Why should you consider getting a private integrated shield plan?

An encouragement by company to us to help more people :) What is private integrated shield plan? A Shield plan is designed to cover major/catastrophic events related to Hospitalisation & Surgery (H&S). It is not meant to cover minor ailments and visits to General Practitioners. CPF Board operates the CPF Medishield, which covers up to 80% of your H&S bills at subsidised wards in restructured hospitals. The private Integrated Shield Plans run by private insurers are designed for coverage for hospitalisation in A & B1 wards in Restructured Hospitals and private hospitals. You may  still choose to stay in a subsidised ward if you have a private Shield plan. Figure 1: Compares some key details between Medishield and private Shield plans. Intended Coverage Features Payment Mode Co - Payment  Riders/ Add Ons  CPF Medishield Restructured hospital B2 ward & below Has a Sub Limit CPF Co- Insurance Deductible  No Private Shield Plan (Also known as Integrated Shield Plan) Up to private hospital (depending on choice of plan) As Charged CPF + cash Co-Insurance Deductible  Yes Below are some of the Q&As related to shield plan and integrated shield plan. I have basic Medishield from the CPF Board. Do I need an integrated Shield plan ? Yes. I strongly believe that everyone living in Singapore should purchase an integrated  Shield plan (if you can afford the premiums). CPF Board administers Medishield, which  is only basic medical insurance. An integrated shield plan is designed to complement it  and works to cover major hospitalisation events as our government recognizes that the  basic Medishield may not be sufficient to meet a person’s medical needs. Both private Shield plans and CPF Medishield plans impose a deductible and  co-insurance. The newer private Shield plans work on an “As Charged” basis when  compared to CPF Medishield, which has sub-limits. Also, the integrated Shield plans cover the insured's entire lifetime while CPF Medishield  only provides coverage until the age of 90. How does the private shield plan work ? When you purchase a private Shield plan, it actually sits on top of your basic Medishield. That simply means that you are extending the hospitalisation coverage. Think of  Medishield as an umbrella. Now when you buy a private Shield plan, you are upgrading  to a bigger umbrella. When riders are added on, it gets even bigger. What is the difference between an integrated Shield plan and other H&S plans? Other H&S plans in the market are payable by cash only. These include your employer's Group H&S plans and comprehensive health plans. Typically, outpatient treatment, eg,  a visit to your general practitioner, is covered as well. In terms of premium, the integrated Shield plans are very competitive due to the large  pool of insured (as compared to cash H&S plans).  Please refer to the following link for  more information:http://www.moh.gov.sg/mohcorp/hcfinancing.aspx?id=342 What is a Letter of Guarantee and how does it work? When you are hospitalised, you need to place a deposit with the medical institution  before treatment even begins. This usually comes from your Medisave account or cash. However, major private insurers offer a Letter of Guarantee (LOG), which obtain a  waiver of the upfront cash deposit required by the hospital. I am already covered with an earlier integrated Shield plan. Should I upgrade the plan to the newer enhanced plans with “As Charged” features? Yes. Medical cost is rising. The older plans have sub-limits. And in general, there are limitations like a lower annual limit and lower lifetime limit. With the new enhanced plans  in place, you have peace of mind that the bulk of your medical bills will be covered. Original Article from HealthXchange SG

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Economy Cycle

The economy always runs in a cycle, from expansion (growth) to contraction (recession) and vice versa. There's a long time saying "10 years a major cycle ", Japan led the global booming in the 80s, follow by southeast Asia bull run in 90s, US tech boom in early 2001 to China and India superb growth till 2008.

It has been a long 5 years since we hit the bottom , if the history is going to repeat itself which usually is and so true in financial market. We are entering into phases of bumpy ride to the next height.

The STI has increased from 2012 which is around 2700 points to 3200points as of today and our last time peak in year 2007 was around 3800. As the economic cycle repeat itself, we should hit higher than 3800 points in the coming bull market predicted around year 2016-7. It has demonstrated a fantastic window period for those who want to make their money work harder and for those who want to build their first pot of gold.

At the end of boom, there will be a group of new poor; at the end of recession , there will be a group of new rich.

Will us be the new rich ? It is just my humble personal opinion, please call me for coffee or tea and maybe we can share among one another and add some insight into the interesting investment market now.  

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Integrated Health Solutions (IHS) with Free Essential Health Screeningis back by popular demand!

Dear Employer/ HR/ Person in charge of employee benefits:

Back by popular demand, from now till end 30 November 2013, for every new IHS benefit packaged with Group Term Life or Group Hospital & Surgical Plan, we will offer Essential Health Screening Package worth $68 for free!

Terms and Conditions *
1)  IHS program is a rider to Group Hospital and Surgical or Group Term Life with a minimum group size of 11 employees. 2)  All group business must be new, paid and submitted within promotion period. The group policy effective date must be during the promotion period and premium must be received by AIA on latest 15 December 2013. 3)  All complimentary health screening is non-refundable and not exchangeable for cash. 
4)  Corporate Solutions reserves the right to replace the package with items of similar value. 
5)  Fullerton Essential Health Screening Package will only be honored at 7 Fullerton fully owned clinics throughout Singapore. This will not be available at the Fullerton panel clinics. 
6)  Members who want to utilize the Essential Health Screening Package must present their recognized mode of identification at the Fullerton Clinics. They should come fasted for the blood tests. 
7)  Fullerton reserves the right to allocate an optimal number of health screening slots per day at each clinic on a first-come-first-serve basis. This is to ensure consistent quality and a pleasant customer experience for the member. 
8)  Fullerton reserves the right to amend the terms, conditions and benefits of the health screening package, at any time. 
9)  These will be honored at Fullerton fully-owned clinics throughout Singapore. This will not be available at the Fullerton-Panel Clinics. 
10)  Members who want to utilize these benefits must present their recognized mode of identification at the Fullerton Clinics. 
11)  Members who wish to purchase prescription medication for themselves of their relatives must bring their relatives for a consultation with our doctors. This is in line with Ministry of Health regulations. If the relative is absent, then a prescription chit from the doctor must be presented in order for the purchase to be processed. 
12)  Fullerton reserves to amend the terms, conditions and benefits, at any time. 

Kindly contact us for more details!

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AIA Vitality Program

You may seen below advertisement is widely advertised by AIA some times ago. There are on public vehicle, bustop ad board, radio, and newspapers, and direct mailer that send to your home if you are AIA existing policy owner. But what does it really about?

"Here’s something everyone should ponder: Is your body older than you really are?

A recent survey conducted by life insurance giant AIA found that the average Singaporean’s body age is four years older than their chronological age, due to unhealthy lifestyle choices.

The survey, held from last December to this January, involved 1,000 participants through an online panel provider..." 

Source from The Straits Time

AIA Vitality is a science-backed wellness programme that rewards you for getting healthier. AIA Vitality's proven approach takes you on a personal pathway to better health: you get to know your health, learn how to improve your health and enjoy the rewards for doing so!

How it works

Know your health

Understanding your health is the first step to improving it. And it all begins online at AIAVitality.com.sg, where you can access a wealth of information that provides you with the knowledge to do so. What’s more, AIA Vitality also offers you a range of complementary health, nutrition and fitness assessments to help get you on the path to better health.

Improve your health

As you embark on your journey to get and stay healthy, we make it easier and cost effective with discounts from our wellness partners. You’ll enjoy special rates on advanced health screenings, smoking cessation courses, gym memberships, workout gear and cashback on healthy food. 

Enjoy the rewards

As you improve your health, you will be rewarded with Vitality Points and a Vitality Status. The more Vitality Points you earn, the higher your Vitality Status and the bigger your rewards!

You can enjoy discounts on movie tickets, international cruises, international flights and insurance premiums for selected new AIA insurance plans.

Your added bonus – savings on your AIA insurance premiums

As the wellness programme that rewards you for getting healthier, AIA Vitality is already stacked in your favour. Sign up for any of the following AIA insurance plans, together with AIA Vitality, and enjoy an upfront discount on your first year premium and up to 15% discount

on your future years insurance premium when you improve your Vitality Status.

The programme, part of AIA’s commitment to champion healthy living and preventive care for families in Singapore, is a joint venture between AIA and Discovery, a specialist insurer headquartered in South Africa. It is aligned with the Singapore government’s Healthy Living Master Plan, which aims to develop initiatives that ensure all Singaporeans have access to an affordable healthy lifestyle. 

Find out more through AIA Vitality website

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小资女孩向＂钱＂冲

喜欢在空闲的时候，坐下尝杯咖啡，阅读从邻里图书馆借来的一些书籍，自我充值一下。最近阅读到一本写给女人的投资理财书，借此分享。

推荐序：

作为女性，我深深知道女人的年轻美丽会随着岁月流逝而逐渐消失，唯有魅力才是永存的。如果我们把赚到的钱，部分投资到学习理财知识、学习理财技巧上，用知识武装头脑，打造从内而外散发的魅力，而不是仅仅用于购买化妆品、服装等外表装扮上，那我们将收获无穷魅力，收获无限的自信和骄傲，收获精神、物质上的双重财富！

这本书从多方面为女性朋友诠释了如何把赚钱的能力转变为理财的能力，如何为自己、为家庭创造更多的财富，从而做一个十足幸福的女人，让世界因为女人而变得更加美丽、更加精彩！

书中推荐者建议女性朋友遵照以下5大法则、7个步骤：

5大法则
第一、理财宜早日做起
第二、成功在于契而不舍，重复做相同的事
第三、理财不是敛财
第四、先还款，再储蓄，后投资，最后是消费
第五、制定理财计划，并严格执行

7个步骤
第一步、了解自己的需求，了解自己的风险承受能力
第二步、根据需求确立自己的中期、长期人生目标

第三步、格守量入为出，开源节流，做好自己的财务分析
第四步、为自己购买风险保险，至少占用百分之十的闲置资金
第五步、进行组合投资，存款+基金+股票+储蓄型保单+年金
第六步、购置不动产，以期资产保值增殖
第七步、进行税务规划，合理避税

相信女性财务得到独立，能活得更轻松、精彩、梦想可以自己达成。

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你快乐吗？

刚打开收音机，电台主持人寻问听众目前是快乐的，还是不快乐？
这道问题似乎掀起了忙碌新加坡人的内心深处，纷纷致电诉说自己的快乐或不快乐，大部分的不快乐原因皆因目前的生活状况，金钱短缺，有些听众还向往移民国外，希望有更好的未来生活素质。。

多数现代人逐渐踏进忙，茫，盲的困境而不自知，
但是，一味地埋怨而不作出改变，结果还是一样的。

人的一生中，每个人都曾沐浴幸福和快乐 ，也会历练坎坷和挫折。
幸福快乐时，我们总是感觉时间的短暂；而痛苦难过时，我们却抱怨度日如年。
人生短暂，要善待自己、家人和身边的人。

这时候的你看似满脸笑容，但你真得快乐吗？

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