Jonathan Chua

Life insurance is one of many types of insurance that are gaining popularities among the working adults of Singapore Insurance can be a very good investment option if chosen carefully and wisely. Infact a good number of professionals and traders in Singapore consider insurance to be the best option for a risk free investment. Life insurance is one of many types of insurance that are gaining popularity among the working adults of Singapore. By investing in a life insurance policy, a person can effectively transfer the financial risks of dying early and ensure guaranteed payout for the family members who might otherwise be left in some sort of economic turmoil. Most life insurance policies have cash value attached, which means the premiums are greater at the start of the policy than they would be in a term policy. The excess premium is invested in a separate account by the insurer for building up the cash value. As most insurers are experienced and skilled investors,...

Insurers to combat fraudulent claims A group of insurance professionals is forming a working group to find ways to combat fraud, especially exaggerated and inflated motor claims. The group, which will be formed in the coming months, will be made up of representatives from the General Insurance Association of Singapore (GIA) and its members, and aims to tackle the problem in a structured and systematic way. GIA president Derek Teo said in an interview with The Straits Times that although the industry has made progress in fighting certain aspects of insurance fraud, there are still loopholes to be closed. source>> Singapore steps up efforts against fraudsters At least  3 masterminds of motor insurance fraud scams were sentenced to jail over the last 2 years, says MAS. In a welcome address delivered by  Luz Foo, Executive Director, Monetary Authority of Singapore at the GIA Combating Insurance Fraud Seminar yesterday (July 25), the official boa...

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...