Here are two letters written about inflated motor claims
Insurance companies need to take responsibility
Insurance muddle bears highway robbery
My view
I agree with the writers that insurance company managers can be more active in combating the inflated claims and to stop the unjustified increase in premium rates.
Wednesday, August 4, 2010
A different style of website, www.tankinlian.com
Hi
I find your writeup on Dependent Protection Scheme and Home Protection Scheme to be quite useful. I went to the CPF website to check the information on these schemes and I found that it was quite difficult to locate them - all over the place and quite fragmented.
I like to download your FAQ and send it to my friend. Will I be infringing on your copyright? Do I need to get your permission?
REPLY
You are welcomed to download the PDF and send them to your friends. These FAQs are written for this purpose. No need to ask for my copyright. Actually, I compile them from the information given in the CPF website, and I did not ask for their permission. I consider them to be public information.
I believe that it is more convenient for the public to search for information using the style of my website, www.tankinlian.com, especially to read the Q&A in a PDF document. If you find it to be useful, you can help me to encourage other organisations to adopt the same style for their website.
I find your writeup on Dependent Protection Scheme and Home Protection Scheme to be quite useful. I went to the CPF website to check the information on these schemes and I found that it was quite difficult to locate them - all over the place and quite fragmented.
I like to download your FAQ and send it to my friend. Will I be infringing on your copyright? Do I need to get your permission?
REPLY
You are welcomed to download the PDF and send them to your friends. These FAQs are written for this purpose. No need to ask for my copyright. Actually, I compile them from the information given in the CPF website, and I did not ask for their permission. I consider them to be public information.
I believe that it is more convenient for the public to search for information using the style of my website, www.tankinlian.com, especially to read the Q&A in a PDF document. If you find it to be useful, you can help me to encourage other organisations to adopt the same style for their website.
Ask Mr. Tan
Dear Mr. Tan
I find the articles that you wrote for the Ask Mr. Tan to be very useful. I want to thank you for giving this valuable information for free. I shall tell my friends to visit your website. I look forward to read the new articles that you will be writing, as I find them to be easy to understand and useful.
I wonder, if people can read for free, maybe they will not buy your financial planning book? What do you think?
REPLY
I hope that they will buy my financial planning book as a show of their appreciation. Also, the book contains more detailed examples and calculations that cannot be found in the FAQs at the website (which are quite concise.
Practical Guide on Financial Planning
Ask Mr. Tan
I find the articles that you wrote for the Ask Mr. Tan to be very useful. I want to thank you for giving this valuable information for free. I shall tell my friends to visit your website. I look forward to read the new articles that you will be writing, as I find them to be easy to understand and useful.
I wonder, if people can read for free, maybe they will not buy your financial planning book? What do you think?
REPLY
I hope that they will buy my financial planning book as a show of their appreciation. Also, the book contains more detailed examples and calculations that cannot be found in the FAQs at the website (which are quite concise.
Practical Guide on Financial Planning
Ask Mr. Tan
Eldershield
Eldershield is a long term disability scheme operated by the Ministry of Health. All CPF members are required to automatically covered under the scheme unless they decide to opt out. Should you opt out? Here are the facts to help you to make a decision.
www.tankinlian.com (Ask Mr. Tan)
www.tankinlian.com (Ask Mr. Tan)
Dividend yield on shares
Dear Mr. Tan
Please see the message below from my agent. I need your expert advice whether it is okay to invest in the said endowment policy.
Our company just launched this 5 year endowment where you pay premiums for 2 years only. Returns will depend on your principal amount. You need to keep the policy the full 5 years to enjoy the interest rate mentioned in the brochure (about 2% p.a.). Surrender within the 1st 3 years and you get less than your principal back.
REPLY
It is safe, provided that the insurance company does not go bust, but the return is not attractive. My wife was offered a similar product from another company but, after I made my analysis, she decided to invest in Suntec REIT and Starhub, which offered a better yield of above 7% (if I remembered correctly). Although the shares are risky, the risk is reduced for a person who is willing to invest for the long term and does not need to realise the cash in a weak market.
Read my book, Practical Guide on Financial Planning and the FAQs in my website, www.tankinlian.com (click on Ask Mr. Tan).
Please see the message below from my agent. I need your expert advice whether it is okay to invest in the said endowment policy.
Our company just launched this 5 year endowment where you pay premiums for 2 years only. Returns will depend on your principal amount. You need to keep the policy the full 5 years to enjoy the interest rate mentioned in the brochure (about 2% p.a.). Surrender within the 1st 3 years and you get less than your principal back.
REPLY
It is safe, provided that the insurance company does not go bust, but the return is not attractive. My wife was offered a similar product from another company but, after I made my analysis, she decided to invest in Suntec REIT and Starhub, which offered a better yield of above 7% (if I remembered correctly). Although the shares are risky, the risk is reduced for a person who is willing to invest for the long term and does not need to realise the cash in a weak market.
Read my book, Practical Guide on Financial Planning and the FAQs in my website, www.tankinlian.com (click on Ask Mr. Tan).
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