The Wuhan virus or 2019 Novel Coronavirus has affected the world in many ways across various industries. The tourism industry has seen a drastic decline with travel being closed off in a few regions across China. Many countries are concerned about the spread of the Wuhan virus and have taken extreme measures to bar the Mainland Chinese from entering. The Coronavirus has since spread to more than 27,000 people and has claimed more than 500 lives. Currently, there is no confirmed vaccine for the virus, causing worldwide paranoia of contracting the flu. The World Health Organization (WHO) has officially declared[…]

Investment-linked products – what are the pros and cons? Is it true that consumers get the best of both worlds by having their life insurance coverage and investments managed for them? Or, is it better to invest separately and stick to regular life insurance? As consumers, we have to consider the pros and cons before committing to a plan. Before we delve deeper, we have to first understand what are investment-linked products or in short, ILPs. Investment-linked products are the hybrid of life insurance and investment plan. In other words, it means you’re protected under insurance coverage, and at the[…]

In a world full of uncertainties, insurance is the best way to back you up and prevent personal loss. “It’s the peace of mind that you’re buying,” some people would say. However, a lot of people subject themselves to the dangers of being underinsured when cost becomes the biggest factor. Many people focus on the current premium they pay and fail to see the long-term benefits insurance can bring. Instead of evaluating their actual needs, they opt for the least expensive plan they can get. A bargain sounds good, but the risk of being underinsured is not a price anyone[…]

Are you new to insurance? Do you know what General Insurance is? Not to be confused with Life Insurance, General Insurance is a different type of coverage. It provides financial coverage to compensate your losses and damages in the period of cover. There are five major types of General Insurance, as stated below: Motor insurance Fire / Houseowner / Householder insurance Personal accident insurance Medical and health insurance Travel insurance Getting started on purchasing your first general insurance could be confusing, especially with the jargon and technical terms. It may seem alien to you, but those terms are meant to[…]

When it comes to insurance, most people share the same misconception that it is an unnecessary expenditure because they fail to see its value. To some people, insurance is useless as they haven’t utilized it at all after months and years of paying. It’s a form of “investment” that they do not see or have yet to see the returns. Hence, they would rather cut it off and allocate the money for other purposes. At the end of the day, the money will be spent on things that they might not even remember. With a healthy body, diseases won’t come[…]

Do you find yourself missing policy renewals and ended up in late payment? With SyncWealth, you’ll receive timely reminders way before your policy lapses. We know the importance of being sufficiently covered, and God-forbid it, we missed our policy renewal due to mistakes that were avoidable.  We’ve all been there. Mentally reminding ourselves. Getting our spouse to remind us. Writing it down in our notebooks. Typing it on our phones to help us keep track of our premiums, deadlines, bills, and all other possible payments – and that’s good. But let’s get real, that will only work if we remember[…]

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