Jonathan Chua

Retirement plans may not strike a chord with young investors. However, it is never too early to start saving for retirement. By selecting the appropriate wealth management platforms, including those providing financial protection, one can get a head start in achieving one's wealth goals and securing a comfortable life during their golden years. Investment-linked insurance The relatively modest returns of low-risk products may not match the expectations of younger investors, who tend to prefer fast returns and are willing to bear higher risks in exchange for higher returns. We have observed more young people joining the investment fray in recent years, growing their wealth through monthly investments in stocks, funds and similar products. While it is good for young people to invest early within their means, they should not neglect their own protection needs. Should an unfortunate accident result in the loss of ability to work, this will derail all of one's financial plans, no...

New policies targeting older Singaporeans are hitting the market, but how much value do they add to your coverage? With one in five Singaporeans to be aged 65 and over come 2030, a new group of financial products designed to meet the needs of senior citizens has emerged in the insurance market in Singapore. Earlier this year, NTUC Income launched SilverCare, a personal accident plan aimed at seniors that provides benefits for caregiver training, home care, and home modification, apart from payouts of up to S$50,000 for permanent disability due to accidents, and coverage of hospitalisation expenses. Meanwhile, AIA Singapore offers Prime Assured, a personal accident plan for seniors that reimburses medical expenses and provides a daily accident hospital income benefit. The extras: Coverage for mobility aids if recommended by a physician and also an Alzheimer's or Parkinson's disease benefit of a lump sum payout of up to S$3,000. These policies are meant to addr...

Help ease your financial burden should you contract a serious illness Sometimes, an event happens that has the potential to alter your way of life. Every day, 28 people in Singapore are diagnosed with Cancer+. If you are struck by a critical illness, the medical treatment you require may not be covered in part or in full by your hospital expense plan, and any prescription medication that you may need could amount to a lot of money. You may also wish to seek pioneering or experimental medical treatment. What’s more, the combination of the illness, treatments and medications can often prevent one from being able to work or care for family, resulting in loss of income and unanticipated expenses such as childcare support. Critical illness plans usually offer larger, lump sum cash payments and it’s up to you how you spend the money. Basic critical illness plans in the market provide coverage for 30 common critical illnesses such as cancer, stroke, heart disease and kidney...

Dear Friends and Loved Ones, At AIA, we work to give you an extensive range of life, group and general insurance to best suit your needs. Risk protection is not simply about getting an insurance policy. Rather, proper planning and implementation of insurance strategies can reduce your risk exposure and give you greater peace of mind. AIA can provide a comprehensive review and evaluate your existing insurance policies. We can help you whether you are an individual or a business, and determine the types of insurance solutions appropriate for your exact needs.   Protection (Life and Term plans)   While people don’t plan to fail, most people do fail to plan. Should something unexpected should occur to you, your family may not be able to meet the financial obligations without you.   Critical Illness / Dread Disease plans   If Critical Illness should strike, it may well wipe out your entire savings overnight, especially if it is a prolonged illn...

Dear friends, How much do you know about Critical Illness? And why is it so important that we need adequate coverage?  Here are some alarming facts and figures: 1.    There are 30 Critical Illnesses, with Cancer and Heart Diseases topping the list 2.    Every day in Singapore, 28 people are diagnosed with cancer* 3.    1 in 4 men and 1 in 5 women will contract one of the Critical Illness before age 65 ^ 4.    1 in 9 women will develop Breast Cancer and 1 in 2 men a risk of Cancer by 2022 ^ 5.    Critical Illness hits young and old alike and an increasing number of younger people succumb to cancer these days 6.    With the advances in medical science, many survive a critical illness - but could face financial difficulties. One inevitably will be without a job when contracted with an illness and will be living off savings during the recuperation period. Upon recovery, getting back to the workforce may be ...