Category — Insurance
Group Insurance Schemes
This is a common question about group insurance schemes. “I am provided with a group insurance and group H&S (Hospitalization and Surgery) scheme by my employer. Isn’t that sufficient to cover me?”
Group insurance is usually given as a basic cover by employers. Employers give such benefits to attract and retain staff. Also it is better to incur some expenses in order to pay for injuries, disability or death when something happens, rather than the employees come asking for money when they can’t pay.
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March 2, 2009 Comments Off
The Importance of Insurance
Last December, a landslide hit my friend’s house and it really brought home the importance of insurance cover. While I’ve done claims including medical claims as well and cancer claims, this is the first time there were several different types of claims, all at the same time. The claims included medical claims for my client and the children who were injured, a death claim as well as insurance on property.
As a result of this experience this is what I’ve observed and learned. [Read more →]
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February 10, 2009 Comments Off
Should I Buy Medical Insurance
Should I buy medical insurance when I’m already covered by my employer? This is a common question I get and I understand why you might ask it.
There are 2 things on your mind. First, should I pay my own money for something I might not need until I retire and secondly, should I depend on the company cover? These are 2 main consideration. [Read more →]
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July 28, 2008 Comments Off
Investment Linked Funds Performance
Just went through the annul report for investment linked funds for 2007. This time, Prudential sent the annual report in CD format instead of a small thick book. Apparently, quite a few other insurance company also sent out CD versus hard copy version.
For all those customers who have neither the time or interest to look through the full report, the summary is below. Off course those who like to know every single detail i.e. which company Prudential invested in, the NAV, year on year returns etc can look at the full report. The figures below are for a 1 year period ending 31 December 2007.
PRUlink equity fund +27.82%
PRUlink bond fund +4.41%
PRUlink managed fund +20.71%
PRUlink managed fund II +22.69%
PRUlink dana unggul (equity) 33.73%
PRUlink dana aman (bond) 4.32%
PRUlink dana urus (managed) +24.90%
PRUlink Asia managed fund +16.23%
PRUlink golden equity fund +5.27% (launched on 27 Nov 2007)
PRUlink golden bond fund +0.17% (launched on 27 Nov 2007)
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June 30, 2008 No Comments
Don’t Buy Insurance To Cover This
Folks, insurance tends to be a serious matter. Sometimes there is mistakes and humor involved. Now most of us recognize the importance of having different types of insurance cover for different risk i.e. life, medical, accident, fire etc.
However, I don’t think we need (or want) coverage as shown in the advertisement below.
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June 13, 2008 No Comments