Women needs to take control of own finances NOW.

Hi everyone, Christmas have already over. All of you have a great one last week? I had a Great Christmas last week with my family over a dinner. Haven't been updating my blog for Days. And finally I am back to Blogging now before the brand new 2012 is coming.

Thinking of what I have done in this year 2011 besides status changes, frm Miss to Mrs or Mdm. And the rest seems to be the same. Although some of you might think that since I am married, I do not need to earn alot as this is the role of a man isnt it? But to me I still think that Woman still need to be somehow finanical independent too.

An article which I found from Srait Times in year 2006, although it might be quite sometimes but however I think is still important to know. The reason why women need to take control of their own finances is as the reason below;



1> Women have longer Life Expectancy than Men.

2> Women have shorter career. As women mostly after married will work part time so they can take time off for Family needs.



3> Women earns lesser than Men, as we have shorter career span, therefore just before retirement an average men will have ard 1.7 times more $$$ in their CPF as compare to Women.

4> Divorce rate is getting higher each year. And the living standard for a man after divorce goes up while the women goes down.



So common all Ladies and women, regardless married or Single now, pls take Note that we should have our OWN insurance policies including Hospitalisation medical needs, build our own nest of Eggs above any joint savings or investment which have with our husband. Save as much money as you can while still single. And also buy your marital home in JOINT Tenancy so to ensure the property automatically goes to the surviving spouse in the event of Death.

Above all is what I wanna share. Hopefully the information is useful to you. ;> If you do not know how to proceed on, engage your consultant now or you can drop me an email. And I can share with you my 2 cents worth.

What is Thyroid Cancer?

After so many days since my Last update on Pregnancy insurance, which didnt get much response from my Readers. Hopefully the thing I am going to share today would interests some of you.. ;>

Recently I came by some older articles, and something catch my attention. And this just happen to some people around me, my Mother and also some clients. And this condition might be uncommon to the public, which is Thyroid.

Thyroid disorders can range from a small, harmless goiter (enlarged gland) that needs no treatment to life-threatening cancer. The most common thyroid problems involve abnormal production of thyroid hormones. Too much thyroid hormone results in a condition known as hyperthyroidism. Insufficient hormone production leads to hypothyroidism.

People might have symptoms such as difficulty in Swallowing and Breathing are sometimes seen in Large Nodules. Sometimes if a nodules are associated with Voice Hoarseness, rapid growth or found with Neck Lump, it should be carefully assessed for the possibility of Thyroid Cancer.

No worries, currently there is a surgery for Thyroid cancer, and it was definately a safe, efficiacious operation. Early Diagnostic and treatment in good risk patients can result in a cure rate of 98-99% and most of the thyroid patients can return back to their normal life. Therefore Early Diagnostic and Treatment is important. With Early Stage Critical Illness coverage is important.

Pregnancy Insurance For your Baby?

In Singapore, currently there is no such Insurance to cover the Costs of the Delivery. Unlike some other countries, the costs are consider Free. Below are the Links to see the estimated costs of Delivery in Private and Government Hospital.

Delivery (Normal)

Delivery (Normal) with severe complications

Delivery (Caesarean section)

Delivery (Caesarean section) with severe complications

However, Singapore do have Insurance that covers the costs of Pregnancy Complication such as Miscarriage, Etopic Pregnancy etc. Most of the Intergrated Medishield Covers this clause. Another things, which will be Insurance cater for Baby even though the baby is only 18 weeks in Mummy's Belly.

So far, only 2 insurer covers this kind of insurance, which are Prudential (Prufirst Gift) and also AXA (Mum's Advantage). Below are the different comparision of these two plans.







Hopefully the information above might be useful to some Newly Weds, who plan to have such insurance as a Gift to Welcome the Baby. If have any other doubts do feel free to drop me an email. ;>

Free Christmas Shopping?

Christmas is around the corner, and I really wished Everyone out there a Happy White Season.

What I am going to share today will be on the other side of Insurance which is Financial Accumulation. I believe that Everyone would be busy with Christmas shopping during December. But does anyone know how to use your current money you have and enjoy your Future Christtmas Shopping FOC?

Why I say so is because of saving in Endowment Policy now, and then you can use the yearly cashback for your shopping expenses. I dont know whether does it make sense to all of you, but it do make sense to me cos even though I use out the cashback yearly, eventually at the end of the maturity I will still have my capital.. ;>

For more information, you can PM me via dondon_v@yahoo.com (No Obligation) ;>

Lastly HOHOHO Merry Christmas to all my fellow friends.

Costs of different medical condition.

Previously I share on the causes of Hospitalisation, and today I am going to share on the different costs of the illness or condition in both Private and Government Hospital,

Appendix surgery (Appendicectomy)

Breast lump removal

Lumps and bumps removal (Sebaceous cysts, lipoma)

Lung cancer

Lung cancer with complications

Stroke

Stroke with complications

Above are all the information gathered from Ministry Of Health. The details may or may not be up to date. May it be useful for people who are going to do some planning for yourself or your loved ones in terms of Medicare. ;>

Property Assets

I am sharing some information regarding about one very important investment tool or asset to us, which is property. Although I am not a property agent, however one crucial point in financial Planning will be property which is an important assets in Ones' life.

Recently Government have imposed quite a number of measures to the property. To people who dont keep track of news, these are some important stuff which you need to take note. For 1st timers Singaporean buyer who are buying HDB flats from HDB board itself wont be affect by these colling measures.

To promote a more stable and sustainable market, the government has issued an additional buyer’s stamp duty (ABSD) on the sale of private residential property with effective on 8th Dec onwards.

An ABSD of 10 per cent of the purchase price or market value of the property — whichever is higher — is applicable to foreign buyers and corporate entities, while permanent residents (PRs) buying their second and subsequent properties will face an ABSD of three per cent. An ABSD of three per cent is only applicable to Singaporeans who are purchasing their third or subsequent properties.

For joint purchases, say between a Singaporean and a PR, or a PR and a foreigner, the higher rate will apply.However, the government will provide reliefs in certain cases, such as when a Singaporean marries a PR or foreigner, so that this move does not impact home occupation demand by residents, said the ministries.

The existing Buyer’s Stamp Duty on property purchases applies at one per cent on the first $180,000 of the purchase price or market value of the property (whichever is higher), two per cent on the next $180,000 and three per cent for the remainder.

Points to take note for People who are looking for their 1st Property, do try to get a HDB flats as your 1st property as Newly wed couples (especially young couples) do not tied down yourself with Highly Maintenance Loan. Cos if after paying the housing Loan, you might not have suffficient money left for emergency needs.

And also dont forget to get yourself a Mortgage insurance to protect in the event of Mishap, the Loan will be paid by the insurance. For me, when both my hubby and I bought a HDB flats, we didnt take up the HPS from the HDB. Instead we used our own personal life insurance as a mortgage insurance. If you decide to use your personal insurance as a Mortgage Insurance too? Do take note that the amount of your sum assured will be sufficient. The reason why I didnt took up a HPS (even though it was very cheap premium), was because if in the future I wans to buy another property, I might need to buy a new Mortgage insurance with a higher premium as compare to now due to Age differs.

Hopefully whatever I share might make some sense to property buyer. And if you wish to find out more regarding about Mortgage Insurance or HPS do drop me an email via dondon_v@yahoo.com

Medishield Comparisions

As I Promise in my previous entry, I would share more on the comparision of the different Medishield plans in Singapore. Instead of creating a Table by myself, I think sharing the link of MOH will be a better choice as the information are up to Date.

MOH


You can do a quick comparison to decide which is best for you. All the big players have their own variation. AIA, Avivia, GE, Pru, NTUC.


For more information, please seek consultation to any qualified insurance adviser. Or drop me an email via dondon_v@yahoo.com if you have any enquiries.

Statistic of Hospitalisation and Death Causes.

Maybe alot of people out there might not know about the importance of Hospitalisation Plan. Which is to cater coverage against the costs of Hospitalisation and Surgical Costs.

Do you know what are the top 5 conditions for People to admit to Hospital In Singapore?

1> Accident, Poisioning and Violence
2> Cancer
3> Ischaemic Heart Disease
4> Obstetric Complications affecting Fetus or Newborn
5> Pneumonia

You can say that you wont fall sick and be healthly but you can see the top 1 condition admitted to Hospital is due to Accidental. And you cant prevent accident isnt it?

Next is the top 5 conditions for Deaths occurs among Singaporean.

1> Cancer
2> Ischaemic Heart Disease
3> Pneumonia
4> Cerebrovascular Disease (including stroke)
5> Accidents, Poisoning & Violence

To my surprise, there is a huge increase of people dying of Pneumonia (which is the condition I share earlier in my Previous Entry) Of cos not alot of people died of Accident which is a lucky thing. But however the person still need to pay for his/her hospitalisation Bills.

The link below are the average inpatient bills for Public Hospital and Private Hospital

Public Hospital Medical Specialist

Public Hospital Surgical Specialist

Private Medical Specialist

Priavte Surgical Specialist

Hopefully everyone whom read my blog would then realise the importance of getting yourself cover under 100%. So you need not to pay for the huge amount of Hospitalisation Bills.

I would share more on the types of Medishield Plan Comparision On my next Posts. Do check it out. ;P

Attention all Vehicles Owner in singapore

Attention to Every Car owners out there in Singapore. If you are going to renew your Car Insurance or Bike Insurance soon? Do check it out this link,

Motor/Car Insurance

Support me by liking this Page of mine in Facebook.

P/S: For your information, besides Life Insurance I am also dealing with General Insurance. No Obligation for Quoting. Would be able to offer a comparable pricing out there.

What is Cancer?

3 days ago my entry written about my uncle admission to hospital on Sunday. And my uncle did an operation at SGH on Tuesday to draw out the water and meanwhile doctor tested his lungs tissue to see what's wrong with it. From the doctor reported came out today and was certified to be stage 4 cancer.

Today I am going to share with you some general information about cancer. Cancer begins when a cell begins dividing uncontrollably. Eventually these cells form a visible mass or tumor. This initial tumor is called the "primary" tumor. Cells from the primary tumor can break off and lodge elsewhere in the body where they then grow into secondary tumors. This process is called "metastasis" and a cancer which has spread to other organs is called "metastatic." When cancer spreads to another organ, the type of cancer remains the type of the primary tumor. Thus cancer that started in the colon and spread to the liver is still colon cancer. It is not "liver cancer". Similarly breast cancer that has spread to the bone is not "bone cancer", it is metastatic breast cancer. (quoted from http://cancerguide.org/basic.html)

Stage 0 carcinoma in situ.
Stage I cancers are localized to one part of the body.
Stage II cancers are locally advanced.
Stage III cancers are also locally advanced. Whether a cancer is designated as Stage II or Stage III can depend on the specific type of cancer; for example, in Hodgkin's Disease, Stage II indicates affected lymph nodes on only one side of the diaphragm, whereas Stage III indicates affected lymph nodes above and below the diaphragm. The specific criteria for Stages II and III therefore differ according to diagnosis.
Stage IV cancers have often metastasized, or spread to other organs or throughout the body.
(quoted from http://en.wikipedia.org/wiki/Cancer_staging)

That's why Early Stage Critical Illness is so important as early diagnostic can extend a person's life. And under this kind of insurance coverage can enable you to have an insurance paid up for treatment.

I believe the link below can be useful to you.

Getting to the heart of Critical Illness Insurance

For more information, do drop me an email via dondon_v@yahoo.com