Singapore Money Matters Rss

Featured Posts

Where would CPF money go if it is nominated to a bankrupt? When Madam Lim Lye Kiang sought to claim the $102,000 from CPF which her late sister had left her, she would never have expected that the CPF Board transferred the money to the OA (Official Assignee) to...

Read more

Why you should not buy IPOs As Sheng Siong is launching its IPO next month, I expected a few calls as whenever an IPO is launching. And if you are my client, you know my answer. I decide to write this article so everybody can benefit...

Read more

Questions to ask your Financial Adviser Every Sunday morning when I flip open the newspapers, I always see articles or advertisements regarding "Financial Advisers". Nowadays, just like the once prestigious word "Banker", which is misused in...

Read more

Revision to Nomination of Insurance Nominees Regulation With the onset of the Mental Capacity Act ("MCA") coming into effect on 1st March 2010, the Insurance (Nomination of Beneficiaries) Regulations 2009 ("the Regulations") will be amended to effect 2 changes: The...

Read more

The ABCs of the Financial Advisers Act The title, Financial Adviser, is always mis-used in the industry and misunderstood by the consumers. On 10 October 2002, the Financial Advisers Act came into effect and all financial institutions are...

Read more

HSBC MortgageProtector Campaign

Posted by Ivan Guan | Posted on 22-07-2011

Category : Life Insurance, Promotions

Tags: ,

Update on Jan 31, 2012 – This campaign has been extended till further notice. 

HSBC has just launched MortgageProtector Campaign from 18 July 2011 to 31 January 2012.

Customers will enjoy a 20% perpetual discount off their MortgageProtector premiums for single life and 14% for joint lives for all application submitted during the campaign period.

MortgageProtector is a mortgage insurance. the key product features are:

  • Life protection up to age 70. In the event of death, your family will receive the sum assured in a lump sum.
  • Total and permanent disability coverage up to age 65
  • Flexible plan with a wide range of terms available from 10 to 40 years, and interest rate from 1% to 10% to match your mortgage plan.
  • Single or joint coverage are available for joint homeowners who are spouses or family members.
  • Affordable premium rates that are guaranteed, giving you the coverage you need at a fixed premium rate. Furthermore, enjoy a one-time waiver on the first month’s premium.
  • Premium payment term will end four years before the end of policy term, while you continue to enjoy full coverage.

You can contact me if you are interested in the product.

AIA A$ Wealth Accumulator – Up to 4.7% Interest per year

Posted by Ivan Guan | Posted on 09-02-2010

Category : Promotions

Once Again, AIA is offering the highest Guranteed interest up to 4.7% per year. If you are interested in the product, you may contact us for professional advice.

Note: This product is not suitable for those who are averse to foreign currency exchange rate risk or who are unable to understand the implications of currency risk.

AIA A$ Wealth Accumulator is a:

  • non-participating Endowment plan
  • 4.5 year term plan
  • single premium plan available in AUD only

The AIA A$ Wealth Accumulator is ideal for customers who wish to

  • Diversify their portfolio with foreign currency investments
  • Invest in the A$ for specific goals eg. children’s education and/or retirement in Australia

AIA Wealth Accumulator Promotion – Guaranteed return of up to 2.55% p.a. for 5 years

Posted by Ivan Guan | Posted on 11-11-2009

Category : Promotions

AIA is offering the highest Guaranteed Return for 5 years Single Premium Endowment now. They are also giving FairPrice Shopping Vouchers for large invested premium.

You may contact us if you are interested in the promotion, note promotion will end 19 November 2009 or whenever the tranche limit is reached whichever is earlier

Tier 1 – For Premium between S$100,000 to S$149,000
For each incepted AIA S$ Wealth Accumulator policy with a single premium between S$100,000 to S$149,000, the customer will receive S$100 worth of FairPrice shopping vouchers.
Tier 2 – For Premium between S$150,000 to S$199,000
For each incepted AIA S$ Wealth Accumulator policy with a single premium between S$150,000 to S$199,000, the customer will receive S$180 worth of FairPrice shopping vouchers.
Tier 3 – For Premium of S$200,000 and above
For each incepted AIA S$ Wealth Accumulator policy with a single premium of S$200,000 and above, the
customer will receive S$250 worth of FairPrice shopping vouchers.

aia_wealth_accumulator

MyShield promotion: 50% discount for children under Plan 1 (FREE for Plan 2)

Posted by Ivan Guan | Posted on 29-08-2009

Category : Promotions

Tags: , ,

2009 Aug – Aviva has just launched a 50% premium discount promotion campaign for their MyShield plan, which is approved by CPF to integrate with Medishield to enhance the coverage.

Currently, as long as you and your spouse are covered under MyShield Plan 1 or Plan 2, your children will be covered FOR FREE under MyShield Plan 2 right up to 20 years old age next birthday.

Now, when you and your spouse are covered under myshield plan 1, you are entitled to 50% off your child(ren)’s Plan 1 premiums.

In a nutshell, both Plan 1 and Plan 2 cover your children’s medical expenses on an “as-charged”^ basis. Plan 1 is designed to cover private hospital expenses and Plan 2 is for Government Hospital Ward A charges.

This offer is valid till 31 december 2009.

^ co-insurance and/or deductible applies.