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Kelvin Ang

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Kelvin Ang

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Insurance

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KA
Kelvin Ang
Level 3. Wonderkid
Answered on 27 Mar 2019
Personally I think one should definitely get medical insurance when you’re young with good health. I would start with 1 or 2 policies on non-health insurance but at your comfortable level in term of your commitments to premiums and payment duration.

Whole Life Insurance

Term Life Insurance

Insurance

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KA
Kelvin Ang
Level 3. Wonderkid
Answered on 27 Mar 2019
It depends on your needs. I however gotten Whole Life policy when I first started work around the same age as I was looking at policies that provide some returns upon surrender after holding for at least 35 years. Eventually I gotten Term Life policy via MINDEF insured under AVIVA in my 30s. Premium for 500K was relatively cheap as compared to others in market despite the rates would increase following your age increases.

Credit Card

KA
Kelvin Ang
Level 3. Wonderkid
Answered on 27 Mar 2019
I paid my annual insurance premiums through two channels. 1. Charges to my UOB ONE card via Cardup platform to meet the minimum spendings of S$500 under UOB ONE account. This would allow me to earn the UOB ONE Card cashback of S$50 per quarter (note 5 transactions per month required) and UOB ONE account monthly interest of S$130+. You will however need to incur a fee of 2.6% for each transaction made under Cardup (eg, S$13) but you still profits at the end of day. 2. Charges to OCBC Cashflo Credit card via AXS to meet the S$500 minimum spendings under OCBC 360 Account. With S$3000 being split into 6 months instalment, this would earn me close to S$30 per month under the saving account. Note there is no rebates under credit card and no additional charges incur.

Credit Card

Insurance

KA
Kelvin Ang
Level 3. Wonderkid
Answered on 18 Mar 2019
I paid my annual insurance premiums through two channels. 1. Charges to my UOB ONE card via Cardup platform to meet the minimum spendings of S$500 under UOB ONE account. This would allow me to earn the UOB ONE Card cashback of S$50 per quarter (note 5 transactions per month required) and UOB ONE account monthly interest of S$130+. You will however need to incur an fee of 2.6% for each transaction made under Cardup (eg, S$13) but you still profits at the end of day. 2. Charges to OCBC Cashflo Credit card via AXS to meet the S$500 minimum spendings under OCBC 360 Account. With S$3000 being split into 6 months instalment, this would earn me close to S$30 per month under the saving account. Note there is no rebates under credit card and no additional charges incur.
Level 3. Wonderkid
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