based on your info, you've already paid your 12th instalment last month (May). So you should cancel it after 7 June. then you apply again this month and it'll be counted for next month's interest.
I only paid 11 times as of May 2021, there was no deduction in the first month (Jul 2020) because I had to pay to start the policy.
Look in your app. See the earn n spend under insurance.
erm, once you pay the first instalment (in June 2020), it's counted already as 1st payment, which is reflected as 1/12 in July 2020. at least that's the case for me.
11/12
It is also the case for me.
Then June will be 12/12 (confirm once deducted)
mine is 11/12, so I need to purchase new insurance next month, is it?
this month already June
11/12 in May? or June after the deduction of premium?
if 11/12 in May then 12/12 in June. So need to buy new policy in Jun so that 1/12 in Jul.
Eh if 12/12 premium in June. Which will count for Jul interest.
Think x/12 refers to the month it is being recognised rather than charged.
I got a quotation for term protect for a sum of 75k 5Y and it cost only 11/mth. There's no min premium right to qualify for Multiplier tier?
Total transacted amount across all categories.
Is it true? Then can pay single premium and count for 12 months?
Yes. That's what i did. Best pay is don't have to cancel and just it lapse after 1 year
Better not pay 1 year. In case DBS Multiplier changed their rates and you want to terminate earlier than 1 year. Touch wood.
how do you get the quote, you go to the posb/dbs branch?
