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Whatever it is, there is always a second security/safety check in the form of 7-days compulsory cooling period for cancellation/voidance of contract, for which one must be on the look out.
ReplyThere is this eldershield which is an opt-out policy which is quite new. Some companies are selling an enhanced version. Does anyone has any advice on what the enhanced versions are about and which are the insurance companies offering ?
ReplyDear curious,
It’s an enhancement on the amount of payout as well as the duration of the payouts.
ReplyYou think the salesmen will check? Their mind is already made up to sell anything even the customer is found to have one. I guarantee their pitch is “this one is better, that one you have is lousy”. These salesmen have no qualm to make you switch to make a sale…at least to look on record in case supervisor check.
ReplyIs there any party which tracks what SHIELD plan a person have to avoid any duplication? Once found the person already has a SHIELD plan, he is not allowed to purchase any unless it is switching.
ReplyThe onus is on the financial adviser to check and advice appropriately.
ReplyLioninvestor,
was wondering how much each year premium, approximately, it would be to buy a basic hospitalisation plan with a rider like the one complainant bought for his dad.
sounds attractive – no money to fork out in the event but how much the premium yearly?
ReplyDear sender, the NTUC plus rider has already been withdrawn from the market. You can’t buy it from them although other companies do offer a rider that does the same. You can go to their websites to check them out the premiums. It varies with age.
NTUC now has an assist rider whereby you just need to co-pay 10% of the bill. The premiums are more affordable that way.
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