There are various types of insurance such as Life Insurance, Health Insurance and General Insurance, each serving different objectives. In this game, general insurance policies will not be available for purchase.

Life Insurance can be purchased to provide financial protection or coverage. A sum assured will be paid out in the event of death and on the coverage of the policy, the sum assured may also be paid in the case(s) of permanent disability or critical illness.
Life Insurance can also be purchased to provide for retirement planning, savings or investments. Some life insurance products such as endowment policies bundle a savings and investment element with insurance protection.

Accidents and illnesses are usually unforeseen and may result in high medical and/or hospitalisation costs for an individual. As a result of the injury/illness, the individual may also be unable to work during recovery. Health insurance policies can help the insured and his family cope with these expenses.

In this game, the purchase of Life Insurance will be made compulsory for all participants.
There will be 2 endowment policies that are available for purchase.
There will be 1 hospitalisation plan available for purchase.

Find out more about the In-Game Insurance Policies on the Insurance tab.

A Managed Account Service is an individually managed investment portfolio that is beneficially owned by the individual investor and managed on a discretionary basis.

In this game, you will be introduced to a Phillip SMART Portfolio (“SMART”) that is moderately aggressive for growth and income that is available for purchase.

SMART is a discretionary investment service that matches a best-fit portfolio with your online risk analysis.

SMART works by embracing technology and our investment expertise to make investing effortless for you. Whether it is your mobile or your desktop – SMART enables you to seamlessly set up an investment account, fund and monitor the performance of the account – all done online. Once your account has been set up, SMART’s team of investment managers will structure for you a diversified portfolio across geographical regions, countries and industry sectors that is most likely to benefit from the prevailing economic situations.

Phillip SMART Portfolio invests in Exchange-Traded Funds listed on major stock exchanges. It may also invest in unit trusts, closed-end funds, investment trusts, business trusts and Exchange-traded notes.

With any portfolio, market fluctuations cause your asset allocation to stray from its target. When that happens, it’s time to rebalance by buying underweight and selling overweight asset classes.
Rebalancing is critical to successful investing. Your Phillip SMART Portfolio efficiently rebalances across asset classes and reduces volatility to help your investment growth.

Find out more about the In-Game Managed Account Portfolios on the Managed Account tab.

A unit trust is an investment vehicle comprising a pool of funds from many investors and managed by a fund manager. The fund manager invests the pooled money into assets such as stocks, bonds, money market instruments, a combination of these investments, or even other funds. Purchasing a unit trust gives you exposure to all the investments in that fund. The collective holdings of the assets held in trust will form the total portfolio of a unit trust fund.

Advantages of investing in Unit Trust:

• Professional Management by professional fund managers with expertise and experience in investments
• Diversification – investing into different companies, assets, industries, and regions means that poor performance in one sector is not likely to have a major adverse impact on the whole investment
• Windows of Investment Opportunities into overseas markets and assets that have a high minimum investment amount
• Lower Costs of buying into some stocks and bonds due to economies of scale
• Liquidity as Unit Trusts are mostly open-ended investments where investors can buy and sell on a daily basis

Considerations when investing in Unit Trust:

• Entrusted control is given to the fund manager(s)
• Low risk does not mean no risk – just like most investments, Unit Trusts are not capital-protected products

In this game, there will be 15 Unit Trust Funds across various sectors and regions for you to choose from, some of which will be launched in the middle of the game.

Find out more about the In-Game Unit Trust Funds on the Unit Trust tab.

Organized by PhillipCapital, the Phillip Wealth Challenge, part of the Phillip Youth Challenge, is a simulated wealth accumulation competition that aims to introduce the concept of wealth planning to youth.

During the challenge, participants can make use of investment instruments to accumulate wealth, monitor their portfolio values and manage their cash flows. The total portfolio value of the leading 3 participants will be made known on the dashboard everyday.

The Phillip Wealth Challenge is the perfect platform as it provides you with a fun, risk-free environment to learn and test wealth accumulation strategies! Top winning participants will receive rewards at the end of the challenge.

To be eligible to take part in the Phillip Wealth Challenge:

1. Participants must be from ages 18 to 29.
2. Participants can be of any nationality.
3. Each participant is only allowed to register for a maximum of one slot in the Wealth Challenge.

Registration has been extended to 14/09/2018 due to overwhelming response. To register,

1. Visit the official website at https://www.poems.com.sg/phillipyouthchallenge/
2. Click on the ‘Register’ tab.
3. On the online registration page, fill in and submit the necessary information.
4. Once your registration has been processed, a confirmation email will be sent to you.

After submitting your asset allocation and rebalancing decisions by 5pm, the market is deemed to be closed and the day is over. From market closure to 10am of the next day, a “year” is deemed to have passed. On the following morning, your investments will have been adjusted to the current market value of the following year.

Amendments are allowed and have to be submitted by 5pm of each “business day”.

1. If the game action file is not submitted, it will be taken as an indication that the participant does not wish to make changes to the portfolio. Any net inflow will be allocated to cash at bank. Any net expenses will be deducted from cash at bank. If cash at bank is insufficient to cover the expense, we will liquidate the most recent investment(s), up to the amount payable for the expense.
2. If multiple game action files are submitted before the 5pm cut off, the latest file will be taken as the final instruction for execution from the participant.
3. If game actions are submitted after the 5pm cut off time on T+0 and before the release of new information at 10am on T+1, it will be deemed as their desired game actions for T+1 cut off, provided they do not submit any further game action files for T+1.