What is “Juvenile Lien”

Many people buy education or insurance plans for their children, but most are not aware of a special clause in the policy called “Juvenile Lien”. It normally goes like this:

If the Life Assured sustains Total & Permanent Disability or is diagnosed with Critical Illness before 1st Birthday, 25% of the Sum Assured is used to calculate the amount of benefit payable. After such payment, the Policy terminates.

Though this has become more and more obsolete but you may still want to take note.

Why is the ease of Total Debt Servicing Ratio (TDSR) restriction disappointing


On Feb 10, 2014, The Monetary Authority of Singapore (MAS) announced to ease the restrictive Total Debt Servicing Ratio (TDSR) on certain property buyers. What it says is that some of whose who bought a residential property before the TDSR measure … [Continue reading]

Removal Of Benefit Illustration For Single Premium Investment-Linked Plans And Recurring Single Premium Investment-Linked Plans

Due to a change to the regulatory requirements issued by the MAS, from 1 Feb 2014 onwards, it is no longer permissible for the insurance service providers to provide any benefit illustrations. This is to avoid misinterpretation of investment … [Continue reading]