Investment
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Saturday, April 29th, 2006Click here to view peaceful garden pictures The rates of return of traditional cash value policies such as whole life and endowment have been considered not competitive to the policyholders. To be competitive with other financial institutions, the investment-linked insurance have been introduced with the following features. 1. Variety of investment Unlike the traditional cash [...]
Investment-Linked Policies
Friday, April 28th, 2006Investment-linked products have surged in popularity as individuals are attracted by the potential of better returns. In such products, the element of life insurance is completely spearated from the investment. A portion of each premium is used to buy life cover and to meet the company’s expenses and agent’s commissions while the rest is invested [...]
SRS Investment
Tuesday, March 14th, 2006Before you invest, you need to make a contribution to the SRS account. You may only make this contribution after your SRS Operator has calculated your SRS contribution cap based on your income earned in the preceding year. After making your contribution, you may invest this amount in a wide range of financial assets, including [...]
Supplementary Retirement Scheme (SRS)
Monday, March 13th, 2006The Supplementary Retirement Scheme (SRS) was set up in April 2001 as part of the Singapore government’s multi-pronged strategy to address the financial needs of a greying population.The SRS complements the Central Provident Fund (CPF). Unlike the CPF Investment Scheme, participation in the SRS is voluntary. Participants can contribute a varying amount to SRS (subject [...]
CPF Investment Account
Sunday, March 12th, 2006How to open CPF Investment Account CPFIS-Ordinary Account You can open a CPF Investment account at any of the 3 agent banks listed below: Development Bank of Singapore (DBS) Ltd Overseas-Chinese Banking Corporation (OCBC) Ltd United Overseas Bank (UOB) Ltd You need to bring along your identity card and your CPFIS statement. Your agent bank [...]
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