Jonathan Chua

When a customer took up a home loan from a bank, he will be entitled to first year free fire insurance. For this free fire insurance, what does it cover? Generally, it only covers the structure of the property.This means that if your property structure is severely damaged (non liveable condition) then you are able to claim up to the current valuation of the property.The claim rate for this kind of insurance is extremely low as Singapore is a very safe country with no natural disaster or terror attack that will eventually destroy the entire structure. Take note that some fire insurance exclude natural disaster claim. Some banks are being more generous. Besides the fire insurance, they also provide home content insurance for their customers. Home content insurance will pay for the damage or loss of customers' possessions located within the house. Usually the coverage for home content insurance is from $5,000 to $10,000 Mortgage insurance covers the life of the insured. Sho...

Investing is good, but think health over wealth The Sunday Times Wednesday, Oct 16, 2013 Central Provident Fund (CPF) savings are used by Singaporeans for various areas such as housing, investment, insurance, health-care expenses and education. The Sunday Times is embarking on a four-part series on CPF to help readers better understand its different aspects and examine how Singaporeans can best use their CPF money. Today, we begin by looking at how those aged below 35 can use their CPF funds wisely. Ask Singaporeans what CPF stands for, and expect tongue-in-cheek replies such as Cash Prior to Funeral or Coffin Purchase Fund. Source>> Make your CPF funds work harder for you Rachael Boon The Straits Times Tuesday, Oct 22, 2013 You are at the point where you may have been working for more than 10 years, have gotten married, there's a child or two and you are not too stretched with the mortgage. So what next? Well, it might be time to look at maxi...

For parents, protecting their children is second nature. The lengths you would go to keep your children safe know no bounds, and you would readily sacrifice your own well-being to ensure theirs. Yet many well-meaning parents overlook the importance of obtaining a life insurance policy that will ensure their spouses and children are taken care of if the worst should happen. Since nobody likes to contemplate their own mortality, life insurance decisions sometimes get put off or ignored. If you find yourself among the many who have yet to address their life insurance needs, can you really afford to wait any longer? Finding a life insurance policy that works best for you is fast and easy, and it's a simple step you can take to ensure that your family is protected. If you don't know what life insurance options are available, or how much they cost, there's a very simple place to start. My aim is to work tirelessly to find the best prices. In additi...

First of all, congrats on your pregnancy and your upcoming bundle of joy. Secondly, I apologize for the unsolicited nature of this message given that we have never met before. I'm a baby and child insurance specialist. I have helped a few expectant mommies with a prenatal plan that protects them against pregnancy complications. It even extends cover to the child and protects against congenital abnormalities. What's more, it covers births conceived though IVF and covers up to twins. It is also a savings plan, which the mother can transfer to her child upon birth, with no medical underwriting, thereby ensuring the child has whole of life cover without any exclusions and savings for his/her education. The mommies have benefitted from this plan as they can enjoy greater peace of mind, knowing that financial assistance is at hand should the unexpected happen during pregnancy or after childbirth. If this plan is something you may be interested in, do drop me a repl...

Picking the best plan need not be a painful or costly exercise with the right approach Insurance is one of those things we all feel we need, yet many people plonk it in the to-do basket and promptly forget about it. And it's not as if it's hard to find a reason to put off dealing with insurance: It's complicated, it looks expensive and the returns can look thin and a long way off. Tackling some of those perceptions is one of the drivers behind a major review of the industry announced by the Monetary Authority of Singapore last month. The Financial Advisory Industry Review will look at key aspects such as educational requirements of financial advisers, corporate governance and how agents and advisers are paid for their services. One of the review's key objectives is to lower costs for consumers so that more Singaporeans can take up insurance. There have been many surveys that show how under-insured Singaporeans are. In AIA study last year found ...