Engineering in Software Engineering at Singapore Institute of Technology. Try FreeCodeCamp, YouTube tutorials on using content management systems like Wordpress. If you're highly skilled in these areas, such as doing digital marketing, website design, SEO, there are companies and people out there that are willing to pay you good money for it. I'm talking like taking up an account for $2k monthly. So imagine you work with 3 clients as a free lancer or you operate your own digital marketing agency, you're already raking in $6k monthly. So ask yourself this, which part of computer science do you want to dive into? Front end development? Back end development? Mobile application development? Computer science is broad. Define what exactly you're passionate about first, before making a decision.
  • Asked by Anonymous

    Jim Ng, Insurance Premiums Reduction Specialist™ at SaveSmartSingapore.com

    Top Contributor (Nov)

    42 Answers, 85 Upvotes
    Answered on 12 Nov 2018
    A stock is an ownership of a company that is being sold on the Public Stock Exchange. People usually buy it because of 1 out of 2 reasons (or both): 1. Capital Gains If the price of the stock the person bought goes up, the person could sell the ownership of the stock on the Stock Exchange and profit. 2. Dividend Yield The stock issues dividends every quarter/half-yearly/ yearly depending on the stock. This generates a passive income for investors.
  • Asked by Charmaine Ng

    Jim Ng, Insurance Premiums Reduction Specialist™ at SaveSmartSingapore.com

    Top Contributor (Nov)

    42 Answers, 85 Upvotes
    Answered on 12 Nov 2018
    Provided that you do not have an existing medical condition: You can switch from the Prudential Shield Plan to the AIA Shield Plan, which is largely competitive in terms of the price in the market as well: If you are already paying for the Prudential Hospitalisation Plan's cash rider, take note of this: With the AIA Max Essential A Saver Rider ( Reduces the cash rider costing), you enjoy saving more on the cash rider portion! Compare between Prudential and AIA here: https://www.businesstimes.com.sg/sites/default/files/image/2017/07/24/onlineupdated_0.jpg
  • Asked by Anonymous

    Jim Ng, Insurance Premiums Reduction Specialist™ at SaveSmartSingapore.com

    Top Contributor (Nov)

    42 Answers, 85 Upvotes
    Answered on 12 Nov 2018
    1. Hospitalisation plan , Integrated Shield Plan for your self coverage Protect your own income first before you think of your dependents. If you can't even protect your own wealth, how are you going to protect your loved ones? Compare between all the hospitalisation plans here: https://www.businesstimes.com.sg/brunch/the-good-the-bad-and-the-ugly-of-integrated-shield-plans 2. For life insurance coverage if you have dependents: MINDEF/MHA Group Term Life since you're a guy . https://www.aviva.com.sg/en/mindef-and-mha/ Arguably the cheapest Term Life Insurance availalble in the market right now. 3. Critical Illness Insurance to protect your income in the event of critical illness Stand alone plans are better because it is not being tied to your term life insurance in the form of a rider. In the event that you cancel away your term life insurance, these plans are still actively protecting your income. Compare between the best critical illness insurance here: https://moneyline.sg/early-critical-illness/?gclid=Cj0KCQiAoJrfBRC0ARIsANqkS6qrmOFZdJ6aqRt6Lo8EFOtVmOzYBBo0uMPN-4JLa0Z05mbTRWvJ8aArw0EALwwcB Lastly, congratulations on your ORD and wishing you the best in your career. Cheers :)
  • Asked by Anonymous

    Jim Ng, Insurance Premiums Reduction Specialist™ at SaveSmartSingapore.com

    Top Contributor (Nov)

    42 Answers, 85 Upvotes
    Answered on 12 Nov 2018
    Hi, I am 23 as well, only equipped with a diploma too. I am so sorry to hear that you have a critical illness at this age, it is really unfortunate. Is there any way you can seek help from Ministry of Social And Family Development and apply under the Urgent Financial Assistance scheme? Read more here: https://www.msf.gov.sg/Comcare/Pages/Urgent-Financial-Assistance.aspx Also, are you truly interested in studying a specific course for your university studies? What did you study in your polytechnic? What is the current pay if you were to apply for a job now with your diploma? Feel free to private message me on Facebook for free financial advice: https://www.facebook.com/jimngweida Disciaimer: I have nothing to sell you, I just genuinely want to help.
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