What is my motive?

POSTED IN ONLINE CITIZEN
http://www.theonlinecitizen.com/

Some people asked if I have a motive, that is, if I am setting up another insurance company to offer low cost products?

My motive is to offer to the people the option to buy low cost products, i.e. term insurance and investment funds. This topic has been covered in my blog and website over the past year:

http://www.tankinlian.blogspot.com/
http://www.tankinlian.com/
http://www.tankinlian.com/faq

Many people have asked me where they can buy low cost term insurance and investment funds.

I have directed them to the following:
> insurance companies, mostly NTUC Income
> invest in the STI ETF, through a stockbroker
> invest in unit trust, through an internet platform, e.g. Fundsupermart, Dollardex, POEMS

I am now advising a life insurance company in Singapore to offer these low cost products. I hope that they will be avialble in 6 to 12 months time. This has been mentioned a few times in my blog during the past weeks.

I hope that my actions in educating the public and advising a "new" life insurance company, will spur the existing life insurance companies, i.e the big boys, to offer low cost products as well.

This will be to the advantage of the large numbers of people who need the "noble" service of life insurance.

Some people have pointed out that I have earned enough money from my previous job, and I do not need to earn more money now. This is correct. I am doing what I can to offer an alternative, which I hope will benefit many people.

I want to thank the large number of ordinary people who have expressed their views in support of my effort. It has been very difficult for me to endure the personal attacks of people with vested interests.