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Insurance
At InterestGuru.sg, we believe that financial knowledge should be freely and easily available to the general audience. We believe in empowering our reader towards making an informed financial decision. Understand the various sections of Insurance policies and how proper insurance and investment planning enable you to fulfil more in life.
When you realise an urgent need for insurance, it is probably too late to get it.
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Understanding your insurance policies (Part 2 of 2)
There are some stories recently about insurance companies paying lesser than what is expected by their clients. Were the financial returns justified, or is it just a case of mis-selling by the financial advisers?
Compare insurance policies and plans across insurance companies
Before committing to an insurance policy, it certainly pays to make an effort to compare. Why regret only years later, when you find out that you are not getting the best insurance policy available for the premium paid?
Endowment Savings Plans: Is it the best option for wealth accumulation?
Just like any other financial products, an Endowment and Saving Policy comes with its own risks and disadvantages.
Integrated Shield Plan: How does it works? (Updated)
Hospitalisation and medical coverages can be broken down into 3 main parts: MediShield Life, Integrated Shield Plan and Integrated Shield Plan rider. At no point in time, will there be OVERLAPPING of coverages with either of the 3 parts…
Should you pay your insurance premium monthly or yearly?
If you have the financial budget to choose between paying your insurance premiums monthly or yearly, which one should you choose?
Your Guide to ElderShield Plan
ElderShield is a severe disability insurance scheme providing basic financial coverage to individuals requiring long-term care. ElderShield provides a fixed monthly payout to cover expenses up to a maximum of 72 months.
How does a whole life insurance plan work?
Whole Life plans provides health and protection coverage in the earlier stages of your life, with an option to cash out a lump sum or receive regular income after retirement.
Saving Plans And Endowment Policies: How does it work?
Endowment and Saving Policies: A life insurance with saving elements that pays out a lump sum after a specific tenure (maturity) or upon death.
Insurance riders: Do I need them and are they worth paying for?
Your financial advisor may have proposed add-on insurance riders for the insurance policies that you are taking up with them. Are the riders useful to your overall Insurance Portfolio and what type of riders do you need?
Aviva MyRetirement (The entire product range)
Aviva has just refreshed their range of retirement products with the inclusion of Aviva MyRetirement Choice. This brings the total available retirement policies available from Aviva to 3.
Integrated Shield Plan: 4 things you should be aware of
4 things that your Integrated Shield Plan doesn't covers on its own. Understand why an Integrated Shield Plan and rider is important but not sufficient to entirely cover all your health and protection needs.
An introduction to Mortgage Insurance
A Mortgage Reducing Term Assurance (MRTA) with reducing coverage, is usually taken as premium are lower compared other types of protection and health coverage.
An Introduction to Whole Life Insurance Policy
Whole Life Insurance provides coverage for life with add-on riders to cover for early critical illness, critical illness and other insurable events. Some policies allow cash accumulation with options for conversion into an annuity with…
An Introduction to Retirement Plans and Annuity Policies
An annuity policy offers a minimum guaranteed monthly income either for life or a fixed number of years. Premium is paid over a pre-determined number of years or until age 65 to 70. The length of payout and duration of payout can be…
An Introduction to Saving Plans and Endowment Policies
Commonly referred to as a regular saving plan, Saving and Endowment policies allow future financial goals or objectives to be met with basic insurance coverage. Various riders can be added to enhance the policy in the event of death,…
An introduction to Disability Income Insurance Policies
Disability Income insurance policies pay out on a monthly basis up to 80% of your average monthly salary in the event that the insured is unable to work as a result of an accident or illness. As the purpose of the income is to ease…
Investment Linked Policy: Is it the best option?
Just like any other financial products, an Investment Linked Policy (ILP) comes with its own risks and disadvantages.
An introduction to Personal Accident Policies
Accidents can strike anytime and no one can be fully prepared for it. With Personal Accident policies, you can get yourself and your family covered when an unfortunate accident occurs.
Surrender your Insurance Policies: Make it the last option
Understand the options available before surrendering your insurance policies to prevent heavy financial loss.
An Introduction to Investment Linked Policy
An Investment Linked Policy (ILP) have both life insurance and investment components. Your premiums are used to purchase units in an Investment Linked sub-fund(s) of your choice. A portion of the units you purchased are then sold to pay for…