SBF Silverwings / HOM Cafe 2012

[scoobydoo]

Other than Enhanced Medishield (buy with CPF Medisave) with additional Riders, what else is there?

The most important part is to understand how other calculate and plan.

So if we are planning for ourselves, wont miss out some of the costly elements ...

basically, can sum up under 3 categories:

+ Protect ... against unfortunate events in life,

+ Save ... for retirement & rainy days,

+ Invest ... money no enough; pay-n-pay, how to enough

 

IMO, we need these...

 

(a) accident ... protection; personal accident (aka PA) & disability plans

imo, this is a must have, especially when our motorcycle covers only 3rd parties.

in case we forgot, motorcycle insurances do not cover the riders, unless we pay extra for PA add-on coverage.

 

(b) minor sickness ... protection; employer or self-pocket "plans"

if self employed (including home makers), suck thumb lor.

 

© sick & hospitalised/surgery ... protection; medical/health plans, hospitalisation & surgical (aka H&S) plans

there're a wide range of medical and H&S plans in the market, from the government introduced MediShield/ElderShield (basic coverage that pays part of the bills) to commercial plans (more complete/customisable coverage depending on needs & affordability, e.g. Prudential's PruShield extra).

imo, additional coverage on top of the basic MediShield/ElderShield is a must have, especially when medical costs has skyrocketed over the years... leading to the common saying, "can die cannot get sick".

 

(d) sick with critical illness ... protection; critical illness plans

critical illness plans are generally riders, thus base life plans are still required. the basically accelerates the payment of life plans's protection amount (depending on how much is purchased) in one lump sum upon diagnosis of any one of the 30 critical illnesses (see link for e.g. http://www.income.com.sg/insurance/luv/30illnesses.asp)

 

(e) kick the bucket ... protection; life plans (with returns), or term plans (usually no returns)

some people say, die liow "no worries liow" but that's only true if you've no one to take care of.

basic coverage is for death & disability but may be added with extras for investment, critical illness, etc.

primary difference between life and term plans is one has cash value during the course of the plan while the later has no "take-backs".

imo, we need to protect our loved ones, unless if we're like Mr 无十三 who is 无名 无姓 无父 无母 无兄 无弟 无姐 无妹 无师 无徒 无亲 无友 无身份

 

(f) kick the rice bowl ... savings; retirement plans

if you've got loads in bank to provide for our post-employment living needs, can skip this. but hey! how many of us can confidently say "i've got enough"?

depend on CPF? many of us (if not most) can forget it cos we won't get to "depend" on the monies that're "saved" inside, especially when the bulk is wiped-out after purchasing a property and the minimum sum keeps on increasing.

if you're a farmer or peasant like me, suggest you seriously consider putting a sum aside for such plans.

 

(g) spare monies ... investment; investment plans

money no enough, so need to make money grow monies http://i782.photobucket.com/albums/yy109/Barkkid/smiley.jpg

 

(h) ride overseas ... protection; travel insurance

for rider who go up north regularly, i'ld strongly recommend to buy an annual travel insurance policy.

some riders see this as redundant, but you'll never know when you're going to wake up with a stiff and unable to continue riding or slip down the stairways of a hotel breaking something

 

 

got spare time ... go makan, lim kopi and ride ride ride

 

 

 

p/s: i'm not an insurance agent so pardon me if some info i just shared is "less accurate".

[Jupiter9002]

scooby ... technical thread also provide financial planning now .. haha

[SGGH]

LOL! I am a financial adviser for four years now. I concur with Scooby doo. however (b) is actually your own savings, cos small sickness, unless company covers, it's self pocket. and for (g), don't go for Investment linked program unless you have 20years to spare. It will take a while and careful planning to choose 2 funds that are opposite polarity, so that you can capitalize the returns.

 

Go for secured retirement plans and savings program instead.

[SGGH]

O ya, for the healthcare program. Just go for AIA's. The benefit are more precise.

 

To claim 100% of medical bill up to standard room in a private hospital(means govt also included), Criteria is:

1) 6 hours in the hospital or warded or observation(remember to ask the attending doctor to add "Short stay" in the medical report.)

2) pay a deposit, nego with your attending doctor, (if required, usually in private hospital, they need.)

 

Extra benefit-

1) cover additional bed.

2) if you go for B1, additional $150 cash will be given to you per day. If it's B2 and C, it's $250. This will be a very power benefit as, if someone requires a really long stay in the hospital, means no income. This will sustain the family.

 

*other company do not have the "short stay" feature, cos sometimes govt no bed, your case not endangering, you will only be in observation ward for a day. Thus I tink it stands out the most.

[SGGH]

my 2cents worth. if need help with claims, let me know. O ya, accident plans for AIA also cover Tui-Na. Means you walk home, sprain your leg, it's claimable.

[Jupiter9002]

Wow .. SGGH ... power ...

[SGGH]

No la. and btw i'm not promoting. hehe. disclaimer. I am only here to ask about bikes, cos I prefer rides to drive. (maybe minus the current strange weather of extreme heat and sudden rain.)

[scoobydoo]

scooby ... technical thread also provide financial planning now .. haha

no lah... no financial planning

 

just trying my best to help pp understand the various needs to protect on covering oneself in case of unfortunate events.

i've personally seen pp suffering becos of no insurance and also pp benefiting from the $99 annual travel insurance at the CMO section.

 

in actual fact, i'm still trying to convince my eldest brother about buying travel insurance... he still thinks it's a waste of $$

[scoobydoo]

my 2cents worth. if need help with claims, let me know. O ya, accident plans for AIA also cover Tui-Na. Means you walk home, sprain your leg, it's claimable.

bro, AIA got any annual budget travel insurance that also covers our biking trips up north (touring, makan/shopping/movie trips)?

 

some of us have bought this...

Annual Budget Travel Insurance fr $99 a year

 

i intend to renew my policy when current one expires in next month (me & wifey)

 

added:

from Jamerson, this budget plan will be withdrawn soon... maybe liow lui

Edited May 16, 2013 by scoobydoo

[scoobydoo]

Oh .. forgotten about the other side of the railmall.

So today we go there makan dinner ?

so tonight Korean food?

 

hmmm... c u all at CB later

Edited May 16, 2013 by scoobydoo

[SW9000]

Sunday Short Ride cum Movie

 

Day: Sunday

Date: 19 May 13

Meet Time: 7am (JB Shell)

 

Part 1

8am-9am: Kota Tinggi Bah Kut Teh.

 

Part 2

10.30am: Bukit Indah.

Watch 11.45am Movie - Star Trek

 

Interested:

1. sw9000

2. Atlantic 200

3. Helmetbox

4. Jupiter9002

[SW9000]

We were talking about Eldershield tonight.

 

Seems like NTUC and Aviva offers better returns for lifetime payout with their enhanced plans?

 

Anyone done a closer comparison?

[scoobydoo]

won't be joining the CH trip... got other plans liow

[nukye]

Yes bros, the 10w-40 is being used for our gear drive. Its being confirm by Honda service centre. At last they admit their mistake.

[scoobydoo]

thanks guys, for the advise on choosing between investing in a pair of homeplugs over replacing the singtel wireless router.

 

gonna grab a pair of Aztech later...

+ HL110EP(A) = 200Mbps with AC pass through

+ HL110EW = 200Mbps Wireless-N with 2 Ethernet ports

 

Fuwell @SLS selling $115, let's see how much i can get from Challenger

 

 

update:

bought from challenger at $119 ($4 more)...

less away $1 for ERP, $1 for parking, $2+ for petrol... same same plus save time

 

btw, challenger is running a promo for MS Office 2013 home & student edition, $169 till end of month. can consider if you're thinking cos SLS selling $180+, direct from MS is $179.99

Edited May 17, 2013 by scoobydoo

[SW9000]

Anyone got parts manual for SW-T?

[Atlantic 200]

challenger is running a promo for MS Office 2013 home & student edition, $169 till end of month. can consider if you're thinking cos SLS selling $180+, direct from MS is $179.99

 

Haha.... why buy so exp. Mine only $15

 

[Jupiter9002]

Haha.... why buy so exp. Mine only $15

I have been using open-office ( previously star-office ) for the last 10 years .. totally free.

[Jupiter9002]

To be frank, most of the users can only utilised 5% of the strength of MS Office, so no point wasting money on something that you only uses 5% to 10% of the feature. To me .. it is too costly. Unless $15 la .. haha ...

[SGGH]

lol, true. anw how to keep the plastic black penal shine again?

[Nighthawk_250]

Hey Guys ...just a heads up

 

today I left my bike keys inside the seat trunk while in Johor, almost want to ki siao..

 

and I found out how to take it out without the keys

 

Won't post openly how to do it, just beware not to put ur valuable in the under-seat storage

[scoobydoo]

Haha.... why buy so exp. Mine only $15

 

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can buy 2 for me?

[scoobydoo]

lol, true. anw how to keep the plastic black penal shine again?

i was scratching my head wondering what black "penal" ... spelling is... errr... pen**

then... oic

 

can try tyre shine or detailers like the maxima SC1 or turtle black detailer, etc.

 

http://www.maximausa.com/shopping/images/SC1.png

[scoobydoo]

gonna grab a pair of Aztech later...

+ HL110EP(A) = 200Mbps with AC pass through

+ HL110EW = 200Mbps Wireless-N with 2 Ethernet ports

it works!!!

[chuan.z]

Haha.... why buy so exp. Mine only $15

 

So good kang tao...

 

Anyway, anybody got softcopy of the FJS/FSC 400/600 service manual? Don't want the German one...