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Insurance

Hi Anon, Sorry to hear this in your case. But yes, there are many instances where the agent 'disappears' after the sale. Like what Alan said, yes you should be in control of your own policies. However ideally it would be to have an agent whom you can trust, who will be the pro-active one to engage you and keep you updated on matters, or is also contactable generally. Wells.. you could try contacting your agent on a once of basis, and see how things go, hopefully he or she will change and be more involved in your life journey.
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Insurance

Family

Retirement

Hi Anon, Based on the mentioned age, in regards to retirement, it might be good to find short term savings policies, as that would provide certain extend of coverge for your parents, and at the same time, at maturity there is a lump sum payout for your parents, that can provide some finances to add on to CPF Life. I would also advise maybe to do some investing on their CPF monies to increase their CPF, however with the current situation, that wouldn't be a smart move, and might end up affecting their CPF monies instead.
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Insurance

Term Life Insurance

Critical Illness (CI)

AVIVA MyProtector

For DPI, the insurer pockets the comms. There isn't so much significant difference between DPI and via an advisor. If DPI is a whole lot cheaper, they'll cannibalise advisors, and they wouldn't want to upset their main distribution channel. So I'd suggest working with an advisor, at least they can give perspectives. An advisor's job also doesn't end at just product purchase. There are many additional areas we can help you with like estate planning strategies, cheatsheets for claims, budgeting and financial health checkups, etc.
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Insurance

NTUC Income IncomeShield

Hi Anon, That is definitely something to look at, because after hospitalisation, it's the post hospitalisation bills that will pile up. So it would be a good thing to look at a plan that has a longer post hospitalisation coverage period. Just wondering in regards to healthcare, what are you looking at? Private or Public? If premiums are a concern, you could consider taking a public healthcare shield plan that allows your parents to be warded in a class A ward. However do note that you might want to also consider looking at a term policy for them as it would be good to have a payout to help with the bills of your elderly parents due to unforeseen circumstances. But this is not as crucial as looking into a shield plan first. Do reach out if you have further queries, in regards to public healthcare, I believe Prushield Plus + Pruextra Plus Co-pay is very affordable for those in their latter years.
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Insurance

Hospitalisation Insurance (H&S)

Financial Gardener
Financial Gardener
Level 2. Rookie
Answered 2d ago
I’m interested to know as well. I have pre-existing and have been rejected by insurer before. Currently I’ve looked at: - https://seedly.sg/reviews/health-insurance - https://www.valuechampion.sg/msig-prestige-health-insurance-review (cheapest int’l health) and lastly: - https://www.policypal.com/health-insurance Still researching, would be good to see what others say here. 🙂
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Stocks Discussion

Investments

Savings

Insurance

COVID-19

SG Budget Babe

Savings Accounts

Well it would depend on my risk profile, appetite, and strategy. If I'm risk adverse, I'll never buy stocks, if i love taking risk, I might never buy an endowment plan. So it's an individual choice and it has to be.
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Insurance

Term Life Insurance

Family

Charmaine Chua
Charmaine Chua
Level 3. Wonderkid
Answered 2d ago
When it comes to price, I'd strongly recommend you go direct to the insurer. I shopped around quite a lot when looking for my own coverage and realised that FWD and Singlife offer really competitive rates. I did a quick check for you using these details - Male, 60 years old, non-smoker, coverage $400k, coverage term 10 years till 70 years old. FWD - Monthly premium $191.40 Singlife - Monthly premium $284.60 You might want to provide more information like your desired coverage amount, coverage term as these contribute greatly to the calculation of your premiums. That being said, any reason why you decide to get term life insurance at 60 years old?
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Health Insurance

Healthcare

Lifestyle

Insurance

Soon Xiaohui
Soon Xiaohui
Level 6. Master
Answered on 29 Jun 2018
Hello there, To clear your doubt - usually when we say health insurance, we are referring to Hospital & Surgical (H&S) or integrated shield plan and yes it is a type of term insurance but this is not the insurance which many has been debating to get term or whole life thefore please don't get confused over this. You may read https://blog.seedly.sg/working-adults-what-are-the-key-insurance-policies-you-should-get-in-singapore/ to have a summary glimpse of different insurance and their purposes. For your case, have you check if your family if you have an existing health insurance? That should be the first step you should do first. If you have no health insurance, do spend some to read on the articles before getting any purchase https://blog.seedly.sg/singaporean-integrated-shield-plan-comparison/ https://blog.seedly.sg/integrated-shield-plan-rider-comparison/ Hope these links clarify your main doubt.
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Aviva Car

Insurance

Kathlyn Laiu
Kathlyn Laiu, Community Associate at Seedly
Level 6. Master
Answered 2d ago
To me, most car insurance gives the same benefits and services but things you should take note of for the Aviva car insurance would be the no claim discount (NCD) protector where if your car is damaged and it was not your fault, your NCD remains and no upfront payment is required. Also, Aviva has the lowest NCD penalty upon claims - they only deduct 10% when you make claims while most are 30%. There is nothing much to look out for for the aviva car insurance other than the lower NCD penalty. I would not say there is anything particularly outstanding about this policy
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AIG Car Autoplan

Car Insurance

Insurance

It depends on the exact plan that you have. Check the policy or call up AIG to determine whether you are allowed to go to any workshop of your choice, or authorised workshop for repair. I share quality content on estate planning and financial planning here.
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