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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.

Stay calm.. Life still goes on.. :)

Posted at 12:07 AM

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


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. . Stay calm.. Life still goes on.. :) Posted at 12:07 AM end 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 end	Who am I? start I am Chua Ashley. Born and raised in the sunny island Singapore. Graduated with BSc in Banking and Finance (Hons) in 2007. ROARR!! I am just too glad to be out of school. Life's Great! when you know what you are living for each day you open your eyes. What do I do? start I am a Financial Planner with Great Eastern Life since I graduated from school and since it has been an inspiring journey for me. My job is to bring inspiration to you, motivate you to become a better being, and to eventually help you to achieve your financial goals. There are definitely dreams which you have been holding on dearly, in monetary measures - my job is to present you with your dreams, real and tangible before your eyes. How can I help? start You can reach me @ Ashleyun@hotmail.com should you have any query towards finanical planning, medical/disability-income/critical illness insurance, or if you know of someone whom I can provide my service to. I will not entertain any funky mails that has amusing content. :) Journals start Lifeinsure Discussion Links start Great Eastern Home Euphoria Secrets Shopping Tag Board start Coming Soon.. Music Player start Coming Soon.. Advertisements start Articles start AIG Woes Talent is Never Enough - Part I Wall.E Centennial Promotion ! Joy and Happiness Financial Planning Leap a Step Closer to Your Dream Articles start August 2008 September 2008 Current Posts Credits start Design & Layout: Naziz Original Photo: Frank Krahmer Clocking start