$5 Pap Smear Screening for the ladies

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I've heard about the $5 screening offer from HPB last year but didn't bother.
Until I came across articles on pap smear and cervical cancer and it got me thinking that I should perhaps do a test.....for $5.
I initially thought that all I had to do was to show the clinic my IC and I'd be eligible for the $5 screening. Turns out, we need to present a letter for verification before we can enjoy the rate.
I then checked out the HPB website and contacted their hotline to request for the screening letter. I vaguely recalled receiving it sometime back, but probably lost the letter 🤭
The officer on the hotline told me that the letter generation will take 2 weeks. Oh gosh, another example of the slow service from government agencies. I told them to expedite as I want to have the scan soon. No promises, they said. And I wondered, how many procedures backend would it take for them to "approve" my letter? 🤔Shouldn't such letters be built inside the health buddy app wh…

2.02% p.a. guaranteed returns. Would you sign this?

I'm contemplating on this endowment plan from FWD which gives 2.02% interest p.a. It guarantees return when the plan matures after 3 years.

This is the best "savings" plan I've seen. I'm thinking of putting $15k for this, which will mature to $15,927 after 3 years.
That is, if you don't terminate your policy early.


What are your thoughts to this offer?

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After thinking for half a day and seeing some comments, I've decided to go ahead with this offer.

Looking forward to my $927 gain in 3 years' time!

Would you be joining me? :)

Comments

  1. If you definitely don't need the S$15,000 for the next 3 years, you can consider it. Guaranteed 2.02%pa is slightly better than most high interest bank accounts. I just never like the part about the endowment plan whereby early withdrawal causes the surrender value to be less than the principal amount. It's punitive, unnecessary and suggests some level of commissions being charged.

    ReplyDelete
    Replies
    1. Hi, agree. Sadly, the bank accounts are not offering good interest rates. With remaining cash lying around, I figured it'll be better to park it here for a slightly higher returns. You can consider it too!

      Delete
  2. I took a look at https://www.fwd.com.sg/savings-and-investments/endowment-insurance/ and this looks promising!

    If you don't need the $15k now and can leave it for 3 years to earn this 2.02% guaranteed interest, it is close to risk free and offering a shorter maturity period than SG saving bonds.

    ReplyDelete
    Replies
    1. Thanks for your thoughts! Just signed up for it. I think I can afford to stash this $15k away, even for the next 3 years! :)

      Delete
  3. Perhaps a money market fund could be considered as well.

    ReplyDelete
  4. Wonder if this company is reliable. Since application is done online, how to seek redress if it turns up a fraud?

    ReplyDelete

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