Money Hacks Ep 45: How to choose insurance in your 20s 8:44 mins Synopsis: In this podcast series every Monday, The Straits Times and The Business Times break down actionable financial tips. This episode is brought to you by OCBC Bank. It is aimed at insurance, a product which the young in their 20s need, but sometimes find it hard to figure out what they should get first. Money Hacks' Chris Lim hosts 29-year-old Navin Sregantan, a journalist at The Business Times and Mr Kelvin Goh, OCBC Bank’s Head of Investments and Wealth Advisory. In a Jan-Feb 2019 Frank by OCBC survey of 866 students and young working adults aged 16-29, only slightly more than half were aware of different insurance products, and less than half considered themselves knowledgeable about insurance. Are there still myths or misconceptions about insurance? 1:10 mins - Banks actually do provide some insurance plans, and how to use self-service banking tools like OCBC Life Goals to plan and identify gaps and … [Read more...] about ST Podcast: How to choose insurance in your 20s
Get life insurance
Times of our life
Life is not always happy but you must always think about what will make you happy and always work towards that. In the blink of an eye we are almost halfway through the year. At the end of this month 2019 will be halfway over. Recently I spent some time with our grandchildren. Charming little Zari celebrated her fourth birthday in a lovely red dress. She loved the ribbons on her gifts, wove them on the backs of chairs. She said they would get “yonging.” It took me a bit to figure out she meant “longing,” the ribbons would get longer as she wove. What an enviable imagination she has! She showed me her birthday cake, tried to poke her chubby finger into it. She loved her gifts, knew exactly what they were. Then she turned quiet, engrossed in playing with her new toys. Her much older sister Iva, who is 13, sat and talked with me about time and what it meant at her age. When she was in the lower grades, time absolutely crawled. It took so long to have anything … [Read more...] about Times of our life
African-Americans less likely to get rehab care after injuries
(Reuters Health) - When people with moderate or severe injuries are discharged from the hospital, follow-up care, especially at rehabilitation centers, is a crucial part of their recovery - but African Americans are less likely than white patients to seek out or receive these important services, a U.S. study suggests."The results are important in that they highlight yet another disparity that exists in this vulnerable patient population," study coauthor Dr. George Kasotakis from Duke University School of Medicine in Durham, North Carolina, told Reuters Health by email.Kasotakis and colleagues analyzed data from three trauma centers in Boston on 182 black and 1,117 white patients who were injured between December 2015 and July 2018.When contacted between six and 12 months after they'd left the hospital, only 64.3 percent of the black patients said they had sought rehab services after discharge, compared to 79.8 percent of white patients. Similarly, only 40.0 percent of African-Americans … [Read more...] about African-Americans less likely to get rehab care after injuries
An OFW asks, ‘Should I buy my health insurance now for my retirement in the Philippines 10 years from now?’
An OFW asks, 'Should I buy my health insurance now for my retirement in the Philippines 10 years from now?' Question: Hi Miss Rose! I wish to check your thoughts on this po. OFW po ako in Singapore. Maganda ang health insurance coverage namin dito pero gusto naming maghanda para sa aming retirement sa Pinas probably in 10 years. Naisip naming kumuha na kami ng insurance kahit na overseas pa. Kaya lang parang walang health insurance product sa Pinas na suitable sa OFW. Any suggestions po? Mag-iipon na lang po ba kami at bibili na lang ng health insurance paguwi namin sa Pinas? Ang downside po kasi e baka may pre-existing conditions na by that time. Looking forward to your inputs po. Thanks and God bless. Answer: Hi Resie. I’m glad to hear that you currently have a good health insurance coverage in Singapore. I also admire your proactive attitude about your retirement and a good retirement definitely includes your health matters taken care of. It is … [Read more...] about An OFW asks, ‘Should I buy my health insurance now for my retirement in the Philippines 10 years from now?’
What it takes to get to Myanmar’s highest peaks
There are those who go mountaineering after practising with climbing clubs and there are those who go on hiking trips by signing up with travel agencies. Hiking is rougher than ordinary journeys that most people go on. “People asked me why I go on tiring hiking journeys and my answer is I like the feeling of stepping on the peak,” said avid hiker and climber Ma Khin Zarli. Thanks to her passion for hiking, she joined a university mountaineering club called Thabawa Khawthan Foundation (Nature’s Call) in 2013m and has been happily pursuing her hobby since. In April this year, she successfully reached the peak of Mount Phon Kan Razi in Kachin State, which is 3635 metres tall. There are different types of mountains and all have a lot of difficulties and dangers, Ma Khin Zarli said about her mountaineering experiences. She said she’s proud of herself for her effort and determination and feel a great deal of accomplishment when she reaches the summit. … [Read more...] about What it takes to get to Myanmar’s highest peaks