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Under-Insured Insurance Agent?

Sunday’s edition of TODAY carried an interesting article which described the story of an insurance agent who battled and won various health catastrophes. The article is available online.

There is no doubt that she, along with many other insurance agents, would be using her story as an example to highlight the importance of insurance, which I agree – her experience certainly tells us the importance of insurance. What they would not say is that this is likely an ironic case of an insurance agent being under-insured.

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Helping Yourself Where Politicians Can’t or Won’t – Healthcare

New Minister for Health Gan Kim Yong

It has been weeks since Polling Day and the dust from Singapore’s latest General Election has settled, but local issues and national concerns naturally do not change overnight.

Healthcare remains a pressing issue for many Singaporeans who are facing the brunt of the high costs of healthcare. All you have to do is to browse a few local sociopolitical websites and you can read articles about high costs of healthcare or the inefficiencies of subsidised healthcare, and many accompanying comments, often bitter and sarcastically referencing outgoing Minister for Health Khaw Boon Wan’s $8 out-of-pocket surgical expenses.

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Tokio Marine Maintains Annual Bonus Rates… For 48th Year in a Row!

Tokio Marine Life Insurance Singapore has sent out updates on its Participating Fund performance and has maintained bonus rates for its Participating policies.

For the uninitiated, when you purchase a Participating policy such as a whole life policy or an endowment savings policy, the insurer illustrates a projected return you would get at a certain assumed rate of investment return of the insurer’s Participating Fund. Simply put, if the insurer maintains (and hence does not reduce) the annual bonus rate for the duration of your policy, you would receive the amount stated on the documents which your agent has showed you when he/she first sells you the policy.

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Remembering My Grandfather

My grandfather passed away last Monday and was cremated on the Friday that followed.

We were not close when he was healthier, and hardly ever spoke. Towards the end he became increasingly sickly, seemingly withering out of this world and becoming oblivious to people. I didn’t speak to him then. Eventually, he passed on and everyone choked on tears, bidding their last farewells. I didn’t say anything either.

I forgot when it happened, but I will always remember a time when we were both much younger and out together one afternoon, and he bought me the latest Sonic video game just because I stopped to look. I guess we didn’t really need to say much to each other. I shall silently keep him in my memories.