Mabel Tan

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Mabel Tan

Financial Consultant at AIA

6Upvotes

About

Mabel Tan's profile is not filled up yet.

Credentials

Financial Consultant at AIA

Mabel Tan

Financial Consultant at AIA

6Upvotes
  • Answers (4)
  • Questions (0)
  • Reviews (0)

General

Insurance

Mabel Tan
Mabel Tan, Financial Consultant at AIA
Level 3. Wonderkid
Updated 3w ago
Hello! first off, just wanted to ask you, are you supporting your parents at the moment? If you’re only supporting yourself at the moment you can probably get a life insurance with lesser coverage since, as you mentioned, you don’t really have any dependents at the moment Since you’re still very young. But of course once you grow older, and your liabilities get bigger, and the more people will start to depend on you and that’s when you will start seeing the importance of Life Insurance. but of course it’s also to get covered now when you’re young especially if your dependents are your parents. Not to worry if you were to buy a lesser coverage now because there are products whereby you can always increase it, once u grow older. hope this helps! if you have any more questions can always contact me at https://www.facebook.com/mabeltanyuling Cheers!

Insurance

Mabel Tan
Mabel Tan, Financial Consultant at AIA
Level 3. Wonderkid
Updated 3w ago
Hello! Just to clarify, ECI coverage does not cover the hospitalisation and surgery cost. The cost is covered by ur hospitalisation and surgery plan under ur basic protection. ECI coverage is generally used to cover the loss of income during the period of ur recovery (Which by the rule of thumb would be x2 of ur annual income, meaning to say when diagnosed with ECI, you’ll be compensated with 2 Years of ur current annual income durIng ur recovery period). And ECI will be paid out during the early stages if your CI. be it stages 1 or 2, whereby the chance of recovery upon Diagnosis of the early stages as compared to the late stages hence coverage for ECI is definitely more expensive. However for late stage CI will only be paid out during stages 3 &4 where the chances of recovery is much slimmer. after all, Insurance is always something to help you protect your money. So it might be something u should consider as well. my advice, get it while you’re young and healthy. the younger you are the cheaper ECI Insurance will be. :) Hope this helps!

Endowment Policies

Investments

Insurance

Mabel Tan
Mabel Tan, Financial Consultant at AIA
Level 3. Wonderkid
Answered on 04 Oct 2018
Hello! First off, just to clarify the difference between endowment and investment plans. Generally for endowment plans, are safer options for people who are more risk adverse and looking for stable returns with a lower risk. As for investment options, generally the returns would definitely be higher but there will definitely be higher risk, depending on your own risk appetite. End of th day, it really depends on how much you plan to put in and how much returns do you want and when do you need it? If you‘d like a second opinion on this, feel free to pm me on telegram @mabeltanyl or Facebook messenger me at Facebook.com/mabeltanyuling Cheers!

Insurance

Mabel Tan
Mabel Tan,
Level 3. Wonderkid
Answered on 03 Oct 2018
Hello! In in terms of basic protection, to have the five limbs (Death, TPD, CI, Hospitalisation & Accident) covered would be considered sufficient. However for your life plan with CI coverage you might want to take note of the period when you bought the policy and the coverage of it. Generally plans with CI coverage bought before 2012 does not cover early critical stages. so it might be something you might want to take note of as well and check with your adviser. Or if you’d like a second opinion, you can contact me at m.me/mabeltanyuling. Cheers! All the best!
Level 3. Wonderkid
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