Varshamore

  When it comes to managing personal finance, two important factors need to be considered: investments and insurance. Investment is one way to grow your savings (with the investors making the right investment choices); insurance can help protect your current income. Investment seems to be an interesting topic to discuss for hours, with its future benefits and the hope it brings along. Investment and insurance both play an important role in setting financial goals and making your future ready. Here's why. Planning future events with insurance We all know that nothing is more important than good health and the wellbeing of ourselves and our families. However, life is not predictable. Keeping a positive outlook towards life is essential but ignoring the uncertainties of life is not the best way to be future-ready. This is where insurance plans become essential. In simple words, insurance provides financial protection against unforeseen events. When you buy the right insurance p...

Many doubts seem to pop up in our minds when we think of buying an insurance plan .  The features of different policies offering different benefits can make the process even more confusing. This article attempts to answer some of the most frequently asked questions about insurance savings plan to help an individual make the right choice. How do I know if I need an insurance savings plan? Insurance saving plan is a necessity to achieve mid to long term financial goals. An insurance savings plan is the way of investing funds over time to ensure that the accumulated wealth can be used to achieve bigger goals in life. Some insurance savings plan comes with monthly benefits whereby the policy pays out lump sum cash. This is good for someone who needs extra cash to ease financial burdens on a monthly basis. Alternatively, this monthly cash benefits can also be accumulated to get annual interests and added to the maturity payout at the end of the policy term.   Some of th...

  At the age of 20, when an individual is at the peak of their health, there seems to be hardly any need for critical illness insurance . However, in reality, having a critical illness insurance plan is a smart choice that one can make. Critical illness can strike anyone at any age.  At the age of 20 when life is filled with aspiration and dreams, stumbling upon a critical illness can throw your entire life off the track. Having a critical illness insurance plan provides a peace of mind knowing that  financial burden can be minimized in times of medical emergencies. Therefore, it is never too early to get yourself covered.  Towards better financial planning Reports have shown that an average Singaporean lives a longer life but the majority of the time is spent in ill health as compared with about 30 years ago . Another report from The Straits Times highlighted the increase in the number of cancer patients in Singapore every year. These reports not only highlighte...