Getting started with insurance

[Mr. Wood]

Severe stage as define by the definition. Its is not define buy the cancer stages. No insurer will tell u which stage cancer belongs to which severity. Claims will depends on the doctor memo or the medical report to determine accordingly.

thks for reply.

if doctor report says it is "advance stage" cancer, did not say whether it is "severe" or not, so does it mean the 1st policy can claim, but the 2nd cannot claim?

LIA definition is "severe stage" of critical illness
https://www.lia.org.sg/media/2160/m...framework-2019_lia-definitions-for-37-cis.pdfthe 1st policy worded it covers "advanced stage critical illness"
so, my original question is:
does the policy pays out when it is diagnosed with "advanced severe stage" cancer?

 

[boredboiboi]

thks for reply.

if doctor report says it is "advance stage" cancer, did not say whether it is "severe" or not, so does it mean the 1st policy can claim, but the 2nd cannot claim?

LIA definition is "severe stage" of critical illness
https://www.lia.org.sg/media/2160/m...framework-2019_lia-definitions-for-37-cis.pdfthe 1st policy worded it covers "advanced stage critical illness"
so, my original question is:
does the policy pays out when it is diagnosed with "advanced severe stage" cancer?

It depends on the spread of the cancer cell. U can read the explanation of each stage by the insurer.
There is a detailed definition for early, intermediate and severe stage.
Have u gotten the plan? If u have, they will send u the detailed definition and the documents u sign. If not, u can ask the agent to show u the detailed definition.

 

[recruit]

Can anyone provide a quotation for ECI plans:
Male, 34, non-smoker, cover until 70, lump sum payout?

 

[boredboiboi]

Can anyone provide a quotation for ECI plans:
Male, 34, non-smoker, cover until 70, lump sum payout?

Yes but u only want standalone? Dont want to tag to a term plan? Tag to a term plan is a better deal or even cheaper than a standalone eci plan.
34 is next or last birthday? And how much eci coverage?

 

[recruit]

Yes but u only want standalone? Dont want to tag to a term plan? Tag to a term plan is a better deal or even cheaper than a standalone eci plan.
34 is next or last birthday? And how much eci coverage?

34 is this year. I’m thinking either 150k or 250k coverage depending on how much it costs.
Don’t mind with a term plan if it can be cheaper.

 

[boredboiboi]

34 is this year. I’m thinking either 150k or 250k coverage depending on how much it costs.
Don’t mind with a term plan if it can be cheaper.

34 is this year but birthday over already? That is why i ask. Or maybe u wan give me the year and month of the dob for more accurate quote? I will quote for u term plan. Depending on cost, or maybe u wan tell me your budget so i can adjust accordingly if both the quote burst ur budget.

 

[owenowenno]

Hi would like a quote
For 21 ANB ,born end JAN 2001, male non smoker pay 20 years WL 100k + ECI100k + CI 100k ,multiplier x2. also multiplier x3 both till 70.
With emphasis on Liberal definition on ECI,as i wish to have some policy similar to below image where making a claim will not be subject to dispute and wish to have ECI+ CI cover as many conditions but can ignore any juvenile conditions

Is it possible to rank the quotes comparing total premium paid versus surrender guaranteed payment 30/40 years later.(I take projected 3.0/4% returns with a pinch of salt)

 

[boredboiboi]

Hi would like a quote
For 21 ANB male non smoker pay 20 years WL 100k + ECI100k + CI 100k ,multiplier x2. also multiplier x3 both till 70.
With emphasis on Liberal definition on ECI

Cannot be done. Eci + ci cannot be more than base death/tpd.
And what u mean by liberal definition on eci?
Note: ci - late stage illnesses,
Eci - all stages illnesses

 

[owenowenno]

Cannot be done. Eci + ci cannot be more than base death/tpd.
And what u mean by liberal definition on eci?
Note: ci - late stage illnesses,
Eci - all stages illnesses

Thanks for reply
Could I get a quote for For 21 ANB ,born end JAN 2001, male non smoker pay 20 years WL 100k + EC50k + CI 50k ,multiplier x2. also multiplier x3 both till age 70.
and FOR ECI, which Companies have ECI terms that are less prone to dispute when making a claim?
Is it possible to rank the quotes comparing total premium paid versus surrender guaranteed payment 30/40 years later.(I take projected 3.0/4% returns with a pinch of salt)?

 

[boredboiboi]

Thanks for reply
Could I get a quote for For 21 ANB ,born end JAN 2001, male non smoker pay 20 years WL 100k + EC50k + CI 50k ,multiplier x2. also multiplier x3 both till age 70.
and FOR ECI, which Companies have ECI terms that are less prone to dispute when making a claim?
Is it possible to rank the quotes comparing total premium paid versus surrender guaranteed payment 30/40 years later.(I take projected 3.0/4% returns with a pinch of salt)?

You are welcome.

Sure. It will be a bit of messy with all the numbers requested.
For claim, As long as it matches the definition of the illnesses, there shouldnt be any dispute

1) x2 multiplier
SA - $2427.50/year.
guaranteed - 30 years , $37500, $59986(guaranteed + non guaranteed)
guaranteed - 40 years , $51400, $96739(guaranteed + non guaranteed)

M - $2609.47/year
guaranteed - 30 years , $19600, $60501(guaranteed + non guaranteed)
guaranteed - 40 years , $25500, $96852(guaranteed + non guaranteed)

2) x3 multiplier
SA - $2920/year
guaranteed - 30 years , $37500, $59986(guaranteed + non guaranteed)
guaranteed - 40 years , $51400, $96739(guaranteed + non guaranteed)

M - $2890.64/year
guaranteed - 30 years , $19600, $60501(guaranteed + non guaranteed)
guaranteed - 40 years , $25500, $96852(guaranteed + non guaranteed)

 

[exterminazn]

Thanks for reply
Could I get a quote for For 21 ANB ,born end JAN 2001, male non smoker pay 20 years WL 100k + EC50k + CI 50k ,multiplier x2. also multiplier x3 both till age 70.
and FOR ECI, which Companies have ECI terms that are less prone to dispute when making a claim?
Is it possible to rank the quotes comparing total premium paid versus surrender guaranteed payment 30/40 years later.(I take projected 3.0/4% returns with a pinch of salt)?

Hi,

below GE quote:

1) X2 multiplier
Premium: $3012.25/year
30yrs surrender: $48080 (g + Ng), g will be $27800
40yrs surrender: $74126 (g + Ng), g will be $36900


2) X3 multiplier
Premium: $3728.75/year
30yrs surrender: $ (g + Ng), g will be $27800
40yrs surrender: $74126 (g + Ng), g will be $36900

cheers

 

[owenowenno]

You are welcome.

Sure. It will be a bit of messy with all the numbers requested.
For claim, As long as it matches the definition of the illnesses, there shouldnt be any dispute

1) x2 multiplier
SA - $2427.50/year.
guaranteed - 30 years , $37500, $59986(guaranteed + non guaranteed)
guaranteed - 40 years , $51400, $96739(guaranteed + non guaranteed)

M - $2609.47/year
guaranteed - 30 years , $19600, $60501(guaranteed + non guaranteed)
guaranteed - 40 years , $25500, $96852(guaranteed + non guaranteed)

2) x3 multiplier
SA - $2920/year
guaranteed - 30 years , $37500, $59986(guaranteed + non guaranteed)
guaranteed - 40 years , $51400, $96739(guaranteed + non guaranteed)

M - $2890.64/year
guaranteed - 30 years , $19600, $60501(guaranteed + non guaranteed)
guaranteed - 40 years , $25500, $96852(guaranteed + non guaranteed)

Can give more details? .See my contact in Conversations or PM your phone?

 

[boredboiboi]

Can give more details? .See my contact in Conversations or PM your phone?

Yup saw and called you. Thanks =)

 

[MasuMeX]

Came across this endowment plan GREAT SP Series 5A that gives a guaranteed 1.2% interest PA for a 2 year period.
Anyone able to advise if there are similar or better plans than this for short term and stable interest. Looking to park my money for a 3-5 years period so that I can use it for my renovation when my BTO comes.

 

[Nancy Fancy]

Came across this endowment plan GREAT SP Series 5A that gives a guaranteed 1.2% interest PA for a 2 year period.
Anyone able to advise if there are similar or better plans than this for short term and stable interest. Looking to park my money for a 3-5 years period so that I can use it for my renovation when my BTO comes.

SP5A is one of the best short term endowment plan mentioned by singsaver. This product will be withdrawn anytime when fully subscribed.
https://www.singsaver.com.sg/blog/best-endowment-plans-singaporeAlso, there is one 5 years GE plan with IRR 2% (guaranteed + non-guaranteed) for your consideration.

 

[sohguanh]

Came across this endowment plan GREAT SP Series 5A that gives a guaranteed 1.2% interest PA for a 2 year period.
Anyone able to advise if there are similar or better plans than this for short term and stable interest. Looking to park my money for a 3-5 years period so that I can use it for my renovation when my BTO comes.

I saw this Great SP Series 5A from OCBC marketing email all DIY yourself. Was interested but then recent OCBC scam and the "broken" digital token from their OCBC Digital app, the inconvenience it cause me and have to resort to hardware token turn me off.

But as of now for 2 year I think 1.2% quite ok. But FD rate look to be increasing so maybe don't put everything into this leave some for FD with hopeful good rates that may pop-up. Diversification is always good strategy.

 

[exterminazn]

Came across this endowment plan GREAT SP Series 5A that gives a guaranteed 1.2% interest PA for a 2 year period.
Anyone able to advise if there are similar or better plans than this for short term and stable interest. Looking to park my money for a 3-5 years period so that I can use it for my renovation when my BTO comes.

Feel free drop pm if keen in this

cheers

 

[boredboiboi]

Came across this endowment plan GREAT SP Series 5A that gives a guaranteed 1.2% interest PA for a 2 year period.
Anyone able to advise if there are similar or better plans than this for short term and stable interest. Looking to park my money for a 3-5 years period so that I can use it for my renovation when my BTO comes.

Short term is good if you are satisfy with 1.2% as especially FD now are quite low. U can ask @exterminazn for his code.

 

[dslr]

Tokio Marine Term Assure
Pruterm Vantage
Coverage $1M for tpd n acc.
ECI n CI - $250k coverage

possible to get a quote for TM and Vantage thanks

 

[dslr]

Tokio Marine Term Assure
Pruterm Vantage
Coverage $1M for tpd n acc.
ECI n CI - $250k coverage

possible to get a quote for TM and Vantage thanks

Forget to add for age 40 and period till 80 years old thanks