Which form of distribution channel would give you the best advice? Through the Agency model, the Bancassurance model or the IFA model? We will discuss more about that later.

A lady have wrote in to The Straits Times Forum on the 25th July 2011 sharing her experience of getting insurance advice from [...]

An ex-AIA agent has been charged for allegedly selling a fake US $5 million ‘AIA Thank You’ policy to a semi-retired businessman in November 2002, reports the May 11th 2011 edition of The Straits Times (Ex-AIA Agent Charged Over Fake $6.2m Policy). The story was first reported here.

Like everyone else, the past holidays have been filled with feasting and gatherings, updating and gossiping. Most were of no particular importance. However, I would like to share a story about Investment-Linked-Products (ILP) told by a friend who works in an insurer.

An old lady went to the insurer after she received [...]

The government has announced that the floor rate of 4% interest for all Special, Medisave and Retirement Account (SMRA) will be extended to 31 Dec 2011. The 4% floor rate was first supposed to end on 31 Dec 2009. It was extended to 31 Dec 2010 last year “in light of the global [...]

1 year ago, an FA firm (not an IFA) ran a promotion that offers a ‘free’ first year term coverage by rebating the whole first year premium. Now that promotion has backfired and the insurer wants to claw back more than $7m in commissions and volume discounts due to the high [...]

If you have been approached by an Independent Financial Adviser (IFA) before, you would probably been told that IFAs can offer products from many providers and put client’s interest first. There is a fact and an opinion in the statement. The fact is that IFAs does have access to many different products from [...]

CPF Board has recently released more details on the CPF LIFE Scheme. The CPF Life Payout Estimator and Information Booklet can be found on their website here – CPF LIFE Website. I’ve done some comparison between the CPF LIFE vs Commercial Annuity already, I’ll do some simple comparison between [...]

TM AsiaLife has announced the withdrawal of their champion endowment plans, namely: TM Education (LP), TM Nest Egg (LP, LP05). This spells bad news for consumers as these plans offer great value to policyholders in terms of high guaranteed values and unbeatable track record. TM AsiaLife holds the record of being the only [...]

An insurer placed an advertisement in today’s The Straits Times announcing their record of never reducing their bonus for their participating policies since they started more than 60 years ago. The are maintaining this “unmatched record” this year. According to the information I got, this move to reassure the consumers was prompted by [...]

I did not take note of this plan until an agent friend ask me about it when her client consulted her. She could not believe that such plans exist. Yes, such endowment plans do exist.

Endowment, or for that matter, Participating (Par) or With-Profits plans, have bonuses that will be declared yearly. [...]