I am preparing for the upcoming operation of my mother due to her kidney stones. Since I know that it will cost a lot of money, I started saving money since December last year and her operation will be this upcoming July. I'm thinking to put the money in the bank since it was dangerous keeping it all in my wallet or be left in the house, plus the interest will be of great help.
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I established a company in Singapore this April. I'm going to open a corporate bank account right away. For the time being, we mainly pay salaries to employees and receive money from clients. My friend recommended OCBC or UOB bank, but I'm not sure which bank to choose. Which bank do you recommend?
Their coverage for overseas medical expenses, personal accident, travel delay and baggage delay are now slightly above average, which is awesome. Furthermore, as a pet owner I greatly appreciate them adding in the new category for pet boarding. In general, the Tokio Marine’s coverage is really quite comprehensive and they even cover most tourist adventure sports done at a leisure level. This includes bungee jumping and skydiving, which some other insurers don’t cover.
Tokio Marine TM Xplora Premier / Tokio Marine Insurance Singapore
ERGO TravelProtect Deluxe provides cover for leisure and other sports activities like hiking, skydiving, scuba diving and hot air balloon ride. ERGO compensates an insured person aged 70 years old and below with up to $1,500,000 for medical expenses made overseas and a maximum of up to $200,000 repayments for insured person aged 70 years old and below with a $50,000 total daily hospital allowance.
ERGO TravelProtect Deluxe / ERGO Insurance
You are covered for adventurous activities like bungee jumping, skydiving, paragliding, hot air ballooning, jet skiing, white water rafting, diving and general snow sports like skiing and snowboarding. There is also decent golf coverage for equipment, unused green fees, and hole-in-one (that should please all the golf lovers). However, you will only get the adventure cover and golf cover for Elite and Premier plans (too bad golf lovers).
MSIG TravelEasy Standard Pre-Ex / MSIG Insurance Singapore
This card allows you to pays up to $S20,000 under Trip Curtailment even if you have to remain overseas for medical treatment and pays up to S$12,000 for the unrecoverable deposits under Trip Cancellation. Your Personal Accident cover starts 3 hours before departure with a high medical coverage of up to S$600,000 for medical and accidental dental treatment whilst overseas with an automatic extension of policy for up to 30 days if you are hospitalized or placed under compulsory quarantine while overseas upon the written advice of a Doctor. You receive up to S$10,000 for lost personal effects and reimbursement to replace the essential items and an automatic extension of policy for up to 72 hours if you are unable to complete your trip as planned due to Public Transport delays that are not your fault
HSBC SmartTraveller (Essential Plan) / HSBC Bank Singapore
Allianz Global Assistance provides decent travel insurance options for consumers and excels in two specific types of coverage which are coverage for travellers going on longer trips and for those traveling with children. Where most companies top out around three months.That I think is an essential feature for college students studying abroad or recent grads taking extended backpacking trips. Now if you’re a frequent business traveller, Allianz also offers four different annual plans, which allow you to pay a fixed fee for continuous travel insurance throughout the year.
Allianz Family Travel Insurance / Allianz Global Assistance Singapore
In case you were not aware, most travel insurers do not cover claims resulting from pre-existing medical conditions while you are overseas, but thankfully Tiq Travel Insurance does so you can go right ahead and opt for one of their Pre-Ex plans to adequately cover yourself on your travels.Some common examples of pre-existing medical conditions are Diabetes, Stroke, Asthma, Cancer and Epilepsy
Tiq Travel Insurance / Etiqa Insurance
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There are lots of available banks that gives up to 3% interest rate to your savings but surely, there will be minimum amount that should be left in the bank. It is also good to apply a savings plan which guarantees the client that the cash deposited/saved in the bank will grow as time goes by. It will be of great help in the future when medicines are needed to be bought because the expenses will not stop after the surgery.