Insurance – Page 2

Insurance Made Simple – Cost of Insurance

What is the “Cost of Insurance”? © Wee Khai Wee Khai is an avid soccer player, who is also a finisher of 12 half-marathons and 3 full marathons.

Insurance Made Simple – What Is Insurance (I)

Insurance is like the rails of the bridge. It prevents you from falling over, ensuring you eventually get to where you want to go to. © Wee Khai Wee Khai is an avid soccer player, who is also a finisher of 12 half-marathons and 3 full marathons.

CompareFIRST & Direct Purchase – Might Good Intentions Go Wrong?

Come 7th April 2015, MAS will launch an online platform, CompareFIRST, to allow consumers to make comparison and make informed decisions prior to purchasing life insurance products. At the same time, Direct Purchase Insurance will be made available with all insurers to allow consumers who do not need financial advice to purchase life insurance productsContinue reading “CompareFIRST & Direct Purchase – Might Good Intentions Go Wrong?”

PK: SAF Group Term Life vs Term Protector

Have you always heard about Aviva SAF Group Term Life Insurance being one of the best around? In line with the recent discussion, I have done a practical comparison for an easy analysis. These are the findings… Scenario: 30 Year Old, Non-Smoker, who wants to get covered for $1mil till Age 65 SAF GTL (ToContinue reading “PK: SAF Group Term Life vs Term Protector”

What Is Insurance?

The transfer of risk is the basis of all insurance. What risks? The risk of significant potential loss or financial consequences in exchange of a premium. Who takes on the risk? Hence insurance companies act as the intermediaries to pool premiums together to insure against a specific loss. For instance, businesses can insure their premisesContinue reading “What Is Insurance?”