Shop allows you to buy the pdf and hard copy books produced by tan kin lian. Tan kin lian is a singaporean businessman and social activist, and former chief executive officer ceo of ntuc income. The act helped to get a few million people to be insured, but it was quite. Financial planning for singaporeans interview with mr. Tan kin lian, an upset income customer sgmoneymatters. Anything above 20% is excessive profiteering off the customer and we should be wary. Tan, i would like to inform you of this company which i believe may be a potential scam. Tan kin lian is the author of practical guide on financial planning 2. Before running for president in 2011, tan kin lian spent 30 years as the ceo of ntuc income, which he helped transform into one of the largest insurance companies in singapore.
Tan kin lian used to be my hero and i started this blog after being. This page covers financial planning, insurance, investments and social. How do foreign soldiers view singaporean soldiers and the saf in general. Since stepping down as ceo in april 2007, his activities have included organising public rallies for people who lost their money due to investing in lehman brothers minibond produ. Dear mr tan, recently i asked my friend to send me a quotation on incomes vivolife policy.
Francis tan worked with me for about 10 years during the period that i was the chief executive of ntuc income insurance cooperative. His fans reply with some rather interesting choices. Tan kin lian is a singaporean businessman and social activist, and former chief executive. I wish to communicate with the public and educate them. Tan kin lian do you want to read about how i got the. Mr tan was personally involved in directing the strategy for the motor insurance business of ntuc income for over 20 years. As some of you might know, prologue at ion would be closing down on 25 august 20. It also covers the use of insurance to protect against unforeseen events that can. Tan kin lian says hidden commissions and phony bonus units are unethical and could amount to fraud. Mr tan kin lian joined ntuc income in 1977 as the general manager later redesignated as chief executive officer. Practical guide on financial planning by tan kin lian. This page covers financial planning, insurance, investments and social issues in singapore. Mr tan kin lian joined ntuc income in 1977 as the general manager later. Since stepping down as ceo in april 2007, his activities have included organising public rallies for people who lost their money due to investing in lehman brothers minibond products to seek redress, and setting up fisca, an organisation to teach people about longterm financial security.
Shop allows you to buy the pdf and hard copy books produced by tan kin lian question you can send a question to tan kin lian. Mr tan feels that 20% is a justifiable cost for the insurance company to provide the insurance, service, pay the agent commission and still retain certain profits. Mr tan kin lian was spot on about insurance companies and claims unfair to reject claims due to past medical conditions. Difference between takaful and conventional insurance.
The increase in infected cases under covid19 is alarming in recent days. Tan kin lian facebook but no, tan has a better idea. Dont penalise customer for insurance agents failing. This is one of the earliest finance books that i borrow from the library, it is simple. Tkl book get value from your life insurance tan kin lians blog. He has written several books and is now the president of the financial.
He joined ntuc income in 1977 as the general manager later redesignated as the chief executive officer. Tan kin lian author of practical guide on financial planning. We are seeing the new cases numbering several hundreds each day, compared to an average of 50 cases previously. It allows the policyholder to cancel the policy within 14 days and get a full refund of the premium that has been paid. What is your opinion about the cover for my life insurance book. I am now at the airport waiting to board the plane to jakarta. Tan kin lian, fia and former ceo of ntuc income, to share his experience in operating in this environment. The share made a spectacular recovery and doubled in price. Cancel my cheesepie prudential insurance policy at last can.
How should an average singaporean plan for his or her insurance. Why employers prefer to hire foreigners instead of locals. I think it is unlikely that tan kin lian will get his way as the insurance company has plenty of leeway in how they want to declare their bonuses. However, the publicity generated by this event is a good wakeup call for consumers.
A life insurance policy sold in singapore comes with a 14 day free look period. The motor insurance industry in singapore has operated in a nontariff. Takaful is an arabic word which explains as guaranteeing each other tan kin lian, 2006. Tan kin lian is a singaporean businessman and social activist, former chief executive officer of ntuc income. Life insurance plan pays demise coverage to your beneficiaries. Over a period of 30 years, he built up the business, assets and sphere of influence. A consumer was insured under company a for a integrated shield policy for more than 10 years. Profile read the background of tan kin lian article allows you to view the articles and search for them by keyword or by category. This comes from the big profit margin contained in the life insurance. If this is an ordinary life insurance policy, the premium has to be paid in full. Tan kin lian told shin min daily news that he does not rule out the possibility of discussing with tan cheng bock, of one of them dropping out of the campaign to prevent a threecornered contest. We are seeing the new cases numbering several hundreds each day, compared to an average of 50.
On 27 may 2011, 20 days after the recent general election. This is an interview with mr tan kin lian on personal financial planning. Former singapore presidential candidate now spends his. He qualified as a fellow of the institute of actuaries in 1975. Haemala thanasegaran 2008 also defined takaful as mutual insurance in the islamic system with compliant with principles of shariah which is known as islamic law.
Practical guide on financial planning tan kin lian on. Jobs for singaporeans tan kin lian a better deal for. Financial planning for singaporeans interview with mr tan kin. The success of the company was driven in part by tkls determination to give consumers fair prices, which was accomplished by keeping operating expenses low. Practical guide on financial planning by tan kin lian this is one of the earliest finance books that i borrow from the library, it is simple and easy to read and give a brief introduction to the different aspect of finance such as stock and insurance. The moral of the story is to never purchase all your insurance cover from a single insurance company. Tan kin lian shares his views on the top concerns of singaporeans. Post 82week 66learning investingtrading together part 15. Article allows you to view the articles and search for them by keyword or by category. Free look period for life insurance policy tan kin lian. My friend read my book and was inspired to follow the weight loss pr. What attracted me to buy aia triple critical cover insurance was because. Since stepping down as ceo in april 2007, his activities have included organising public rallies for people who lost their money due to investing in lehman brothers minibond products to seek redress, setting up fisca, an organisation to teach people about longterm financial security.
President obama sent a lot of effort to get congress to pass the affordable care act. Cecilia tan, waving to reporters after disembarking from the van at the nomination centre. I was quite surprised to find out that mr tan kin lian does not recommend critical illness insurance, or at least not to a large coverage. An agent persuaded the consumer to change the shield insurance to company b saying it was better. Political pundits suggested that among tan jee say, tan cheng bock and tan kin lian, two candidates should withdraw to facilitate a straight contest between one of them and tony tan, who is widely seen as the leading candidate. Former singaporean presidential candidate blasts ilas, whole life, and other ripoff insurance products. Not only that, but this may also cover funeral expenses and any still left mortgages or perhaps debts.
Singapores consumer champion, tan kin lian, voices support for hong kong insurance industry reforms. Tan like any great presidential hopeful then goes to social media to canvas for options. The ultimate banker book, written by edwin lim and coauthored by leong kaiwen and edward choi, was one of the many books that i purchased from prologue at ion the other day. The truth about life insurances by tan kin lian ex ntuc. I recommend the following e books for young people. Free look period for life insurance policy a life insurance policy sold in singapore comes with a 14 day free look period. This book contains practical points on financial planning for young people. Shop allows you to buy the pdf and hard copy books produced by tan kin lian question you can send a question to tan kin lian for him to reply. On 12 august, tan jee say said he wouldnt back out of the contest. High distribution cost of life insurance policies tan kin lians blog. Tan became the general manager of ntuc income insurance cooperative in 1977, at the age of 29. The singaporean presidential election of 2011 was the fourth singaporean presidential election. Do you want to read about how i got the courage to invest in tesla when most analysts were warning that the company might go bankrupt. I left school after secondary 4 exactly 40 years ago, to start full time.
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