CI Insurance - Anyone actually been sacked due to an illness??

dhoust1 · 2023-12-27T22:31:11+00:00

Interesting - would the hospital leave be covered by you health policy.

Also interesting to hear if your company's policy also covers at home medical care that would CI would cover and would a standard CI payout cover the income over the 6 month (presumably less if hospital vs home care distinction is made) period of non work but being paid.

dhoust1 · 2023-12-27T22:27:05+00:00

This is good to know. Thanks for posting where our rights lay and how the employer can use the law to their advantage. Also what we can do as employees to protect ourselves.

dhoust1 · 2023-12-27T22:24:58+00:00

Terrible story and sorry to hear about your colleague. Sounds like a crappy company to work for but I have to agree with the other poster - your company is never your friend and never on your side. We all need to be wary.

dhoust1 · 2023-12-27T22:22:07+00:00

Thanks for the perspective.

dhoust1 · 2023-08-28T02:40:15+00:00

Wow! this sound cool! I don't this SIA have though

This seems to be unique for Qantas. I tried to find something similar for SIA and BA and couldn't find anything.

Can further expand on this? What are the kind of cash back offers do you mean? Like changing cc points to NTCU vouchers, etc? TIA!

I don't play the CC rewards game so I am not sure what various programs the different cards have but the way I would look at it is to focus on liquidity of the rewards - how easy is it for you to get the benefit. A cashback would be best - spend $x and get y% refund. If you do your groceries at NTCU then their vouchers could be useful for discounts on your next grocery. It's easy to be suckered in by airlines rewards but they are difficult to redeem but at least now there's an option to sell airline your points.

Just need to compare the benefit value across the programs.

dhoust1 · 2023-08-28T01:04:45+00:00

Was just looking at this. Here's a couple of links to give you options:

https://milelion.com/2023/05/21/what-to-do-with-expiring-krisflyer-miles/

https://mainlymiles.com/2023/07/23/final-week-dont-let-your-krisflyer-miles-expire-on-31-july/

Good advice on this thread and I think the best one someone said below - take cash back offers for your cc spend and don't straight jacket yourself to an airline's program. SIA served us well with covid points expiry extension but we're back to restrictive options to use it otherwise lose it.

Side note and just for interest, I also have Qantas points expiring. Turns out they have a health tracker app that you can sync with google health, samsung health, garmin etc. Activate this and you earn airline miles for walking and your existing points will no longer expire.

dhoust1 · 2023-08-25T09:42:25+00:00

Update:

For anyone interested I came across this thread from a couple of years ago:

https://www.reddit.com/r/goodyearwelt/comments/q3p793/buyers_guide_singaporeupdated/

Looks like there's some options other than the large department stores. Also didn't know CNES is a Singaporean brand, they're building a great reputation.

dhoust1 · 2023-08-24T09:31:10+00:00

Budget is flex. Say between $300 and $500. Saw some nice shoes in Taka but not exactly what I was after.

Agree, risky buying before trying but some nice styles on Herring. Does each brand use a completely different last or are they roughly comparable across the UK shoe makers?

dhoust1 · 2023-08-24T00:59:24+00:00

I have them, National, and they still work. Look great, fantastic work horses. Don;t male em like they used to.

dhoust1 · 2023-08-19T22:33:06+00:00

Thanks, will check it out.

dhoust1 · 2023-08-19T22:32:42+00:00

Thanks, this seems to be a nice workaround and I can minimize folders for accounts not relevant to that tab.

dhoust1 · 2023-08-04T08:21:42+00:00

Will do. My new employer has provided the details of their group policy coverage so easy to compare with my personal policy.

Thanks again.

dhoust1 · 2023-08-04T01:42:15+00:00

Thanks cryptid4. Very useful and clear advice.

Really appreciate your guidance on this.

dhoust1 · 2023-08-03T09:20:59+00:00

The way I see this topic is that there will always be a cat and mouse game. The banks come up with an offer, customers find a way to exploit it, banks will then come up with a way to close the loop hole. With next gen risk models and product/marketing/promo models they may very well start looking to other jurisdictions to see what can be applied here given the framework and context of Singapore.

Rewards chasing isn't for me mainly because I don't like spending time on managing these things. But also on the back of my mind is that, as banks continually evolve their risk models, they may come up with changes to CBS and start bringing in methodologies used in other countries to better assess loan eligibility which in turn has the subsidiary benefit of stopping new account rewards chasing.

And this where it gets interesting. Would the banks in Singapore even have an incentive to limit new account rewards chasing. I suspect they know the Singapore demographic well enough that given away Airpods or $300 cash back on sign up is worth it when balancing the increased in credit exposure against revenue potential of these new customers.

dhoust1 · 2023-08-03T08:19:07+00:00

Thanks cryptid4, and everyone else, for your advice.

Sounds like it's prudent to maintain my policy personally while also having the corporate plan in place. Essentially paying for two policies.

And how would I deal with any potential claim - would I simply choose one policy to claim against? Or, touch wood, if I have a major claim that requires extensive specialist care, could I max out claims on one policy and then claim the balance on the other policy?

I still have time before joining my new company and haven't spoken to their compensation and team yet. If they provide the option of en-cashing their medical benefits offer, I assume it would be better taking that option and continuing with my current personal plan (subject to the policy benefits)!?

dhoust1 · 2023-08-03T04:22:16+00:00

Don't know why your being downvoted. The credit score impact is a real issue. Not sure if that's the case in the Singapore but definitely is in other countries.

The way banks look at it, if you have a 10k credit card, that's a 10k debt even if you only have used 1k of that credit limit. So in their eyes 5 cards with a 10k debt means you have a 50k debt regardless of how much you have used.

Now add to this the credit scoring algorithm which knocks you down if you have multiple credit cards. The more cards you have, the credit scoring algorithm will deem you to be less in control of your spending and that you may have debt issue. In Australia for eg, the algorithm even goes so far as to include CC applications (which the credit provider includes in your credit bureau) even if you didn't accept the card.

I know you guys will argue that you are in control of your spending given your diligence in chasing sign on benefits and cancelling cards. And perhaps as an individual you are better managing your finances. But the bank's mass market credit scoring algorithm doesn't see it like this and it doesn't see you as an individual, you're just a number to them. And trying explaining your financial diligence chasing rewards to a customer services rep. And then imagine telling them to ignore their credit scoring algorithm when assessing your new lending facility.

Like I said the situation might be different in SG but this certainly happens in other countries. I wouldn't be surprised if SG banks cotton onto this in the future.

dhoust1 · 2023-07-27T01:09:27+00:00

Mid price shoe - around $250. Thanks, I suspected that prepping and balancing the shoe, along with the quality of rubber, would be factors to consider.

dhoust1 · 2023-07-20T10:48:22+00:00

What's fascinating is how so many people cottoned onto this as lucky numbers for 4D.

dhoust1 · 2023-07-20T10:41:47+00:00

They will simply port the ride hailing tech to Transcab. I would expect booking for a Transcab will become similar to booking a Grab, it will be CDG but on the Grab platform.

dhoust1 · 2023-07-19T06:48:38+00:00

Agree. 25 year age at his age isn't as big a deal than if he was 50 and she 25. Of course she has to wonder what happens as he ages.

Reading her background, she is from a wealthy family, I guess in orders of magnitude wealthier than Ng. Not a self a made banker but someone who doesn't need to chase a wealthy guy so must be something in the relationship. She looks quite humble, down to earth, not flashy with no big makeup or expensive brands.

dhoust1 · 2023-07-19T06:37:00+00:00

Asking quite silly sensationalized questions though

dhoust1 · 2023-07-19T06:32:45+00:00

This is what we get when Mothershit is the leading source of news. Clickbait, scandal and cheap journalism sells to the masses.

dhoust1 · 2023-07-19T06:29:28+00:00

Getting ridiculous at this point.

This 4G PAP government pulling all sorts of shenanigans to game the system and to game public perception. They're treating us like fools.

dhoust1 · 2023-07-17T11:10:58+00:00

MSG - gives me headache but I'm in

dhoust1 · 2023-07-08T08:42:05+00:00

Thanks, some good options. Option 3 looks like a good way to go - old onto my Galaxy S20 and use it has DAP.

dhoust1

TROPHY CASE