Pet Insurance Is Now Back In Singapore

Back in the 90s, there was an insurer carrying Pet Insurance, but due to the low market demand, the policy was taken off the shelf, more likely due to the abuse of claims by the public and thus low margins made from the policy.

Now with the affluent lifestyles of Singaporeans, many homes will have a pet of some sort and with the high cost of living, pets medical expenses are not cheap either. Some of the pets may even cost a bomb at purchase and losing them does not only hurt emotionally, but financially as well!

Introducing Liberty Insurance's PetCare! You can now insure your prized dog, cat or hamster! With 3 plans for you to choose from and with annual premiums ranging from $350-$750, it definitely is a good deal for your pooch or kitty! Some rules though....

Benefits at a Glance

1. Covers up to 70% of eligible vet bills arising from illness or accidents, up to S$10,000 each year
2. No medical examination required
3. Freedom to use any vet, anywhere in Singapore
4. Covers third party liability arising from owning the pet
5. Covers loss due to theft or accidental death
6. Toll-free Helpline
7. No Claim Discount of up to 15% to reward healthy pets

What You Do Not Know About Eldershield in Singapore

Being old and elderly was something far away from my mind, when I started in the insurance

business 20 years ago, but lately, seeing more news articles on retirement and ageing with yours truly also slowly approaching the "Silver Generation", my family and I began to have our antennas up whenever the topic of age related matters popped up.

Lately, a close relative of ours started to have difficulty walking and he was 72. The first thing that came to my mind was Eldershield, as he displayed the criterias needed to submit a claim (for those who are not familiar with the workings of Eldershield, here's a link to read up about it and after reading, you will definitely feel it's insufficient).

However, what confused us was that his premium payments had ended when he was 65, so naturally we thought the cover

The Rising Retirement Problem of Singapore and A Unique Solution!

Finally, a product being launched once again by the ever innovative Tokio Marine Life Insurance product development team to address our greying population. In the recently concluded National Day Rally 2014, Singapore's Prime Minister did highlight the use of the lease buyback scheme of the HDB and Minimum Sum Requirement's (MSR) annuity program to meet the needs of the country's Silver Generation.

However, for many, it might not be sufficient to retire with (as voiced by TMLS's CEO-click on image on right)
Well, all is not lost as the company is the 1st to launch a similar annuity program which u can pay by installments, instead of a huge lump sum to achieve your aim and more importantly, spouses can also be covered! Another great  feature  is that you can now start planning for your retirement at a younger age with TM Retirement Paycheck Life (Click on the image below)!

Will just let you read the newspaper cuttings for what the product can do; in the meantime, if you want to know more, please contact us NOW!

Demography of Life Assured in Singapore As At 2005

OK, this data might be a little old; but it still shows you the demographics of Singaporeans who own life insurance policies. (Done by the Life Insurance Association) The potential marketing aspect or maybe the lack of policies during the early part of the millennium are reflected in the chart below.

It's an interesting fact to know and also for you to evaluate if you are having adequate number of policies in your age group. As you can see that this was taken in 2005, fast forward to the present and I'm sure you can imagine that the numbers should be much higher now and if you are not even close to having the number of policies back then, you really might want to consider taking action now and perhaps call on the author of this blog now!

Looking For An Agent or Financial Adviser In Singapore Who Can Handle Your Company's Group Insurance ?

Ever tried to Google for a Financial Planner or Financial Planning Consultant who is experienced or well

versed in advising or handling your corporate or business insurance? You will probably end up at the insurer's website who will then re-direct you to their direct agents; some of whom are probably selected because of their good relation with the customer service personnel who took your enquiry.

Well, the fact that you are on this site, is because you have finally found an agent or some might call us a Financial Adviser who has loads of years of experience in handling group insurance claims and enquiries, as well as addressing questions on employee benefits in Singapore.

Whether your enquiry is on Group Hospital Surgical (GHS), Group Personal Accident (GPA), Group Term Life (GTL) plans and even if the policies are from AIA, QBE, Prudential, Great Eastern or TMLS (Tokio Marine), he has heard it all and will gladly advise you on what is needed and what is redundant.

Just give the agent a couple of minutes of your time to see why he has been well liked and sought after all these years.

Yes, there may be questions which even the most experienced financial planning consultant or manager may not be able to answer, but fret not, this agent will get back with a reply from the horse's mouth in a matter of days. SO stop entrusting  your company's welfare into the hands of an inexperienced newbie, but GET this Financial Adviser to give you a quote ASAP!

That's just the tip of the iceberg, What's more?  If you also have burning doubts on the following life insurance related matters and how they can complement your company's insurance, this financial adviser can clear the air with regards to:

* Regular Saving Programs
* Retirement Planning
* Wealth & Asset Management
* MEDISAVE Health Plans for the young and old
* TRAVEL, CAR, HOME & other General Insurance
* Medical Inpatient & Outpatient plans
* Long Term Care (Eldershield)


Still thinking? Contact HIM now and think at the same time!

Home Contents Insurance In Singapore

Was on Youtube the other day and came across this video with a catchy tune. After watching it, realised it was about Home Contents Insurance in Singapore and the company? Chubb Singapore (not the security system). Here's the video:


Here's some benefits of the Home Contents Insurance (courtesy of Chubb Group of Insurance Companies):

In the unfortunate event that your cherished valuables are lost, stolen or damaged, the last thing you want to hear from your insurer is that they are not insured for their true value.

Chubb’s Masterpiece insurance is designed to provide the best protection available for your most valuable possessions, including:

• fine art/antiques
• jewellery
• wine collection
• rare books
• manuscripts
• silverware
• furs
• china and crystal
• musical instruments
• stamps and coins
• cameras

Masterpiece also offers you cover for your valuables that most standard insurers can’t match. Following are just some of the unique benefits of insuring your valuable articles with Masterpiece.

Itemised cover
This allows you to list items in your collection separately from your contents cover. This way each item you list will be insured for an amount determined by you.

Blanket cover
If you don’t want itemised cover, we can tailor a programme that covers every item under one blanket limit with specified limit per item. So if you have a loss, your valuable item/s will be replaced or repaired up to the insured limit.

Loss in market value cover
If a valuable with itemised cover is damaged and suffers a loss in market value as a result, Chubb will pay for the reduction in market value up to the insured amount.

Pairs and sets cover
Often valuable items form a part of a pair or set. With Masterpiece, if one piece of an itemised pair or set is lost or damaged, we will cover the replacement cost of the entire set. All we need is the remaining piece(s).

Automatic Coverage for New Acquired Items
With Masterpiece, immediate cover for newly acquired valuables is provided for up to 90 days, to a value up to 25% of your existing schedule of itemised valuables.

Optional cash settlement
In the unfortunate event a valuable item is irreparably damaged or lost, you can choose to take cash rather than replacing if it suits you better.

Worldwide cover
With Masterpiece your valuables are automatically covered wherever you take them in the world.