The great Tang dynasty Chinese Medicine Practitioner Sun Simiao (孙思邈) once wrote:

上医医未病之病
中医医欲病之病
下医医已病之病

 Translated, it means:

The best doctors treat the disease that is yet to occur

The average doctors treat the disease that is about to occur

The mediocre doctors treat the disease that has already occurred

What does this mean [...]

Insurance policies are contracts between the Insurer (insurance company) and the Insured (you). In the process of negotiations that lead to the formation of the contract, the Insurer and the Insured must be honest and open with each other. This is the Principle of Utmost Good Faith, or Uberrima Fides. A breach of the [...]

I was waiting for my friend for lunch at the customer service centre of 1 of the big insurers on Monday when I overheard an angry policy holder complaining loudly. I was not trying to eavesdrop but that angry uncle was just making his feelings known not just to the customer service officer but [...]

 Coming up with a Proper Protection Plan is only the first step – identifying an effective strategy or strategies to accomplish the plan and acting on these strategies is essential for success. Two common strategies are available for long-term holistic Protection Planning – Buying Participating Plan and Buy-Term-Invest-The-Rest (BTITR). Download the article [...]

Those who have bought any life insurance after 2001 would have filled in a form known as the Know Your Client (KYC) form. This form is meant for fact-finding and needs analysis to ensure product suitability in the financial advisers’ recommendations.

Sometimes you wonder: why is there such a requirement for insurance sales [...]

Due to the complexity of the different class of products, consumers often use the incorrect type of policy to meet their needs or purchased them with the wrong concept. Making such mistakes can result in huge financial consequences. Read the discussion on the top 10 common mistakes here.

With the different classes of insurance products available, it can be frustrating and confusing for the layman to try to build a Protection Plan. The main classes of insurance policies are summarized into a easy to understand table. Read the article here.

Many people are still clueless about what they are covered for despite having bought numerous policies. This could easily reult in unncessary duplication or worse, not getting the correct protection despite paying high premiums. Get to know how to construct a proper Protection Plan here.