Coronavirus COVID-19: the virus that has infected over 400K cases and claimed more than 18K lives. As the numbers are still raising, there has been numerous inquiries coming in with regards to this pandemic situation... “Is COVID-19 covered by my insurance policies?” Fortunately, many insurance companies have responded efficiently to provide financial assistance benefits to policy holders who may be impacted by this virus. *** Please read disclaimer at the end of this entry.

“I want to earn lots of money or achieve that prestigious award so that I can give my family a good life”. Have you ever heard of such phrase that people declare? Take a moment to think about this: What is a good life to you? We often see on social media how “good life” our friends have with their new car, luxurious travel trip, limited-ed bag, happy family studio photos, fairy tale wedding, latest electronic gadgets, etc. Somehow these material images had given us an impres

I often get this question: Is the cost of health supplements claimable under my health insurance policy? It is common for doctors to prescribe post treatment health supplements or vitamins to patients in addition to the usual medication. As some medical conditions or certain major surgery may require longer term to recovery, health supplements are deem useful as a form of non-invasive maintenance. Some supplements may be given in bulk for preventive measures, especially for c

Everyone knows the importance of having insurance. We have heard so much from advisers or been educated by advertisements. We look for what we need, set aside a budget and apply for it. Most people will stop here. But do you know that financial planning doesn’t just stop after you sign on the dotted line? Implementing an insurance is only half the work done. Going back to basic, what is the main reason for getting an insurance? A couple of them: Leaving a financial legacy for

Many of us own watches, or at least one watch in our life till date. Some may have a few for different occasions - for your day to day work image or attends business and formal event, different colour to match different outfit. There are many types of watches to choose from: luxury watches, fashion watches, dress watches, sport watch, analog, digital or a mechanical watch. “What time is it now?” Well, whatever your choice may be, whether it’s a Rolex submariner or a retro Cas

Wants are sold by society! A 101 financial tip to good money management is to understand the difference between a need and a want. A need is a necessity, an obligation, an essential, a must-have, you almost can't live without. How about, what is a want? Want is a desire, a craving for, a wish, a good to have, should have but (actually) it's alright without. "I'm feeling lazy today, just spend a little more on transport, take a cab." "Once in a life time wedding, just go

Needs are imposed by nature! If you were to pen down a list of what your needs are on a paper, how much do you think you could write? I am quite sure you can easily fill up the whole piece if given some time. One of the key to good money management is to understand the difference between a need and a want. No one taught us on this differentiation in real life, things became grey and subjective to individual. Let's head back to some basics: what is a need? Need is a necessity,

Money by itself has no meaning to it, it is just a medium of exchange. But why is everyone chasing after money, looking for higher paying job, doing investments, attend trading courses, or even going into multiple businesses? What we want is not money, it is the things we want or experiences we gain using money. To form a family, a holiday to relax, the feeling of having status, gain attention, to have more time, for self development, for companionship, etc. The underlying re

Choose the right plan for the Best Buy Lorna Tan, 2 sep 2018, The Sunday times Buying a life insurance plan can be a bewildering experience for consumers as there are many products in the market. Insurance is a long term commitment, so it is important to make an informed decision after taking into account your financial circumstances and objectives. Here are some tips for consumers: #1 Do not buy on impulse Ensure that you can afford the premium over the tenure of the policy.

We can easily put a value to our property and our car, even a mobile phone and luxury bag has a value. What about the value of You? What is your price tag? Imagine you have a golden goose at home and this golden goose diligently lay golden eggs for you everyday. The goose says “Master, you can use my golden eggs to buy anything you want”. Over the years, you have successfully used the golden eggs to fund for your daily needs eg. for food, for your education, purchase a house

Many people grew up with the expectation of banks as "big, strong and friendly" institutions that will stand right by them to keep their savings secure and, in the case of fixed deposits, their principal guaranteed. As such, banks typically enjoy a high level of trust with their customers. Young and old instinctively view banks as safe havens for savings. This translates to a sense of security when they have dealings with a bank. It is common for banks to tie up with insuranc

Stepping into the end of 1st quarter of the year, many of you would have done planning and setting your direction for the year by now (I hope). It is not too difficult to set what you want, or at least just be better than previous year in any one of the areas of your career, finances, relationship, health, spiritual well being, personal lifestyle, or giving back (that’s extra tips for goal setting, you are welcome). There are so much we want to achieve and do, often driven by

When it rains, be ready to celebrate! Almost everyone would have heard of this term or being advised by someone to always save for rainy days. While it may seems like an Emergency fund, Rainy day fund is different. Rainy day fund is for unplanned repairs, unexpected medical or dental bills, and unanticipated events. It is not meant for personal wants and desires, and may comfortably be between $2,000 to $8,000. On the other hand, Emergency fund sustains your living expenses i

A topic that many individuals asked for my comments. As funky as it may sound, as trendy as it seems, the next big thing is small in size, in fact it is an imaginary metal - Bitcoin, the crypto currency. This article came just in time for me to share. From the tulip mania of the 17th century to the modern dotcom bubble, investors have followed irrational exuberance into despair more times than we can count. But we have never seen anything like Bitcoin. Regulatory barriers and

When you are getting a hospital and surgical coverage, often known as Private Medical Insurance, (PMI), besides knowing your preference in restructured or private hospitals, it is also important to consider factors like annual premium, pre-existing conditions, annual claimable limits, pre & post hospital treatment limits, waiting period, etc. With this, you should be able to make a better decision when getting a medical insurance choosing between restructured or private hospi

The one question we will always ask ourselves when getting a hospital and surgical coverage plan: "Do you prefer to seek treatment at Restructured hospitals or Private hospitals?" Choosing the right hospital for your loved ones or yourself can be a difficult task. The debate on which hospitals are better - restructured or private had been an on-going one as both have their own appeal ad drawbacks. There are so many areas to consider - factors like subsidies, medisave, Medishi