Jonathan Chua

The simple answer is as much as you can. Everyone makes a different amount each month. They also have different financial obligations each month. It is important to realize that one set dollar amount is not going to work for everyone. Here are some basic guidelines you should follow when determining how much you should save each month. Start With 10 percent of Your Income The standard that many experts set is at least 10 percent of your income . This is a good starting point, to save 10 percent of your salary. It is an easy way to start because it is a set amount of money each month. It should not be that difficult to save 10 percent of your income, but you may want to increase this amount over time . Eventually, you can work up to 20 or even 30 percent to increase your savings and plan for your future. Save Beyond Retirement Savings It is important that you are saving in addition to the money you are putting in your retirement savings account. If you do not, you will never sa

If you’ve been in an accident and/or your vehicle has recently been severely damaged (or at least damaged in a way that will cost more than your deductible to repair), one of the first things you did in the days that followed was probably filing a claim with your car insurance company. While you should pat yourself on the back for being a responsible adult and getting through this tough situation, unfortunately, the process of what comes next can be somewhat of a hassle. After you file an insurance claim , you’re hoping to receive enough money from the insurance you’ve paid for to cover the costs of the accident or damage — sounds simple enough, right? Well, the insurance company is also trying to save as much money as possible and not pay you any more than they absolutely have to. What Happens After You File Once you’ve completed the process of filing a claim with your insurance company, a claims adjuster is usually assigned to your case. This person is an employee of the in

There are various risks that we may face during our life time. Accidents, illness or diseases or even death will lead to financial problems and insuring oneself will make the ones financially dependent feel secure. Insurance is something that helps us stay risk free. Even if disaster strikes we would have the financial stability to survive. There are several insurance companies from around the world that provide insurance coverage to the people who are dependent on the insurance holder. Here we present the list of the Top 10 best insurance companies of the world in recent times: 10. Allianz SE 9. Japan Post Holding Co., Ltd. 8. Assicurazioni Generali S.p.A. 7. Munich Re Group 6. United Heath Group 5. Prudential plc. 4. Berkshire Hathaway 3. China Life Insurance 2. Zurich Insurance Group 1. AXA related  Top 10 Largest Insurance Companies in The World source>>

In this comparison table, we compare all Term Life with Critical illness insurance plans in Singapore. While a hospitalisation plan helps to cover the costs of a hospital stay, a critical illness plan provides for post-hospitalisation treatment costs and alternative treatment needs in the event of a critical illness. A lump sum payout from a critical illness plan in your insurance coverage can also play the role of replacing your income and allow you time for recuperation. We consider the following example of a Male, Non-Smoker: Policy coverage till 70 years old S$500,000 Death and Total Permanent Disability (TPD) Coverage S$500,000 Critical Illness Coverage For a Female, Non-Smoker, *With information from www.diyinsurance.com.sg and comparefirst. Figures are compiled on 4th September 2017. **Prices reflected in the table reflect ongoing existing promotions and discounts which are in the knowledge of. Data is generated based on date of birth on 1st January. ***Prices a

It is difficult to compare insurance policies between different companies. To provide transparency, we launched this comparison table so that consumers can compare term life insurance policies across insurers in Singapore and make informed decisions when insuring themselves and their loved ones. There are large price differences between the insurers. This table is updated monthly since we first published in November 2015. We consider the following example of a Male, Non-Smoker: Policy coverage till 70 years old S$1million Death and Total Permanent Disability (TPD) Coverage For a Female, Non-Smoker, *With information from www.diyinsurance.com.sg and comparefirst. Figures are compiled on 4th September 2017. **Prices reflected in the table reflect ongoing existing promotions and discounts which are in the knowledge of. Data is generated based on date of birth on 1st January. ***Prices are not reflected for certain products due to individual product specification limitati

AIA Financial Advisers will begin operations later this year.PHOTO: REUTERS New kid on the block AIA Financial Advisers (AIA FA) is on a hiring spree for agents, with Great Eastern (GE) the latest casualty in the poaching battle among insurers. AIA FA is said to have offered $100 million to entice GE's 400 or so agents - who operate under the so-called Advisors Alliance Group (AAG) - to jump ship. AAG is an agency unit at GE. More than 300 GE agents have apparently decided to join AIA FA, likely making it the biggest one-off act of poaching seen in the insurance sector here. source>>

Mr Lim Yew Seng, 59, is facing a problem with the distribution of his late wife's CPF savings Anyone can draft a will for themselves in Singapore, as long as they meet a list of criteria. A will is a legal document containing instructions for the distribution of one’s assets upon death. Without a will, the distribution of your assets will be handled by the state. Hence, a will ensures that any special wishes you have will be carried out without any confusion or disputes within your family. However, there are a few key points to note for your will to be respected by the law: Register your will with the Insolvency and Public Trustee’s Office Depositing information about your will to the Wills Registry , maintained by the Public Trustee, makes it easier to establish its validity. While the registry does not record the actual contents of your will, testators or the appointed lawyers can submit details such as the location and date of the will. Write a new will after marr

The insurance sector is grappling with the problem of mis-selling of life insurance policies. And, even the Insurance Regulatory and Development Authority (Irda) has asked for advertisements that clearly say the regulator does not announce bonuses. Potential buyers need to do their homework before buying any policy. It is always a tough job to choose the right one. What you need to do is be ready with a set of questions. For example, the first question to ask the agent is – Why should I should buy this policy? This is an important question because it tells you the sales pitch. If it is about saving tax and you don’t have a policy already, there is a case for buying. But if you do have one or more, there is no need to add. And, if the seller peddles higher returns, especially as the market is doing well, it’s best to avoid the policy. source>>

The ABCs of Buying Insurances in Singapore Insurance is important. What is more important is making sure you know the basics so that you can ask your financial advisor the right questions. DollarsAndSense.sg explains the fundamentals worth knowing. The basic idea of insurance is to have everyone contribute an amount and to pool it together into some sort of piggy bank. The piggy bank will be used in the future to pay for the cost of taking care of any of the contributors when he or she falls ill, or gets injured, or whatever else it is designated for. That’s the simplest way of looking at insurance. If you like to know what are the some of the “must-knows” of before buying any insurance, do read a previous article whereby we covered some of the key areas of insurances. r elated: A Must-Read Article Before Buying Any Insurance in Singapore The Myths and Realities of Insurance Insurance Industry Review By MAS: Is It Enough? The fine prints of health insurance Case Study: