Alvin Soong’s Blog

Weekend September 27, 2008 by Stanley Jeremiah
WE SHOULD expect to spend 12 to 15 per cent of our income on healthcare. This was the evaluation of Health Minister Khaw Boon Wan at a SingHealth event recently.
I don’t think most people have considered the significance of what the Minister said. If you earn $50,000 a year, […]

Actual News Extract from Straits Times Today. Original text to retain the importance of the contents:
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THE questions came fast and furious: How well are insurance policies protected? Are offshore banks safe? Can the Government make banks raise the guaranteed amount for deposits?
In an uncertain economic climate that has seen seemingly rock-solid financial institutions in the […]

Note the different terms in plans out in the market, esp the difference between capital gaurantee and capital protected.
1) Effective rate of return
Most structured products pay a guaranteed minimum rate. Some pay this out as a lump sum - after a period of time - into the deposit, for example, after the first year. […]

The Life Insurance Association just have the new guides for life insurance. If you are new to insurance, it will be good to get these copies for your references.
Link 1 to download in English:
your-guide-to-life-insurance-english.pdf

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A NEW law is being planned to give Singaporeans a say over who will look after them if they lose their mind to dementia, illnesses or accidents. The draft Mental Capacity Bill allows them to decide in advance who their guardian - known in legal terms as a donee - should be.
Parents of intellectually […]