Archive for the ‘Education Insurance’ category

What kind of insurance should you get for your baby?

July 23rd, 2010

At the age of 31, many of my friends are entering parenthood. And that includes me! I’ve been meeting up with my friends discussing what kind of financial planning they should do for their baby. From my point of view, insurance planning for babies should be done in the following priority:

  1. Hospitalization insurance
  2. Whole life insurance
  3. Education insurance

Hospitalization insurance

This is the low cost yet the most important insurance you should get for your baby. Last year, I did a near $12,000 hospitalization claim for a baby.

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Preparing University Education Fees in Singapore

March 23rd, 2010

Another announced University education fees hike in Singapore! Local students from Universities such as NUS or NTU got to pay close to $7000 per year! That is about $2000 more than what I was paying during my time.

If you have been following the trend in University fees, you will realize that this is not the first time they had increased their fees. However, for this time round, they had a differentiated increment of fees between locals, permanent residents and foreigner students. They claimed that this is in line with the government’s move to reflect the “responsibilities and privileges of Singapore citizenship.”

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