Varshamore

  An endowment plan is an insurance product that combines life insurance, savings, and a bit of investment too. The insured individual receives a lump sum payout when the plan matures. In addition, there is death coverage included – theplan’s nominee will receive a death benefit payout if the insured individual passes away while the plan is still active. If you opt for a participating endowment plan, you stand to receive a payout with a guaranteed component and a non-guaranteed part as well. The non-guaranteed part depends on the performance of the funds your premiums have been invested in. An endowment plan has the potential to give you much higher returns than a bank savings account. You can either opt for a long or short term endowment plan depending on your goals. Endowment plans in Singapore can have premium payment terms that last anywhere from 5 to 30 years. The policy period itself can last anywhere from 10 to 30 years. In this article, we will take a closer look at some...

Whether you are a Singaporean citizen or an expat, you need proper health insurance when living in the Lion City. While Singapore has some of the best hospitals in the world, the cost of treatment can get quite expensive. Singaporean citizens and PRs get coverage from MediShield Life for their health care expenses. However, MediShield Life is pegged at only class C/B2 wards in public hospitals. If you prefer other types of hospitals or wards, this coverage may be insufficient. Moreover, the annual claim limit of MediShield Life is capped at S$150,000 with further limits placed on specific treatments such as chemotherapy and kidney dialysis. If you prefer a private hospital, your treatment charges may go beyond these thresholds. In this case, you may want to consider health insurance known as an Integrated Shield Plan, that can help provide more extensive coverage. If you are planning to buy an Integrated Shield Plan for the first time, you may need a bit of help. Read on to disco...