According to Ministry of Health, Additional Withdrawal Limits is to help Singaporeans pay for part or all of their Integrated Shield Plan (IP) premiums using Medisave. And according to CPF, The MediSave withdrawal limits are imposed to conserve members’ MediSave savings from being depleted too fast for their future hospitalisation needs. (more…)
According to Straits Times article, (PUBLISHED SEP 29, 2020, 6:00 PM SGT) MediShield Life premiums may rise by up to 35% next year, which is under proposed changes. This will be the first increase in premiums for the compulsory health insurance since its launch five years ago. At the upper end, the proposed hike will exceed $500 a year. In the article, it also states that, all Singaporeans will receive a 70% subsidy on the increase. This goes down to 30 per cent in the second year. With the increase of MediShield Life premium, it also comes with more coverage and benefits, to cover more and larger hospital medical bills. (more…)
According to Ministry of Health (MOH) Principal Causes of Death statistic for year 2017-2019 on the top of the chart is cancer. (source: https://www.moh.gov.sg/resources-statistics/singapore-health-facts/principal-causes-of-death) (more…)
Ms Angeline Alexander, head of high net worth and affluent customer segments at Prudential Insurance Singapore, recently spoke to Money FM 89.3 host Rachel Kelly on Prime Time, and explains why the downturn is a good time to take stock. Click on the article below to find out more. (more…)
Retirement planning is about having a product or a plan that will gives you a stream of guaranteed income when you retired, no matter where you are, what you do or what condition you are in. (more…)
The government’s circuit breaker measures will start tomorrow. Most shops will be closed, dining establishments which are open will only offer take outs or delivery. Most of us will be working from home while our students will start home based learning the day after.We are entering a very difficult phase. If we cannot flatten the COVID-19 curve, we will end up with DORSCON Red. We do not want that, do we? Please follow the measures so we can overcome this COVID-19 pandemic together. I know it is very difficult but our best contribution in this fight is to STAY HOME. For the elderly, this is most advisable – Senior Minister Goh Chok Tong (06 April 2020)
Many workplaces in Singapore have implemented work-from-home (WFH) measures as to lower human traffic in Singapore. In order to further reduce the risk in local transmission of COVID-19, Covid-19 Circuit-Breaker measures had been implemented. During Covid-19 Circuit-Breaker period, many companies and businesses must conduct their business and services through telecommuting from home. (more…)
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I hope you and your loved ones are well in these extraordinary times. Due to Covid-19 many companies had been asked by Ministry of Manpower to adopt flexible-work or work from home (WFH) only arrangements, including my business. Let us stay safe and united to keep business as usual, we are all in this together. And most importantly is to stay healthy while we are working from home (WFH) during this pandemic period. (more…)
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Very often financial consultant generally encourage you to set aside 6 months’ worth of your living expenses as a personal and/or family emergency fund, in case unforeseen situation happened in your life. But is 6 months of emergency fund really enough during Covid-19 pandemic? (more…)
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According to Straits Times on 24 March 2020, Singapore residents or long-term pass holder who leaves Singapore from March 27 2020, will also not be able to claim from MediShield Life or Integrated Shield Plans for Covid-19 related treatments (more…)