Like most insurance schemes, the collected ElderShield premiums will not be sitting idly. The premiums will be invested until the need arise for it to be used as monthly payouts should a claims be made. Leong Sze Hian therefore asked if the $3.3 billion figure included the accumulated interest on the investment returns from the excess premiums to claims? As these figures were not made transparent to the public, Leong Sze Hian guessed if the accumulated surpluses will be about $4 billion?
Read More »Tag Archives: Insurance
Great Eastern Intern Had Bad Experience With Its Internship Programme
A netizen shared his internship experience with insurer Great Eastern. His post was to "warn" others to be careful when choosing which company to do their internship with.
Read More »Manulife Allegedly Deducts Money From Netizen’s Bank Account Even Though Premiums Paid
A frustrated All Singapore Stuff reader allegedly got money deducted from her bank account by Manulife insurance even though she supposedly paid the whole year's worth of premium. These insurance policies were bought by her ex-husband. Even though the ex-husband is in a coma, Manulife allegedly refused to reveal anything about her son's policies which were bought by this ex-husband.
Read More »WOODLANDS: COUPLE RAISING FUNDS TO REBUILD BURNT HOME, LUCKY TO BE ALIVE
Rizal and Yati, whose house caught fire at Woodlands just last month, is appealing for donations to rebuild their house as their fire insurance only covers very basic infrastructure.
Read More »SYLVESTER SIM BACKED OUT OF FIGHT OF CENTURY WITH STEVEN LIM
The supposed Singapore version of the fight of the century, between Singapore Idol alumnus Sylvester Sim, and all round publicity whore, Steven Lim, is not going to happen. Sylvester had to pull out, apparently because he had run into insurance problems for the fight.
Read More »GOVT MEDISHIELD MAKING PROFITS, PRIVATE INSURERS LOSING MONEY
I refer to the article “Six IP insurers stung by underwriting losses as claims surge” (Business Times, Sep 7).
Read More »ILLOGICAL TAXI DRIVER CLAIMS THOUSANDS OF DOLLARS WHEN I ONLY SCRATCH HIS CAR A LITTLE
A reader complained about a taxi driver who wanted to claim thousands of dollars of compensation from him after a minor collision which only left scratches on his car. Looks like being a taxi driver is not that bad after all?
Read More »INSURANCE AGENCY REJECTS CLAIM FOR STOLEN PHONE, SAYS IT’S NOT A “LOSS”
A reader informed us of a netizen whose insurance agency rejected his claim for a stolen phone by saying that it was not a "loss". Should he be entitled to claim or is the agency doing the right thing in refusing to cover his "loss"?
Read More »LADY INSURANCE AGENT MOLESTED BY PERVERT CLIENT, BEWARE OF HIM!
Beware of this guy! Meet him for an appointment. Halfway through he started getting touchy. Started touching my hand (gave him warning), slowly towards thigh area and started to try and hug me. I was angry and moved away and asked him to better stop what he is doing. Please respect a lady and don't make yourself look so desperate.
Read More »HIGH RANKING WHISTLEBLOWER REVEALS NATIONAL ATHLETES GIVEN LOUSY INSURANCE COVERAGE FOR REPRESENTING COUNTRY
Prominent media and sports personality Jose Raymond has broken silence over the disparaging treatment afforded to national athletes in Singapore!
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