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Thursday, September 18, 2008
AIG Woes
Stay calm.. :)

If you are currently holding an AIA policy, this might interest you.Well, basically, just to give you some insights:

AIG has been hit badly by the subprime issues. If you realised, most institutional banks and clearing house have been hit badly by this issue. And her mother company is not left off the hook as well. As of yesterday, Merrill Lynch has already been bought over by USA's largest retail bank, Bank of America, at a price value of US$29 per share. This is also the same company that Temasek Holdings have place some of their money in. Lehman Brothers, who have over 130 years of history, has also filed for bankruptcy after failed talks of a potential buyout from Barclays andBank of America.

As you might know, AIA is actually a subsidiary of AIG. AIG has got 4 core pillars of business:

1. General Insurance (Cars, House, Fire, Industrial etc)
2. Life and Medical Insurance
3. Investments
4. FinancingCurrently, the arm that is facing all these subprime issues are the Financing arm.

And I believe this is the part that you are most concerned with: Will your investments and insurance under AIA Singapore be affected? Just to let you know that AIA Singapore has a seperate insurance funds for policies. This is placed in line with Monetary Authority of Singapore(MAS) regulations. And under MAS, the required Capital Adequacy Ration (CAR)is 120%. In AIA Singapore, our CAR is 176%, way above the minimum requiredfrom MAS, which is already renowned to be more conservative and pro-consumers. This means that we have sufficient capital in Singapore to pay our claims. And on top of it, we also re-insure a higher percentage of our liabilities, which makes our obligations even safer. This CAR is also not affected by the problems faced by AIG in USA. On top of that, MAS has a Policyholder's Protection Fund managed by MAS. Under MAS official announcement made today, it states that "As aSingapore registered insurer (AIA Singapore), they are required under theInsurance Act and regulations to maintain sufficient financial resources to meetall its liabilities to policyholders at all times. AIA currently meets these regulatory requirements."
(the above information is provided by an AIA agent)

Fed to Loan A.I.G. $85 Billion in Rescue http://www.nytimes.com/2008/09/17/business/17insure.html?_r=3&hp&oref=slogin&oref=slogin&oref=slogin

On top of it,

Insurance Act, Chapter 147 Para 46(1) indicate that MAS will ensure at least 90% of the principle is returned to policy holders if insurer go burst.
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Stay calm.. Life still goes on.. :)

Posted at 12:07 AM

Sunday, September 7, 2008
Talent is Never Enough - Part I
It's another John C. Maxwell.

In his Talent is Never Enough, he revealed statistics which once again shows that academic results are in fact not everything, or most probably will not be good enough to bring you to where you want to be.

  • More than 50 percent of all CEOs of Fortune 500 companies had C or C- averages in college.
  • Sixty-five percent of all U.S senators came from the bottom half of their school classes.
  • Seventy-five percent of U.S. presidents were in the Lower-Half Club in school.
  • More than 50 percent of millionaires entrepreneurs never finished college!

In his book, he equated that talent = good academic result. I beg to differ, his stats merely confirmed that good academic result may not be everything, it just ensure your survivability in your career path, especially in the earlier years of your career.

The title of the book caught me, as it was exactly how I am feeling at that point of time. Talent is never enough, what exactly makes your talent shines are your diligence, patience and of course discipline. Without these, your talents are merely a tool of amusement to your family and friends.

Have dreams. It tells you what you really want in life. With your talent and hard work, you can sail to any destination you want.


Posted at 5:41 PM

Sunday, August 31, 2008
Wall.E


This is a Great Movieee!! This is a computer-animated science fiction film. It brings out serious issue, e.g. global warming (which 'big people' ignore and 'small citizens' don't know exactly what to do as a whole), in a lighthearted manner.

Some time alone, together, staring at the Sunset... Nice.. :)

His curiosity is just like a kid..


This is the obese ship captain. In the movie, he said this: 'I don't want to survive! I WANT TO LIVEE!'

and.. he set me thinking that so many of us are working so hard, is it to ensure our survivability solely? Are you living a life or just merely working to stay alive? Why are you working so hard?

If there is no dreams, what does that make you living on this earth? Survivor?

Well.. I am living a life. Yourself?


Posted at 8:02 PM

Sunday, August 24, 2008
Centennial Promotion !
Latest update of Great Eastern Promotion!
SLK ROADSTER ON ITS WAY TO YOU..



It's our 100th birthday, but you get to make your wish come true!

All you have to do is purchase a new policy! We are giving away $100,000 in cash, and a chance for you to drive away the exclusive Mercedes-Benz SLK Roadster in our Grand Draw!

What do you have to do to qualify for our Grand Draw?

Simply purchase a new policy between now and 31 October 2008.

Every $100 in annual premium or $1,000 in single premium will earn you one chance at our monthly $10,000 cash draw and the Grand Draw.

Customers who charge their new regular premium plans to OCBC credit cards will enjoy double chances at the draw!

Centennial Regular Premium Promotion



We have gotten a kick for giving out more and more gifts!!!

Share our joy in celebrating 100 GREAT years with Centennial Regular Premium Promotion! Receive an exclusive Centennial Wine Set (worth $100) and gift vouchers when you purchase our regular premium plans.


To find out how to make your wishes come true, please feel free to drop me an email @ Ashleyun@hotmail.com :D


Posted at 4:43 PM

Thursday, August 21, 2008
Joy and Happiness

A smile is a light in the window of the soul indicating that the heart is at home.
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Smile from your within your heart.
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How many times you are searching for happiness, awaiting for its' arrival? and only to be disappointed when the happiness you thought have arrived vanished into the thin air?
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It was as though, the happiness was not even yours to begin with.
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Dont be too hard on yourself.. you only have one life to live, and you should know that 'Happiness is not a destination. It is a method of life.' - Burton Hills

Posted at 9:57 PM

Tuesday, August 19, 2008
Financial Planning
Why did I choose to step on this path?

Cos' it is best career I could imagine embarking on, with my personality imprinted all over it as I am carving out my success.

This career seems to be the most natural career which I would ever enter and stay long enough till my hair turn grey. Monetary reward is always there, so there must be something more than it about this career that caught my eyes, and even captured my heart.

I enjoy the freedom which this career gives, I am only accountable to myself (and of cos, that means to be accountable to my family as well). I like to inspire and motivate people to do things which will be greatly beneficial them, in terms of spiritually, monetary and even physically - this gives me a sense of accomplishment; to be able to make an impact on people's lives.

Why INSURANCE?

Insurance is only one part of Financial Planning and I would say it is the core of it.

Ask yourself this: Why are you working so hard?

Cos you want to create wealth? Then tell me if is major illness coverage important to you? Without you, there is no wealth creation. Insurance coverage is used to compensate your potential economic value and also to ensure that you or your family do not have to compromise your living standard or even your dignity when something unexpected happens..

Why Great Eastern Life of all other companies?

I was pretty sure that I want to do this, so next I went on to look around for the most conducive environment for me to conduct my business.

I went to a couple of insurance companies and of cause, those independent financial advisory firms as well. There is no company which is able to impress me more than Great Eastern Life. They have been a hometown brand for a century till this date, and I have not came across any negative newsreport on it. All positive news in fact! Like how they gave out special bonus, when good profits are reported. Yea, they are the only public listed insurance company in Singapore! that makes them have to be more transparent in the product packaging and of cause the premiums and profits.

One thing which I really liked about Great Eastern agents, are that they are never too pushy or too eager to sell a product. That's one pushing factor for me. Instead their approach towards financial planning is more holistic, and this greatly benefits me in my career advancement as I am more about to proper advice them on achieving their financial goals, rather than just pushing a product to them!

It is a very saturated industry already.. Too competitive isn't it?

Well, most of the common industries are saturated. Tell me that banking line is not? Engineering is not? There are people everywhere! Even the cleaners' market is very hot too!

This industry will always open arm to whoever who wants to set their foot in, and it is totally up to the person if he wants to be successful in this business.

Well, let's see. Banks have many departments, many employees in each departments, and how many head of the departments are there? A lot. and out of the many employees, who can really make it to the top? A few. Did your boss not tell you that the 'top position market' is very saturated as well?

In short, there are people everywhere, anywhere.

Saturated is simply an overused term for my industry.

Eh.. Sure Succeed???

If we cannot even hold success in our hands, what else can we hold?

Ask yourself this repeatedly: Why are you working so hard for?

The answer might just be the one you are looking for. :)

Posted at 2:09 AM

Tuesday, August 12, 2008
Leap a Step Closer to Your Dream
"What is your dream?"

Have you thought about this? If not, it is time to start to thinking about it.

A Dream without A Plan is merely A Wish.

How many wishes have you make over the years? and most importantly, how many have came true for you?

I have learnt to stop making wishes, and make steps to realise my dream. I am not going to start blogging about success only when I have fully attained them. I am going to start it today, right away. Why wait? When you can do it right now.

Procrastination is the Greatest Opportunity Cost.

Procrastination is one of the men bad habits and it never stop to cost more. Don't let it deprive you of what you ought to have and what you should be already having.

You may find that at times you have problem making decision, like career switch or even to get a second insurance policy; you think of the various options and alternatives, and of course the consequences which comes with it, rehearsing it a number of times in your brain and try to come up with a decision which is logical yet seeming favorable to your current situation - You may in the process lost whatever unseen opportunity which is presented in front of you, and only to realised that when it is too late.

Do whatever your heart desired, cos' at the end of the day, you are only accountable to yourself and no one else.

No one is going to share in your sorrow when you fail. So, have your own stand and stick with it.

Posted at 12:30 AM

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