I am now working as a consultant to a life insurance company in Singapore. It intends to launch low cost insurance and investment funds in early 2009.
Details of suitable products are set out in these FAQs:
http://www.tankinlian.com/faq/low.html
http://www.tankinlian.com/faq/btid.html
http://www.tankinlian.com/faq/termassurance.html
http://www.tankinlian.com/faq/finplan.html
http://www.tankinlian.com/faq/age65.html
Generally, my advice is:
1. Buy low cost term life and medical insurance to protect your earnings
2. Invest your savings in a low cost fund to get an attractive return
3. Avoid high cost and complicated financial products
4. Educate yourself to make the right choice
5. Buy directly, to avoid paying the high commission insurance agents
Monday, July 21, 2008
Business ethics
We need strong business ethics, to operate business honestly and give fair value to consumers. I am speaking on this topic at a dinner of the alumni of an American university.
Here are some points contained in my speech:
In Ancient China, the “four categories of the people” was a hierarchic social class structure developed by scholars as far back as the late Zhou Dynasty (c. 1046–256 BCE). In descending order, these were the shi (gentry scholars), the nong (peasant farmers), the gong (artisans and craftsmen), and the shang (merchants and traders).
Why are the merchants and traders treated at the lowest rank?
The merchants, traders, and peddlers of goods were viewed by the scholarly elite as essential members of society, but were placed on the lowest of the four grades in the social hierarchy. The scholars in their writings denounced the merchant class as greedy and lacking moral character. Merchants were seen as somewhat parasitic to the needs of all other groups in society, since they used the goods that others produced and made their own profits from them. In essence, they were seen as business savvy, but not morally cultivated enough to be venerated representatives of Chinese culture.
I wonder if our business community of today fall into the same description of "greedy and lacking moral character?"
Here are some points contained in my speech:
In Ancient China, the “four categories of the people” was a hierarchic social class structure developed by scholars as far back as the late Zhou Dynasty (c. 1046–256 BCE). In descending order, these were the shi (gentry scholars), the nong (peasant farmers), the gong (artisans and craftsmen), and the shang (merchants and traders).
Why are the merchants and traders treated at the lowest rank?
The merchants, traders, and peddlers of goods were viewed by the scholarly elite as essential members of society, but were placed on the lowest of the four grades in the social hierarchy. The scholars in their writings denounced the merchant class as greedy and lacking moral character. Merchants were seen as somewhat parasitic to the needs of all other groups in society, since they used the goods that others produced and made their own profits from them. In essence, they were seen as business savvy, but not morally cultivated enough to be venerated representatives of Chinese culture.
I wonder if our business community of today fall into the same description of "greedy and lacking moral character?"
Identity card - lost & found
I lost my identity card last month. I applied for a new card, but was advised to wait for two weeks, in case the card was found.
After four weeks, I received a letter from the relevant department. Someone found my identity card and returned it to them. The letter asked me to collect the card from their office.
What a wonderful service!
After four weeks, I received a letter from the relevant department. Someone found my identity card and returned it to them. The letter asked me to collect the card from their office.
What a wonderful service!
Car insurance - where to get lower premium
Dr. Money wrote this article about car insurance:
http://newpaper.asia1.com.sg/columnists/story/0,4136,170194,00.html
You can find more articles from Dr. Money at:
http://www.tankinlian.com/drmoney/
http://newpaper.asia1.com.sg/columnists/story/0,4136,170194,00.html
You can find more articles from Dr. Money at:
http://www.tankinlian.com/drmoney/
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