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NAVigating Financial Health
At a Glance
Life has its ups and downs. That’s why we believe everyone needs a plan, especially when it comes to money. NAV makes it easier with a proper framework to save, invest and protect. You’ll have lessons and classes to help you understand, as well as useful tools and solutions.
To get you started, we’ve put together a Financial Health Kit you can use right away.
Beef up your emergency funds
Experts say you should put aside 3-6 months’ emergency funds, so unexpected events don’t disrupt your daily life.
Less monthly mortgage, for more monthly savings
Your home is your longest-term commitment. Paying less interest also means you have more for your day-to-day spending.
Find out more here.
Don’t worry about investing in an uncertain market
Everyone knows ‘buy low, sell high’. But what’s low? You don’t need to be an expert to decide. In fact, with 5 clicks and S$1,000 you can have a ready-made investment portfolio that’s built by investment experts.
We are in this together
As a POSB customer, you and your family enjoy free COVID-19 Hospital Cash cover to tide you over, if you’re hospitalised.
For further protection, broaden your coverage to include accidental injury and sicknesses with our Recovery Hospital Cash Plan from Chubb Insurance. Get 10% discount on family premiums and waiver of 30 days waiting period for COVID-19 claims.
Always plan for the unexpected
We believe financial planning is important for everyone. The recent pandemic and economic situation has shown us that our lives and financial position can be easily disrupted by an unexpected turn of events. Take this opportunity to review your financial plan so you and your family are always prepared.
Make an appointment to speak with our friendly Wealth Planning Managers for a financial health check and find out how you can better plan your finances. Don’t worry, you don’t have to meet us - our appointments are virtual as well.
Alternatively, check out NAV Planner on digibank to analyse your real-time financial health. The best part is, it’s fuss-free – we automatically work out your money flows and provide money tips.
Some useful reading
Recovery Hospital Cash is underwritten by Chubb Insurance Singapore Limited (“Chubb”) and distributed by DBS Bank Ltd (“DBS”). It is not an obligation of, deposit in or guaranteed by DBS. This is not a contract of insurance. Full details of the terms, conditions and exclusions of the insurance are provided in the Policy Wordings and will be sent to you upon acceptance of your application by Chubb. You should consider carefully if you are intending to switch health policies, as this might be detrimental to your current and/or future needs. You may wish to seek advice from a financial adviser before making a commitment to purchase this policy. In the event that you choose not to seek advice, you should carefully consider whether the policy is suitable for you.
You have a free look period of 30 days from the date you receive the Policy. If you decide to cancel the Policy within these 30 days, please inform Chubb in writing and they will cancel the Policy from its start date and refund the full premium paid, provided no claim has arisen.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation ("SDIC"). For more information on the scheme, please visit the General Insurance Association or SDIC websites.
*Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.