Today was the first time in 2009 that we organised this Financial Health Talk @ Newton for our clients and prospects. Previously it was held in our old office at Tanjour Pagar. It was a great success because the turn up was close up to 30 plus people! Many of them found this session to [...]
Prudential has launched a critical illness plan that enables policyholders to claim up to three times
the sum assured, subject to certain conditions.
The plan, called ‘PRUmultiple crisis cover’, may be a first here. Most other critical illness plans
are bundled with whole life cover, an endowment plan or term assurance.
Critical illness cover pays out a lump sum [...]
My husband was stricken with acute abdominal pain on Jan 19. As it was early, the
neighbourhood clinics were closed and we went to Mount Alvernia Hospital’s 24-hour clinic for his
treatment.
The staff acted quickly and tests revealed that he was suffering from a stone in his ureter. The
next step was for the hospital to refer us [...]
12 January 2009
K C Vijayan
The Straits Times
Son injured during NS
The parents of a former full-time national serviceman, who has remained in a coma for over three years after an incident in camp, is taking the Ministry of Defence to court over compensation issues.
They claim that then-corporal Jeremy Tan, now 26, is entitled to coverage for [...]
MAS takes action after finding breaches of the law
Three insurance brokers – Acclaim Insurance Brokers, Leadenhall Insurance Brokers and
Magnetron Insurance & Financial Services – have been told by the central bank to stop offering
advisory services by today.
And come Jan 22 next year, they will also lose their exemption from a financial adviser’s licence
requirement.
Source:
20 Dec 2008
Christopher Tan
The Business Times
Banks are a fiduciary and should place customers’ interests ahead of shareholders’. Banks are
for transaction, not advice
Once upon a time, on a sunny island in South-east Asia, lived more than four million people. The
government took care of the people and the people trusted their leaders. Although outsiders were
often jealous, and [...]
Source: Business Times, 18 Dec 2008
More than 90% of complainants have been interviewed, says MAS
Most investors who claim to have been mis-sold structured notes linked to bankrupt Lehman
Brothers will be told the outcome of their complaint from mid-January, the Monetary Authority of
Singapore (MAS) said yesterday.
As you may be aware, there were some changes made to the claim limits and premium rates of basic Medishield. These changes took effect on 1 Dec 2008. In addition, starting from 1 Jan 2009, Ministry of Health will also be implementing Means Testing, to ensure those who can afford will pay more, and the [...]
16 December 2008
R Sivanithy
The Business Times
You’d have to wonder – has Wall Street fully digested the enormity of Bernard Madoff’s alleged
US$50 billion hedge fund fraud?
In days to come, the term ‘Ponzi scheme’ is surely destined to become a familiar one among
stock market circles, as will the name Bernard Madoff.
We can do no better than reproduce [...]
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