DBS changed its Mutiplier plan

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maumu

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okay thanks. it's termProtect.. and it's indeed cheaper than cancercare.

hope the promotions will continue.. missed the 50% one.
 
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Geniex

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If my insurance is showing 11/12 for this month, do i sign up new insurance this month (Jul) or next month (Aug)?

My investment will be 12/12, as long as i signup on 1st aug and before 10 aug it will be safe right?
 
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maumu

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Geniex said:
If my insurance is showing 11/12 for this month, do i sign up new insurance this month (Jul) or next month (Aug)?

My investment will be 12/12, as long as i signup on 1st aug and before 10 aug it will be safe right?
Click to expand...
my understanding is:
- 11/12 for July means you paid your 11th month in June (insurance recognised for following month)
- so you should be paying your last instalment in July (this month)
- so next month August you should see 12/12
- you should cancel before the deduction date for August (I'm not sure how many days in advance to cancel)
- and you should buy the next plan in August (so that in September you'll see 1/12)

is your deduction date 16th (like mine)?

I plan to cancel once the bank & earn summary shows 12/12 (usually by the 3rd of the month).
 
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demoforce1

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maumu said:
my understanding is:
- 11/12 for July means you paid your 11th month in June (insurance recognised for following month)
- so you should be paying your last instalment in July (this month)
- so next month August you should see 12/12
- you should cancel before the deduction date for August (I'm not sure how many days in advance to cancel)
- and you should buy the next plan in August (so that in September you'll see 1/12)

is your deduction date 16th (like mine)?

I plan to cancel once the bank & earn summary shows 12/12 (usually by the 3rd of the month).
Click to expand...
my deduction is on 4th, so needs to email on the 2nd, hope that is enough time.
 
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chiokcc

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maumu said:
okay thanks. it's termProtect.. and it's indeed cheaper than cancercare.

hope the promotions will continue.. missed the 50% one.
Click to expand...
Didn't know DBS also got 50% promo one.

Just wondering if there is any promo on National Day??
 
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sansanjikikut

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If I buy a new Multiplier eligible insurance plan today, will it reflect as 1/12 in August B&E insurance category? Or need 2 weeks buffer for free look period?
 
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maumu

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sansanjikikut said:
If I buy a new Multiplier eligible insurance plan today, will it reflect as 1/12 in August B&E insurance category? Or need 2 weeks buffer for free look period?
Click to expand...
will show up next month (1/12) as long as the premium is deducted this month.
 
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karakorum1999

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item2sell said:
SSB ladder not working already? Did not show up in my Income category
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Credited SSB interests (1st working day of the month) are updated in Income category very early, usually by the 2nd/3rd working day.
So far has worked for me and accurate to the nearest cent without fail for the many months since they recategorised under Income.

Did you get the month wrong?
You can check your “MySSB” with SingPass if you do not keep separate records.
 
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item2sell

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karakorum1999 said:
Credited SSB interests (1st working day of the month) are updated in Income category very early, usually by the 2nd/3rd working day.
So far has worked for me and accurate to the nearest cent without fail for the many months since they recategorised under Income.

Did you get the month wrong?
You can check your “MySSB” with SingPass if you do not keep separate records.
Click to expand...

Yes, it is working in Jun, but in Jul, it is not showing in the Income Category.

But the "Eligible Monthly Transactions" did include the "Missing SSB ladder".


Screenshot-from-2021-07-28-11-21-03.png
 
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karakorum1999

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item2sell said:
Yes, it is working in Jun, but in Jul, it is not showing in the Income Category.

But the "Eligible Monthly Transactions" did include the "Missing SSB ladder".


Screenshot-from-2021-07-28-11-21-03.png
Click to expand...
Are you using the app?
As long as the eligible transactions add up in all categories and it’s stated the interest you’ll be earning correctly, all will be fine.
Yes, I went into the app just now and indeed the Income category did not display the breakdown (salary, ssb, SRS etc.) for July but if you check, the Jun has the breakdown.
The last time I checked (say last week) the July breakdown was there too.. so maybe there’s a temporary bug or technical issue.

Must be your lucky day. Whole month you choose to check only today and the breakdown takes a break lol
 
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ice_angel

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Time to buy new insurance.
Can I check will you guys let the old insurance lapse automatically?
Or need to find an agent to cancel the insurance?

And can I buy the same insurance again?
 
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