Coronavirus: the investment impact in seven charts
We explain how the coronavirus is impacting markets and reveal the latest views from Schroders' experts.
https://www.schroders.com/en/sg/private-investor/sg-insights/markets/coronavirus-the-investment-impact-in-seven-charts/
We explain how the coronavirus is impacting markets and reveal the latest views from Schroders' experts.
https://www.schroders.com/en/sg/private-investor/sg-insights/markets/coronavirus-the-investment-impact-in-seven-charts/
Schroders
Coronavirus: the investment impact in seven charts
We explain how the coronavirus is impacting markets and reveal the latest views from Schroders' experts
5 Habits of Highly Self-Aware People. You won’t find happiness or success unless you find yourself first.
https://link.medium.com/wAIVEKkZv4
https://link.medium.com/wAIVEKkZv4
Medium
5 Habits of Highly Self-Aware People
You can’t find happiness or success without finding yourself first
What Housing Loan Tenure Should You Choose When Buying Your First Home?
What Housing Loan Tenure Should You Choose When Buying Your First Home? https://omh.sg/blog/post/what-housing-loan-tenure-should-you-choose-when-buying-your-first-home
What Housing Loan Tenure Should You Choose When Buying Your First Home? https://omh.sg/blog/post/what-housing-loan-tenure-should-you-choose-when-buying-your-first-home
omh.sg
What Housing Loan Tenure Should You Choose When Buying Your First Home?
You reap what you sow
UOB and Prudential Singapore have worked in partnership to offer women a dedicated savings account that comes with free coverage for six female-related cancers
http://www.asiaone.com/business/uob-and-prudential-singapore-launch-uob-ladys-savings-account-help-women-grow-their-wealth
http://www.asiaone.com/business/uob-and-prudential-singapore-launch-uob-ladys-savings-account-help-women-grow-their-wealth
AsiaOne
First savings account in Singapore with complimentary female-related cancer insurance coverage SINGAPORE, March 9, 2020 /PRNewswire/ -- United Overseas Bank (UOB) and Prudential Singapore today launched the UOB Lady's Savings Account, the only financial solution…
What is Term Life Insurance and How Does it Affect Me? 💃🏼
https://www.plannerbee.co/learn-personal-finance/what-is-term-life-insurance-and-how-does-it-affect-me
https://www.plannerbee.co/learn-personal-finance/what-is-term-life-insurance-and-how-does-it-affect-me
Planner Bee
Term Life Insurance: What You Should Know and What To Consider When Getting It - Planner Bee
Term Life Insurance isn’t always something people consider when it comes to being financially savvy but it plays a key role, no matter your age. Understand more about term life insurance before you purchase one.
So much news about the virus, but let’s not panic and remember that dollar cost averaging could help reduce the average cost of shares in a market decline and actually give you joy as the markets crash.
https://seekingalpha.com/article/4332646-investors-consider-dollar-cost-averaging-your-way-back-market
https://seekingalpha.com/article/4332646-investors-consider-dollar-cost-averaging-your-way-back-market
Seeking Alpha
Investors, Consider Dollar Cost Averaging Your Way Back Into Market
Dollar cost averaging could help reduce the average cost of shares in a market decline and actually give you joy as the markets crash.The duration of time you choose to take to dollar cost average is
Property Agent Myth: Commission is Fixed at 2%
https://omh.sg/blog/post/property-agent-myth-fix-commission-2
https://omh.sg/blog/post/property-agent-myth-fix-commission-2
Copper Kills Coronavirus. Why Aren’t Our Surfaces Covered in It? Looks like we need some copper masks and golves 🤕
https://link.medium.com/fFgxj86Q94
https://link.medium.com/fFgxj86Q94
SINGAPORE
The MAS: Measures to help individuals include allowing them to defer either principal payment or both principal and interest payments on their residential property loans until Dec 31. Interest will accrue only on the deferred principal amount, and no interest will be charged on the deferred interest payments.
Banks around the world are suspending loan repayments as coronavirus hits borrowers
https://www.straitstimes.com/asia/se-asia/banks-around-the-world-are-suspending-loan-repayments-as-coronavirus-hits-borrowers
The MAS: Measures to help individuals include allowing them to defer either principal payment or both principal and interest payments on their residential property loans until Dec 31. Interest will accrue only on the deferred principal amount, and no interest will be charged on the deferred interest payments.
Banks around the world are suspending loan repayments as coronavirus hits borrowers
https://www.straitstimes.com/asia/se-asia/banks-around-the-world-are-suspending-loan-repayments-as-coronavirus-hits-borrowers
The Straits Times
Banks around the world are suspending loan repayments as coronavirus hits borrowers
SINGAPORE - With a global recession on the horizon as the coronavirus pandemic continues to ravage economies around the world, banks in various countries have scrambled to offer relief for those whose lives, jobs and businesses have been upended in the crisis.…
SINGAPORE: Updates on insurance premium deferment
AVIVA
Who’s eligible?
Policyholders of any Aviva Life and/or Health policy(ies), whose premium due date is between 1 April 2020 and 30 September 2020, and during this period:
· Have lost their job due to COVID-19;
· Experience a sustained income drop due to COVID-19 (such as for small business owners, private hire drivers, etc);
· Are put on indefinite/extended no-pay leave due to COVID-19 (such as for airline staff, entertainment venue staff, etc); and/or
· Are hospitalised due to COVID-19 and/or are paying for COVID-19 related hospitalisation bills for immediate family members. This is provided the hospitalised patient has not travelled out of Singapore since 27 March 2020.
How does the deferment work?
Premiums will be deferred for 6 months from the date the deferment is approved. Payment only needs to be made at the end of the deferment period. There will be no interest charged for the deferment.
Example 1: A policyholder with a monthly premium payment of S$100 has a premium payment due on 30 April. He applies for and is approved for premium deferment on 15 April 2020. In September 2020, he’ll receive a notification for the premium for the past 6 months (April - September). There will be no interest charged. Upon collection of full premium payments in arrears, his monthly premium cycle will resume from 30 October.
Example 2: A policyholder has an annual premium due on 1 May 2020. He applies for and is approved for premium deferment on 20 April. His premium due date will now be shifted to 1 November 2020. There will be no interest charged. The following year, his premium cycle will revert to 1 May.
To apply: complete the “Aviva COVID-19 Premium Deferment Form”. You can then email the form to cs_life@aviva-asia.com via the registered email address you have with or mail in a hardcopy.
Note: If the premiums remain unpaid at the end of the deferment period, policy terms will be applied. That is, the policy(ies) will lapse, be converted to paid-up, or an automatic premium loan will be applied.
GREAT EASTERN
Who’s eligible?
a. Policyholder’s monthly income has been reduced or loss of job due to COVID-19.
b. Individual policy with premium due date or policy renewal date falls on any date between 1 April and 30 September 2020 inclusive.
c. Policyholder has a history of good payment, that is policy premiums have been paid up-to-date and there is no outstanding premium as of application date.
How does the deferment work?
• What happens at the end of the deferment period?
The outstanding premiums(s) due during the deferment period are to be paid within 30 days from the expiry of the DPP Programme.
• If I have more than 1 policy with Great Eastern, do I have to submit multiple applications?
That is not necessary. Policyholder can list the policy numbers in a single application form.
To apply: to apply, Policyholder may email DPP-sg@greateasternlife.com
Tokio Marine
Who is eligible?
a. Policyholders undergoing financial hardship
b. Policies must be in-force as at 31 March 2020
How does the deferment work?
Assistance provided through a 6 months extension of grace period for premiums due between 1 April 2020 to 30 September 2020. No further details mentioned.
To apply:
Email customercare@tokiomarine-life.sg
AVIVA
Who’s eligible?
Policyholders of any Aviva Life and/or Health policy(ies), whose premium due date is between 1 April 2020 and 30 September 2020, and during this period:
· Have lost their job due to COVID-19;
· Experience a sustained income drop due to COVID-19 (such as for small business owners, private hire drivers, etc);
· Are put on indefinite/extended no-pay leave due to COVID-19 (such as for airline staff, entertainment venue staff, etc); and/or
· Are hospitalised due to COVID-19 and/or are paying for COVID-19 related hospitalisation bills for immediate family members. This is provided the hospitalised patient has not travelled out of Singapore since 27 March 2020.
How does the deferment work?
Premiums will be deferred for 6 months from the date the deferment is approved. Payment only needs to be made at the end of the deferment period. There will be no interest charged for the deferment.
Example 1: A policyholder with a monthly premium payment of S$100 has a premium payment due on 30 April. He applies for and is approved for premium deferment on 15 April 2020. In September 2020, he’ll receive a notification for the premium for the past 6 months (April - September). There will be no interest charged. Upon collection of full premium payments in arrears, his monthly premium cycle will resume from 30 October.
Example 2: A policyholder has an annual premium due on 1 May 2020. He applies for and is approved for premium deferment on 20 April. His premium due date will now be shifted to 1 November 2020. There will be no interest charged. The following year, his premium cycle will revert to 1 May.
To apply: complete the “Aviva COVID-19 Premium Deferment Form”. You can then email the form to cs_life@aviva-asia.com via the registered email address you have with or mail in a hardcopy.
Note: If the premiums remain unpaid at the end of the deferment period, policy terms will be applied. That is, the policy(ies) will lapse, be converted to paid-up, or an automatic premium loan will be applied.
GREAT EASTERN
Who’s eligible?
a. Policyholder’s monthly income has been reduced or loss of job due to COVID-19.
b. Individual policy with premium due date or policy renewal date falls on any date between 1 April and 30 September 2020 inclusive.
c. Policyholder has a history of good payment, that is policy premiums have been paid up-to-date and there is no outstanding premium as of application date.
How does the deferment work?
• What happens at the end of the deferment period?
The outstanding premiums(s) due during the deferment period are to be paid within 30 days from the expiry of the DPP Programme.
• If I have more than 1 policy with Great Eastern, do I have to submit multiple applications?
That is not necessary. Policyholder can list the policy numbers in a single application form.
To apply: to apply, Policyholder may email DPP-sg@greateasternlife.com
Tokio Marine
Who is eligible?
a. Policyholders undergoing financial hardship
b. Policies must be in-force as at 31 March 2020
How does the deferment work?
Assistance provided through a 6 months extension of grace period for premiums due between 1 April 2020 to 30 September 2020. No further details mentioned.
To apply:
Email customercare@tokiomarine-life.sg
www.aviva.com.sg
Advisory on novel coronavirus
Find out what you’re covered for with your Aviva policies, in relation to novel coronavirus (COVID-19).
What You Need To Know About MAS’ Newly-Announced Bank Loan And Insurance Premium Payment Deferments
Loan payment deferments are not without costs, so consider carefully if you really need them – and for how long
https://dollarsandsense.sg/need-know-mas-newly-announced-bank-loan-insurance-premium-payment-deferments/
Loan payment deferments are not without costs, so consider carefully if you really need them – and for how long
https://dollarsandsense.sg/need-know-mas-newly-announced-bank-loan-insurance-premium-payment-deferments/
DollarsAndSense.sg
What You Need To Know About MAS’ Newly-Announced Bank Loan And Insurance Premium Payment Deferments
Here is a look at the special measures announced by MAS on 31 March 2020 to give individuals flexibility on their loan and premium payments.
Updated with Manulife and Prudential’s announcements
https://www.plannerbee.co/learn-personal-finance/Covid-defer-insurance-premiums
https://www.plannerbee.co/learn-personal-finance/Covid-defer-insurance-premiums
Planner Bee
Details on Singapore’s Insurance Premium Deferment Schemes - Planner Bee
A primer on insurance deferment schemes for insurers in Singapore. Know what options are available to you before taking up additional loans.
Singapore - Check out what you can and cannot do over the next month.
https://www.straitstimes.com/singapore/a-new-normal?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-04-05%209%3A04%3A43
https://www.straitstimes.com/singapore/a-new-normal?xtor=CS3-18&utm_source=STiPhone&utm_medium=share&utm_term=2020-04-05%209%3A04%3A43
The Straits Times
Covid-19 circuit breaker measures: What you can and cannot do till May 4
Can you order in food or go to the salon to get your hair coloured? Read more at straitstimes.com.
Updated with AXA’s announcements
https://www.plannerbee.co/learn-personal-finance/Covid-defer-insurance-premiums
https://www.plannerbee.co/learn-personal-finance/Covid-defer-insurance-premiums
Planner Bee
Details on Singapore’s Insurance Premium Deferment Schemes - Planner Bee
A primer on insurance deferment schemes for insurers in Singapore. Know what options are available to you before taking up additional loans.
Useful tips on how to work from home effectively and happily
https://www.plannerbee.co/learn-personal-finance/how-to-work-from-home-effectively-and-happily
https://www.plannerbee.co/learn-personal-finance/how-to-work-from-home-effectively-and-happily
Planner Bee
How To Work From Home Effectively and Happily - Planner Bee
Most companies have started mandatory work from home arrangements in lieu of the Covid-19 situation. Here are some tips to keep productivity high while you work from home.
Singapore Banks Reduce Interest Rates on Their Best Savings Accounts
https://heartlandboy.com/singapore-banks-interest-rates-best-savings-accounts/
https://heartlandboy.com/singapore-banks-interest-rates-best-savings-accounts/
Heartland Boy
Singapore Banks Reduce Interest Rates On Their Best Savings Accounts • Heartland Boy
This summarises the reductions in interest rates made by the Singapore banks on their best savings accounts. Heartland Boy also offers his views and tips on
Unreal Photos That Show How Coronavirus Lockdowns Helped the Environment
https://www.vice.com/en_in/article/xgqjad/unreal-photos-coronavirus-lockdowns-impact-environment
https://www.vice.com/en_in/article/xgqjad/unreal-photos-coronavirus-lockdowns-impact-environment
Vice
Unreal Photos That Show How Coronavirus Lockdowns Helped the Environment
The question is, will the effects of this pandemic on the environment last?
How China’s tourism is coming back after the lockdown
https://www.cnn.com/travel/article/china-travel-recovery-domestic/index.html
https://www.cnn.com/travel/article/china-travel-recovery-domestic/index.html
CNN
As China lifts restrictions, here's where its people want to travel
Even though life in China is slowly returning to normal and citizens are ready to travel, the majority of post-COVID-19 trips will most likely be taken at home -- not abroad. Travel experts discuss what lies ahead for the world's largest outbound travel market.
What to look out for when investing in ETFs?
https://www.plannerbee.co/learn-personal-finance/what-to-look-out-for-when-investing-in-etfs
https://www.plannerbee.co/learn-personal-finance/what-to-look-out-for-when-investing-in-etfs
Planner Bee
What to Look Out for When Investing in ETFs? - Planner Bee
Exchange traded funds or ETFs are passive investment tools that can impact your investment portfolio. Selecting the right ETFs to invest in is crucial.
The coronavirus pandemic could erase two decades of progress in eradicating poverty in the Asia-Pacific region as it threatens to send the global economy into a deep recession
https://www.scmp.com/business/companies/article/3080320/job-losses-coronavirus-pandemic-could-force-11-million-poverty
https://www.scmp.com/business/companies/article/3080320/job-losses-coronavirus-pandemic-could-force-11-million-poverty