Magdalene Loh

How much personal information should you disclose when buying insurance? Our CEO Dennis Lun was recently interviewed by Channel C about a medical insurance claim case. A son bought a Voluntary Health Insurance Scheme (VHIS) policy for his father over age 60. Within a year, the father received a stage 4 brain cancer diagnosis and filed a claim. Unfortunately, the claim was denied and the policy was eventually voided, due to alleged undisclosed medical history, including back pain. Dennis emphasised the duty of "utmost good faith" in insurance. Applicants should disclose all medical history to avoid claim denials and policy voiding, even if the undisclosed condition (such as back pain) is unrelated to the claim (brain cancer). On the other hand, Dennis recommended that insurers arrange medical check-ups for older applicants before accepting the policy to minimise future disputes. Program Replay: https://lnkd.in/grjE9spK #10Life #10LifeHK #BringFairInsuranceToLife #FairInsurance #FairClaims #Insurance #Claims

25

Was just talking to someone about how easily someone is called an expert. So many experts in this piece. I think there’s only one among these who can speak with authority and that’s Tan Suee Chieh. He has been consistent in his opposition to the deal with clarity of thought and argument. I’m waiting for ‘experts’ who have rushed to support it without much thoughtful analysis now preparing to do Simone Biles standard backflip to support the government blocking the deal. While I’ve spoken out on several issues with the deal, the only area where I’ve really added something different was about the serious conflict of interest involving the Income Insurance chairman, and how that could taint the deal. From my experience, when there’s a serious conflict, there is almost always a problem with a transaction. Often, it’s not in the best interest of the company and its stakeholders- and in this case, it is indeed not, in it’s current form. https://lnkd.in/gCE_JgDb

111

16 Comments

🚨 Facing the EPF Challenge: How Young Adults Can Secure a Better Financial Future The latest report reveals an alarming fact: many young adults in their 30s lack sufficient EPF savings for retirement. With rising living costs and unexpected economic shifts, building a stable retirement fund can seem daunting. But here’s the good news—this is a challenge that can be overcome with the right approach and knowledge. 🔹 Why is this happening? • High Living Expenses: Rising costs make it challenging to save, even for essential needs. • Career Flexibility & Gaps: Job transitions, gig work, and career breaks can impact EPF contributions. • Economic Uncertainties: Events like the pandemic disrupted income flow, forcing many to dip into their savings. • Lack of Financial Planning: Many young professionals aren’t aware of effective retirement and investment strategies, which leads to insufficient savings. 🔹 How can you address this issue? • Set Clear Financial Goals: Define your retirement goals and make a plan to achieve them, no matter how small the steps may be. • Start an Investment Strategy: Consider options beyond EPF, like savings plans, investments, or private retirement schemes. • Increase Financial Literacy: Understanding financial basics is the foundation of a secure future. To help you take control of your finances, we’re offering a Financial Planning for Young Professionals short course at our Business School OJH Consulting. This course is designed to empower young professionals with essential tools and strategies to plan for a strong financial future. 📅 Course Highlights: • Building a strong foundation in budgeting and saving. • Step-by-step guidance on retirement planning and EPF management. • Expert insights on investment options that align with your goals. Don’t let financial uncertainties hold you back. Start planning now to ensure a comfortable future. 📲 Ready to take the next step? Message us on WhatsApp to learn more about the course details, schedule, and registration: 👉 https://lnkd.in/gsnxRKaT #FinancialSecurity #RetirementPlanning #EPF #YoungProfessionals #FinancialEducation #BusinessSchool #MacksOng #OJHConsultingGroup

7

"In the near future, both the Chinese Mainland and Hong Kong will face the challenges posed by an aging population. It is essential that we offer a range of health protections products for this elderly demographic," Sally YW Wan, CEO of AXA Greater China, told us in an exclusive interviews. "In the context of the Greater Bay Area integration, the interconnectivity of the insurance industry plays an important role," Sally further pointed out, "AXA has made several adjustments to adapt to this integration. A primary change was the expansion of our medical network, which now not only spans the nine Mainland cities of the Greater Bay Area but also extends to other major cities like Shanghai and Beijing, covering over 290 cities in total. We have also enhanced our support services at top-tier hospitals to ensure that Mainland clients have medical coverage when they visit Hong Kong and Hong Kong clients are equally protected when in the Mainland." Notably, the development of the new economy has spurred the expansion of the insurance sector. " In both Hong Kong and the Chinese Mainland, the development of new energy vehicles is progressing rapidly. The insurance industry has found a new direction that aligns with the development of new energy vehicles and batteries, allowing it to grow alongside the new energy industry," Sally explained. 

1

#FinLitNewsFlash Interesting insights on the state of insurance coverage for young adults by TODAY Mediacorp Pte Ltd. Key pointers of the article - Many young adults in Singapore are under-insured, industry figures showed. - Various survey results found that a majority of Gen Z respondents lack coverage for critical illnesses and accidents. - Reasons for under-insurance included a focus on immediate goals, irregular income from non-traditional jobs, and a "live in the moment" mindset. - Some parents would buy insurance for their children but without updating policies, so young adults can still be under-protected. - Insurers said that closing this gap would require better education, tailored coverage, and engaging young adults through innovative methods. (Source TODAY ) #financialliteracy #financialeducation #insurancecoverage #insuranceprotection #financialplanning #planningforthefuture #youngadults https://lnkd.in/gKFswuan

7

Apac family offices use philanthropy to blood next-gen. Regional family offices are increasingly using their philanthropic ventures as a training ground for younger family offices, say private banks. https://lnkd.in/gqdFZPsA

2

Time builds meaningful connections. The heart chooses who stays. And our actions? They determine who remains by our side. Credence Singapore GREAT EASTERN Great Eastern Financial Advisers Private Limited As I reflect on relationships and success, I've noticed something profound: Some connections fade naturally, while others grow stronger with time. Why is that? 🤔 I've discovered three essential truths: 1. Timing brings people into our lives → Sometimes unexpectedly → Often when we need them most → Usually for a specific reason 2. Our hearts make the choices → Who resonates with our values → Which connections feel authentic → Where we invest our energy 3. Our behavior determines longevity → How we treat others → What we give to relationships → Whether trust grows or diminishes As 2025 approaches, I'm reminded that success isn't just about professional achievements. It's about: 🌟 Nurturing relationships 🌟 Supporting loved ones 🌟 Creating lasting bonds 🌟 Building trust 🌟 Showing up consistently The most valuable connections in my life taught me: → Professional success means little without people to share it with → Family grounds us during challenging times → True friendships withstand life's tests Looking ahead to 2025, I'm focusing on: ✨ Quality time with family ✨ Meaningful professional relationships ✨ Authentic connections To my network: May your 2025 be filled with genuine connections and meaningful relationships. Remember Your next great relationship might start with a simple hello. What's your focus for building stronger connections in 2025? Share your thoughts below 👇 #brandbuildertalents LinkedIn News Asia Get Hired by LinkedIn News Asia Nanyang Technological University Singapore Working on strengthening your professional relationships? Let's connect. I'm Carynl, your financial branding mentor, ready to help you build your financial future or career approach me today, simply give me a direct message.

50

2 Comments

As the 5th ASEAN Digital Ministers Meeting (ADGMIN) convenes in Bangkok this week, there is much anticipation surrounding the future of digital transformation across the region. As digital economies continue to evolve, this summit holds immense potential for forging deeper cooperation, advancing digital governance, and addressing shared challenges. The meeting can serve as a powerful platform for ASEAN nations to align their digital agendas, create more integrated markets, and strengthen collaborative frameworks. In particular, the emphasis on cybersecurity, data privacy, digital infrastructure, and innovation can lay the groundwork for stronger cross-border digital partnerships. With digitalization at the core of economic growth, this meeting presents an opportunity for countries to chart a clear path towards inclusive digital economies, where no nation is left behind. At the same time, it is important to recognize the challenges that remain. Disparities in digital infrastructure, regulatory complexities, and varying levels of digital literacy across member states will require thoughtful and sustainable approaches. It is vital that the outcomes of this meeting focus not just on ambitious projects, but on actionable steps that can bridge these gaps effectively. Ultimately, the ADGMIN in Bangkok provides an important opportunity to demonstrate the collective power of collaboration. #ASEANDigital #DigitalTransformation #Cybersecurity #Innovation #Collaboration #DigitalEconomy #ASEANSummit

7

Last week, we co-hosted another successful event with CMS Asia Pacific, where industry experts Joyce Lai Peggy Lim Kushal Gandhi Wei Ming Tan and our moderator Asya Jamaludin shared value-packed insights into navigating the ESG landscape. 🌿 We explored effective ways in mitigating ESG-related risks, compliance and governance, as well as how employers can integrate key ESG strategies to enhance their workforce. For more industry events and partnerships, please visit: https://lnkd.in/gcxr5b6f #ESG #Compliance #Risks

23

DS Academy recently conducted a 3 hours masterclass on legacy planning and its practical applications. I always feel the true value of training is the tangible outcome it delivers. Here is a testimonial by one of our participants who attended the session: I attended Darric’s training and masterclass. The session was thorough and insightful, particularly in the way it covered key comparisons and strategies related to IUL products. The content was presented in a clear, engaging manner, which made complex topics easier to understand. After the session, I consulted him privately, and I was impressed by his deep knowledge and willingness to provide tailored guidance. Thanks to the coaching and mentoring I received, I was able to confidently approach my potential clients and successfully close my first Universal Life policy within just a week. 😊 See more testimonials here https://lnkd.in/g62EWGsK As DS Academy turns 5 years old last month, we have never strayed from our principle of having impactful masterclasses and customised training solutions catered to financial consultants and planners in the industry. It may not be easy, but it's not impossible to better understand legacy planning tools and solutions. If you are looking to improve ya technical knowledge and also practical applications of key concepts relevant to this business, drop us a message and dm so we can assist you! #lifelonglearning #conceptbasedselling #legacyplanning #financialknowledge #mentoring #coaching #impactlearning #masterclasses

11

7 Comments

“As the new academic year began in August, students at the National University of Singapore (NUS) saw an unusual number of foreign visitors on campus. Tourists crowded shuttle buses and canteens, and milled about libraries, research labs and even accommodation facilities. This was not the first time that Singapore universities had received an influx of tourists. They flocked to NUS and the Nanyang Technological University Singapore (NTU) in February. NTU responded by imposing a fee on tourists and requiring tour groups to seek approval prior to visiting. Many Singaporeans were bewildered by the phenomenon. Why were tourists treating NUS and NTU, places for teaching and learning, as attractions? To put it simply, they look at NUS and NTU just like how many in Singapore perceive top universities such as University of Oxford and University of Cambridge in the United Kingdom. Tourists to NUS and NTU generally hail from China, and some told reporters that they came to show their children what Singapore campus life is like. In recent years, NUS and NTU have emerged as top universities globally, placing 8th and 15th respectively in the latest QS Quacquarelli Symonds World University Rankings. This is an attractive factor for parents and prospective students, who believe that high-ranking universities might give graduates a competitive edge in the job market. Visiting the campus in person is the best way to find out if the faculty and academic environment is suitable for them.”

3

1 Comment

Some months ago on Singapore's National Day, I shared a poem that I wrote titled "Grow". Some friends encouraged me to compose a song with this poem, knowing that I had some earlier compositions. So I decided to use AI to do so...rock version, renamed as "It's Okay". And guess what...it's completed within minutes, including full music arrangement, instrumentation and vocals - amazing! (PS: for my previous compositions, it took several months end-to-end to complete, including recording.) Enjoy...Happy weekend. 📀 "It's Okay" (Lyrics: Him Chuan LIM; Music: AI) (Verse 1) We count our blessings, Making a difference today, Hope for a better tomorrow, As we start another day. With the courage to press on, Gratitude as our way. (Chorus) It’s okay, And we say, It’s really okay, To be not okay, So long as we keep our faith, On our voyage amid winds and waves. (Verse 2) You think you’re alone, Caught in dismay, Truth is in this world, Many do not say. Our stories might be different, But sharing if we may. (Chorus) It’s okay, And we say, It’s really okay, To be not okay, So long as we keep our faith, On our voyage amid winds and waves. (Bridge) Speaking like a victim, That’s not the way, Not always black or white, Often shades of gray. Finding a way out, Beaming like sun rays. (Verse 3) Life is a journey, That’s what we say, Ups and downs, twists and turns, They are here to stay. Past is history, future unknown, We do our best for the present day. (Chorus) It’s okay, And we say, It’s really okay, To be not okay, So long as we keep our faith, On our voyage amid winds and waves. #grow #ai #musiccomposition

78

7 Comments

Rently Care: transforming the rental journey by eliminating deposit stress. We pay upfront, handle disputes, and ensure fairness every step of the way—all while offering complimentary insurance. Because renting should be simple. 🏠🔒

7

🌐 Navigating the Investment Landscape: Key Insights from Endowus' Private Wealth Report 2024 🌐 Endowus has released its comprehensive Private Wealth Report 2024, offering invaluable insights into current investment trends, portfolio strategies, and the economic outlook for the upcoming year. This report delves into various asset classes, risk management practices, and how global events are shaping financial strategies. Read the full report for in-depth analysis and expert perspectives: Source: [Endowus Private Wealth Report 2024](https://lnkd.in/eWRPeVV4)

1

{Prof Invest Only} We are delighted to share that Mirova has been named Best Fund Provider – ESG/Sustainable Equity at the Asian Private Banker Asset Management Awards for Excellence 2025 ⭐ Category: Best Fund Provider – ESG/Sustainable Equity Winner: Mirova Asian Private Banker Asset Management Awards for Excellence 2025: https://bit.ly/49ynt3V Award methodology available: https://bit.ly/3D9GtcM References to an award, label or ranking are not an indicator of future performance and do not constitute a fund offering. The designation “Best Fund Provider” is the award name only given by Asian Private Banker and is not indicative of the performance or returns of any funds.

37

1 Comment