How to Lower Your Car Insurance

How to Lower Your Car Insurance

  Car insurance is notoriously expensive in Singapore. Ask any driver in Singapore and they will remark that the cost of their car insurance alone could probably be used to afford more than 10 trips to the petrol station. With car prices being so pricey, how then do we lower our car insurance premium? Age and Driving Experience  Younger drivers and or new drivers pay more for their car insurance. This is because they are less experienced and mature on the road, which tends to lead to accidents on the road. Younger or inexperienced drivers could perhaps wait a few more years before getting a car.    Alternatively, young drivers can try to fit into their family’s car insurance so that the premium would be averaged out by the more…
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Does Your Car Insurance Plan Offer Comprehensive Coverage?

Does Your Car Insurance Plan Offer Comprehensive Coverage?

    Owning a car in Singapore is undoubtedly expensive, so it is even more essential to have a comprehensive car insurance plan which can offer you the widest and most comprehensive protection and coverage in order to protect your own safety and wellbeing, as well as your financials as well, in the event of any accidents.    How do you know if your Singapore car insurance plan has widespread coverage and can protect you sufficiently? With so many factors to take into account, it can be challenging to do so. Now, let us go through some of the benefits and coverage offered by some Singapore car insurers so that you can evaluate which car insurance plan is the most suitable for you.    Windscreen/Window Damage    This is one…
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What To Take Note Of When Purchasing Car Insurance

What To Take Note Of When Purchasing Car Insurance

    Have you recently purchased a gleaming, brand new car? With COE premium prices climbing incessantly, buying a car is a luxury and also the best mode of transportation, offering unbeatable comfort, privacy and convenience.    What’s next after buying your latest car? Car insurance, of course! If you are currently on the lookout for the cheapest or the best-value car insurance plans offered in Singapore, you may be confused at all the variation and difference in the perks, features and benefits offered by different insurers and providers. True enough, it is rather challenging to even get an accurate quotation of the car insurance which you are most suited for, because most insurance providers require you to input a variety of factors. So many factors could play a part…
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Two Reasons Why Travel Insurance Is Important in 2022

Two Reasons Why Travel Insurance Is Important in 2022

  Summer is around the corner and you are ready for an adventure. With borders opening up and tourism booming once again, many of us are dying to pack our bags and escape. Countries all over the world are relaxing both their domestic and cross-border measures. If you've waited for over two years to satisfy your wanderlust, the time has finally come.    Currently, over 180 countries are open to fully vaccinated Singapore tourists, quarantine-free. These include popular destinations like Bali, Seoul, Tokyo, and London. You can enjoy the rice fields of Indonesia and the lines of stores at Myeongdong once more.    Yet, it is important to note that travel insurance now is more important than ever. It may be easy to forget that the coronavirus is still present…
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A Case for Saving Accounts

A Case for Saving Accounts

We have all heard of financial gurus chanting about how putting your money into a savings account is bad and probably no different from putting them into a biscuit tin under your bed. That is true to some extent. If you follow any financial advice, they will encourage you to put your money into index funds, bonds or any high yield financial products. However, you cannot just put all your money into investments. You will still need to have a savings account to keep some petty cash and emergency funds.  A traditional savings account provides little to no interest and your money will slowly erode with inflation over many years. Therefore it is important to find the best savings account, that brings you the most benefits. Here are some examples.…
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Best Savings Accounts in Singapore

Best Savings Accounts in Singapore

A savings account is something that needs no introduction, but finding the best savings account is indeed not a simple task. Many savings accounts offer a myriad of benefits to help you grow your cash, but identifying one which is best suited for you and your needs would prove to be slightly more challenging. How to Look For The Best Savings Account For You  So, you may be wondering – how should I go about learning about which savings account is the best for me?  Start by having a deeper understanding into the various features of a typical savings account.  Effective Interest Rate  One of the most important factors when it comes to choosing a savings account would surely be its effective interest rate, as this is what matters when…
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Buying Your First Critical Illness Insurance

Buying Your First Critical Illness Insurance

Critical illness insurance is often overlooked as people believe that their current healthcare plan is sufficient for any situation. Of course, simple healthcare insurance can be adequate, given that we have Medisave and can purchase Medishield coverage using our Medisave. However, what if the medical fees go beyond what your healthcare policy covers? Rehabilitative costs and high treatment costs will put a strain on your finances.    Do You Need One? It depends. There are many individuals that do not have a critical illness plan and there is a fair chance that they will never need it. If you are a wealthy individual who can afford the cost of treating critical illnesses, you will be fine without one.    If you wish to have a peace of mind, getting a…
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Critical Illness Insurance – Why You Need It

Critical Illness Insurance – Why You Need It

Critical Illness (CI) insurance is a policy which typically has a lump sum payout when the person insured is diagnosed with a critical illness. It is one of the most common and also essential plans to have, in order to be financially protected with adequate coverage in the case of such an event.  Which critical illnesses would be covered?   There are so many critical illness insurance plans out there. You may be wondering what exactly are the critical illnesses that are covered under most policies offered by the insurance providers in Singapore. You could take a look at the following list, extracted from the Life Insurance Association Singapore (LIA).    1 Major Cancer  2 Heart Attack of Specified Severity  3 Stroke with Permanent Neurological Deficit 4 Coronary Artery By-pass…
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3 Misconceptions About Critical Illness Insurance Plans

3 Misconceptions About Critical Illness Insurance Plans

Critical Illness (CI) insurance is a policy which typically has a lump sum payout when the person insured is diagnosed with a critical illness. In this article, we cover some of the most common misconceptions about critical illness insurance plans and explain some of the most beneficial features which some plans offer to bridge that gap.  It’s So Hard And Cumbersome To Apply For Critical Illness Insurance Plans   Many of you may think of the insurance buying process as cumbersome and difficult. This especially applies to critical illness insurance plans as many of them may require you to undergo health screenings before you can purchase the plan. Buying insurance also seems to be troublesome as you would usually have to arrange for meetings with a financial advisor before the…
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