HWZ Forums

Login Register FAQ Mark Forums Read

DBS changed its Mutiplier plan

Like Tree103Likes
Reply
 
LinkBack Thread Tools
Old 06-07-2019, 10:54 AM   #2266
High Supremacy Member
 
Join Date: Aug 2011
Posts: 27,007
Bank and earn page is working for me now
highsulphur is offline   Reply With Quote
Old 06-07-2019, 11:00 AM   #2267
Member
 
Join Date: Apr 2006
Posts: 392
Did you choose the shortest tenure for 150k?
Thanks. I asked for the cheapest and the staff quoted me this amt. I'll try another branch and asked for shortest tenure. Do u know what's the shortest tenure? Haiz. I think he doesn't want to do business since premium so little.

Sent from Xiaomi POCOPHONE F1 using GAGT
koolkool is offline   Reply With Quote
Old 06-07-2019, 11:24 AM   #2268
Supremacy Member
 
Join Date: Dec 2005
Posts: 7,472
I went to a DBS branch and asked for the manuProtect Decreasing Lite. The staff quoted me $40+ per month premium. How did u guys get $10-$15 per month?

Sent from Xiaomi POCOPHONE F1 using GAGT
Since I have no outstanding loan, I got the ManuProtect TermLite instead.

Ask the agent for a quote. They can cater the insured amount to give you the monthly premium you desired.
chiokcc is offline   Reply With Quote
Old 06-07-2019, 11:30 AM   #2269
High Supremacy Member
 
Join Date: Aug 2011
Posts: 27,007
Since I have no outstanding loan, I got the ManuProtect TermLite instead.

Ask the agent for a quote. They can cater the insured amount to give you the monthly premium you desired.
It doesn't matter if you have any outstanding loans or not
highsulphur is offline   Reply With Quote
Old 06-07-2019, 11:31 AM   #2270
Supremacy Member
 
Join Date: Dec 2005
Posts: 7,472
Thanks. I asked for the cheapest and the staff quoted me this amt. I'll try another branch and asked for shortest tenure. Do u know what's the shortest tenure? Haiz. I think he doesn't want to do business since premium so little.

Sent from Xiaomi POCOPHONE F1 using GAGT
The agent who attended to me said many new customers were looking to get insured partly due to the new tier requirements, so the agent was quite well versed when I stated my intention, and gave me a list of options quite fast.

Everything is done on iPad, and took me about one hour to complete as I am an existing DBS/POSB customer
chiokcc is offline   Reply With Quote
Old 06-07-2019, 11:33 AM   #2271
High Supremacy Member
 
Join Date: Aug 2011
Posts: 27,007
Thanks. I asked for the cheapest and the staff quoted me this amt. I'll try another branch and asked for shortest tenure. Do u know what's the shortest tenure? Haiz. I think he doesn't want to do business since premium so little.

Sent from Xiaomi POCOPHONE F1 using GAGT
I can recommend someone from Parkway branch if you are nearby. He helped me and knew why I was buying (for multiplier)
highsulphur is offline   Reply With Quote
Old 06-07-2019, 11:55 AM   #2272
Senior Member
 
Join Date: Jan 2007
Posts: 1,170
I went to a DBS branch and asked for the manuProtect Decreasing Lite. The staff quoted me $40+ per month premium. How did u guys get $10-$15 per month?

Sent from Xiaomi POCOPHONE F1 using GAGT
Let them know you want the below.

spearhawk is online now   Reply With Quote
Old 06-07-2019, 12:26 PM   #2273
Member
 
Join Date: Apr 2006
Posts: 392
Thanks Spearhawk, highsulphur and chiokcc for all your help. Managed to get the insurance done just now at another branch. Lots of questions asked and spent a while in the bank. But I think I forgot about the advice here and signed up to pay annually not monthly.

Sent from Xiaomi POCOPHONE F1 using GAGT
koolkool is offline   Reply With Quote
Old 06-07-2019, 12:43 PM   #2274
High Supremacy Member
 
Join Date: Aug 2011
Posts: 27,007
Thanks Spearhawk, highsulphur and chiokcc for all your help. Managed to get the insurance done just now at another branch. Lots of questions asked and spent a while in the bank. But I think I forgot about the advice here and signed up to pay annually not monthly.

Sent from Xiaomi POCOPHONE F1 using GAGT
I did annually too with cash option so I won't be renewing
highsulphur is offline   Reply With Quote
Old 06-07-2019, 12:45 PM   #2275
Senior Member
 
Join Date: Sep 2003
Posts: 909
What is the difference between pay annually vs monthly? Thanks

Sent from Xiaomi MI A2 using GAGT
a4973 is online now   Reply With Quote
Old 06-07-2019, 01:05 PM   #2276
Senior Member
 
Join Date: Jan 2007
Posts: 1,170
What is the difference between pay annually vs monthly? Thanks

Sent from Xiaomi MI A2 using GAGT
Annually slightly cheaper, but monthly allows you the flexibility to cancel early if DBS multiplier tncs changed anytime to be less favourable.
spearhawk is online now   Reply With Quote
Old 06-07-2019, 01:19 PM   #2277
High Supremacy Member
 
Join Date: Aug 2011
Posts: 27,007
Annually slightly cheaper, but monthly allows you the flexibility to cancel early if DBS multiplier tncs changed anytime to be less favourable.
If you do monthly, must remember to cancel giro after 12 months?
highsulphur is offline   Reply With Quote
Old 06-07-2019, 01:24 PM   #2278
Senior Member
 
Join Date: Sep 2003
Posts: 909
Annually slightly cheaper, but monthly allows you the flexibility to cancel early if DBS multiplier tncs changed anytime to be less favourable.
For annual payment there should be proration if cancel early?

Sent from Xiaomi MI A2 using GAGT
a4973 is online now   Reply With Quote
Old 06-07-2019, 02:07 PM   #2279
High Supremacy Member
 
Join Date: Aug 2011
Posts: 27,007
For annual payment there should be proration if cancel early?

Sent from Xiaomi MI A2 using GAGT
I think would have like all insurance premiums
highsulphur is offline   Reply With Quote
Old 06-07-2019, 04:08 PM   #2280
Member
 
Join Date: Sep 2006
Posts: 133
I did annually too with cash option so I won't be renewing
Correct me if I am wrong, if you paid it annually, wouldn't the deduction be one time only? How are you going to meet the multiplier requirement for the next 11 months?
o2atom is offline   Reply With Quote
Reply
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ. Forum members and moderators are responsible for their own posts.

Please refer to our Terms of Service for more information.


Thread Tools

Posting Rules

Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are On