The Singapore Insurance Institute's members and partners planted 50 trees at Kranji-Woodlands Nature Way on 27 July 2022 in support of the nationwide OneMillionTrees movement through the Garden City Fund's Plant-A-Tree programme. The Garden City Fund is a registered charity and IPC established by the National Parks Board.
This year's Asia Trusted Life Agents & Advisers Awards (the Awards) ceremony on 26 July saw 16 winners from seven markets celebrated for their contributions to the life insurance industry. The winners were chosen from 65 finalists shortlisted from 222 nominations from 12 markets. Due to the uncertain nature of the COVID-19 pandemic, the organisers have chosen to hold the awards presentation virtually.
Policyholders with Integrated Shield Plan (IP) riders will have more doctors to choose from - potentially more than 1,000 specialists in the private sector - while still enjoying an annual payment cap of S$3,000 (US$2,146).
The new employment scheme offers basic pay, CPF contributions, comprehensive skills training, full-time employment benefits and a flexible working arrangement.
To rein in the soaring costs for cancer treatment insurance, the Ministry of Health (MOH) had announced last August that it will allow insurance to only cover effective as well as cost effective drugs and treatments on a newly created Cancer Drug List.
The great resignation has disrupted Singapore residents' plans to retire, with one in five residents indicating that they intend to push back their retirement by six years, from 58 years to 64 years.
A survey by Milieu Insight on 'Financial Independent, Retire Early' (FIRE) finds out how common the FIRE movement is among Southeast Asians.
People from the sandwich generation - those who had competing demands and financial responsibilities for both younger and older generations - have an increasing desire to be prepared for financial independence in retirement.
Singapore's life insurance industry recorded a total of S$1.21 billion (US$868 million) in weighted new business premiums for 1Q2022, a slight 2% dip compared to 1Q2021, according to The Life Insurance Association, Singapore (LIA).
Prudential Singapore and NTUC Income have joined hands to help Singaporeans prepare financially for their later years and long-term care needs.
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