Financial Focus

This latest offer is a cancer-only term cover up to age 70. Claim up to 5 times for early stage cancer diagnosed on different affected organs. More information is available here.

CancerCare focuses on the no. 1 killer disease in the world which is known to have a higher probability of recurrence. Hence if you were to contrast this with similar products from Prudential & ...

Fresh from the oven?. this term plan which covers till age 75 pays out in tiers, based on severity of the medical condition / critical illness.

Key differences are that:

1) In the case of Major Cancers, Early-Payout CriticalCare will provide a payout upon the diagnosis of Carcinoma-in-Situ (Stage 0 of Cancer) across 15 body sites.

2) Multiple claims across critical illnesses or progressive claims of the same critical illness without any waiting period are allowe...

The Central Depository (CDP) has lowered the minimum age for trading of shares in Singapore from 21 to 18. This change follows a recent amendment involving contractual age, which saw the age at most contracts are binding and enforceable against a minor being lowered to 18.

Hence for all new third party policy applications where parent takes a life policy insuring his child, the child has to be below the age of 18 years old. This change takes immediate effect.

– From April, members need only to have CPF balances of at least the prevailing Minimum Sum instead of 1.5 times before being allowed to top-up someone else’s account.

– From May, investors must keep at least $30,000 in their Special Account on top of the current minimum $20,000 in Ordinary Account before the excess can be used for investments.

– From June, Medisave withdrawal limit will be raised.

– From A...

The Securities Investors Association of Singapore (SIAS) will be working with financial institutions to establish a risk rating on all structured products. It will also create a standard questionnaire to help investors judge if such products are suitable for them. These initiatives will be implemented soon.

Findings from an annual consumer attitude to saving survey revealed that Singaporeans were the second-most risk averse investors among 25 countries and territories. They...