54 fires involving PMDs and power-assisted bicycles reported in first half of 2019 in Singapore

54 fires involving PMDs and power-assisted bicycles reported in first half of 2019 in Singapore

Source: SCDF 54 fires involving PMDS and power-assisted bicycles reported in first half of 2019 was the headline reported by Channel New Asia (CNA) on the 26th of July 2019 ... Source: SCDF Above are the statistics for 2018 extracted from the SCDF website which shows total Fire Calls have increased year on year, of which 2,411 (62.1%) are fire calls for Residential Premises in Singapore. If you have an outstanding mortgage loan with HDB or any financial institution, you are required to buy fire insurance. However, the cover is very basic as the insured value is limited to either the outstanding loan amount or the cost of reinstating the building structure. This basic cover benefits financial institutions by protecting their loans to home owners but does not cover the belongings and contents of the homeowner. Therefore, a separate policy is needed for the building, as do your renovations and contents (e.g., furniture, household appliances and personal effects). Did you know that AIG has home insurance...
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URA Draft Masterplan 2019

URA Draft Masterplan 2019

The Master Plan is a land use plan that guides Singapore’s development needs over the next 10 to 15 years. The Draft Master Plan 2019 was announced on the 27th of March 2019. It focuses on planning for inclusive, sustainable, and green neighbourhoods with spaces for community and amenities for all to enjoy. The proposals also include rejuvenating our familiar places, and creating capacity for the future. More Homes in City Centre to Inject Vibrancy The Central Business District (CBD) Incentive Scheme, which will kick in when the Master Plan is gazetted later in 2019, will apply to the Anson Road, Cecil Street, Shenton Way, Robinson Road and Tanjong Pagar areas. There are currently over 3,000 dwelling units there. Predominantly office buildings, which have been built or significantly refurbished at least 20 years ago, are eligible. They will get a plot ratio increase of between 25% and 30%, depending on their location and land use, which could range from a hotel to a condominium...
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What is Insurance?

What is Insurance?

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. Any risk that can be quantified can potentially be insured. Specific kinds of risk that may give rise to claims are known as perils. An insurance policy will set out in detail which perils are covered by the policy and which are not. Insurance products may sometimes appear complex, but this doesn’t always have to be the case. Insurance policies usually become complex because when investment benefits are added to the plan. There are insurance policies for: Individuals (Personal) Businesses If you take away the investment component of personal insurance policies, most policies that the general public take up will fall under one of the following three main categories: Life Insurance Annuities Lump Sum Payments Non-life Insurance (General Insurance) Vehicle Home Personal Accident Travel Student Liability SME Health Insurance Contact Me for Any General Insurance Queries​ [ninja_form id=2]...
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