Zika Virus and the Insurance that insures it

Recently Zika Virus has been the most discussed topic after more and more people in Singapore are affected.

What is Zika Virus?

It is transmitted by the bite of infected Aedes mosquitoes (which bite in the daytime), identical to dengue. Zika is generally a mild disease. Zika may cause a viral fever similar to dengue or chikungunya, with fever, skin rashes, body aches and headache. However, most people infected with the Zika virus infection do not develop symptoms. There is no vaccine or specific anti-viral drugs.

52235934 - zika virus infographic: prevention, symptoms and treatment

zika-pregnant-women-take-note

Apart from preventive measures like getting insect repellents, another thing which people have forgotten to do is to get themselves insured for Zika Virus.

Thanks to our service partner, we have Tenet Sompo and Lonpac which provides insurance that cover infectious diseases.

In comparison, Lonpac covers more infectious diseases than Tenet Sompo.

Here are the 21 infectious diseases that Lonpac insures:

  1. Zika Fever (Zika Virus Disease)
  2. Middle East Respiratory Syndrome (MERS)
  3. Hand, Foot and Mouth Disease (HFMD)
  4. Avian Influenza or “Bird Flu” due to Influenza A viral strains H1N1, H5N1, H9N2, H7N7 or H7N9
  5. Severe Acute Respiratory Syndrome (SARS)
  6. Dengue Fever / Dengue Hemorrhagic Fever
  7. Variant Creutzfeldt-Jakob Disease (Vcjd) or “Mad Cow Disease”
  8. Nipah Virus Encephalitis
  9. Japanese Viral Encephalitis
  10. Malaria
  11. Pulmonary Tuberculosis
  12. Measles
  13. Rabies
  14. Melioidosis
  15. Chikungunya Fever
  16. Mumps
  17.  Rubella
  18. Cholera
  19. Yellow Fever
  20. Poliomyelitis
  21. Diphtheria

For more information pertaining to the Zika Virus Insurance, feel free to contact me at 81029976.

Hope this blog post will be helpful.

Your Dreams. My Goal. ❤

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What is Happiness and Success to you? Is Loaning money a solution to achieving Happiness?

I chanced upon one article recently which opened up my mind on what Happiness and Success is and I hope to share it with you. Click the link below to read the article.

https://nomoreharvarddebt.com/2014/01/29/teaching-a-debt-perspective-to-12-year-olds/

In Singapore, most of us have debts/loans.

Once we graduate from Polytechnic or University, we have to pay Education Loan.

When we purchase a Home, we need to pay Mortgage Loan.

When we do Renovation and if we do not have enough Cash, we will need to have Renovation Loan. There are even Furnishing Loan if you need more Cash for your furniture.

If we apply a Credit Card and we fail to make payment in time, we need to pay Credit Card Loan.

If we plan to get a Car, we might have to pay for Car Loan.

Education Loan + Mortgage Loan + Renovation Loan + Furnishing Loan + Credit Card Loan + Car Loan = Banks becoming Richer while we get Poorer.

Some charges that might be applicable for the loan. The list is not exhaustive as there might be even more charges depending on different scenarios and banks/financial institutions.

Loans & charges

It is really scary especially since loan interest is pretty high and it can accumulate very fast over time. More often than not, late payment interest will worsen the situation. You will find yourself having to work not to enjoy but to pay for debts/loans.

Personally, I do not have any credit cards, reason being, I do not want to trap myself in a financial debt cycle. I have clients who are very responsible in their usage of their credit card and they spend within their capability, earning rebates and points from card usage. Hence, credit cards can be a good way to save money if you know how to do so.

Endowment/Retirement Planning is the opposite. It uses financial products from bank/insurance/investment companies to help us grow our money.

Lose vs Grow Money

This image from the article really opened my mind.

who is happier

To me, I will rather be Ted, the one with decent amount of money in the bank, and zero debts. There are many people who are so caught up in the materialistic world such that they equate Happiness to their Materialistic Wants.

I have met many people from all walks of life and I have seen people spending all the money they have and not planning for their future. Some even ended up borrowing so much money to ‘Look Successful’. Sadly, there are financial advisers and bankers doing that too.

Now, imagine if the image I have given you previously is this:

Who is happier.png

Most people including myself, would have thought that the one with a more expensive car will be happier.

If you currently have a lot of loans to pay, feel free to contact me at 81029976 so that we can work something out together to reduce the amount of debts you have and to guide you to the right path.

Question of the Day: What is Success and Happiness to you?

Have a lovely weekend everyone!

Your Dreams, My Goal. ❤

Reality Check: Hospitalisation Bill in a C Class Ward for 48 Days

Today, I would like to share about a story of one of my client. Prior to what has happened, he felt that company insurance was adequate and insurance is not very important. An event in his life changed his perspective about it.

Due to private & confidential reasons, I will not reveal too much information about what has happen. In short, his wife is currently in coma and till date, has not been discharged yet.

I would like to thank him for providing me this interim bill and allowing me to use this to educate and to share with many others. Hopefully, together, we can help to secure the future of more families. I sincerely pray for the day that his wife will recover. I am very grateful and thankful of the chance given to me to get the rest of his family insured.

C Class Ward: Fan-ventilated 8-bedded ward with shared bathroom facilities and amenities.

This is the interim bill after 48 days in hospital:

Bill (pg 1).jpg

Bill (pg2).jpg

Kindly note that the amount reflected in this hospitalisation bill will keep increasing till the day she is discharged.

Without government subsidy, total charges amounted to $96,581.16 and to be honest, all of us do not have that much in our Medisave account. If a C Class ward can cost up to that much, can you imagine the cost of a B Class or A Class ward?

If you are unsure if you have upgraded your Medishield Life to cover 100% of your hospitalisation bill, do feel free to contact me so that I can guide you step by step.

It is the mid of 2016 already. If you have not done up a policy review for years, I hope that you can give me a chance to do up one for you. This is to ensure that your policies are still inforced and that your shortfall in your portfolio have been covered.

Feel free to whatsapp me at 81029976 for an appointment. No hardselling. This is my promise to you.

Your Dreams,My Goal.

Have a lovely weekend ahead! ❤