Spring Moderator February 5, 2018 Share February 5, 2018 I opted out cos my own insurance policy covers disability so I feel no need to duplicate, my 2 cents. ↡ Advertisement 4 Link to post Share on other sites More sharing options...
Kusje Supersonic February 5, 2018 Share February 5, 2018 I opted out cos my own insurance policy covers disability so I feel no need to duplicate, my 2 cents.Can share more? Is that why the claim ratio is so low? People already have adequate coverage and just claim their private insurance first? Link to post Share on other sites More sharing options...
Ender Hypersonic February 5, 2018 Share February 5, 2018 Can share more? Is that why the claim ratio is so low? People already have adequate coverage and just claim their private insurance first? Becoz most of the elders would have died before they meet the 3 disabilities criteria to make a claim. 2 Link to post Share on other sites More sharing options...
Hoseyboh Twincharged February 5, 2018 Share February 5, 2018 Saw this on Facebook and I'm surprised this isn't being seen as a big deal. Think we are destined to keep drinking the same ol Kool aid. 2002 till now and there can still be a claim of not enough data. Huat ah.... 2 Link to post Share on other sites More sharing options...
Kusje Supersonic February 5, 2018 Share February 5, 2018 BTW, they claim that insurers will give rebate ... any elderly fellows here can share how much rebate they got? 10%? Or 90%? Link to post Share on other sites More sharing options...
Enye Hypersonic February 5, 2018 Share February 5, 2018 Becoz most of the elders would have died before they meet the 3 disabilities criteria to make a claim. ððnot dead also half dead how much help is another few hundred bucks a month? Link to post Share on other sites More sharing options...
Kusje Supersonic February 5, 2018 Share February 5, 2018 not dead also half dead how much help is another few hundred bucks a month? ð A dollar here, a dollar there. Sifu, must remember that not everyone is like you and has 700k cash to tide them thru. These few hundred a month could mean the difference between eating sufficiently and starving. 2 Link to post Share on other sites More sharing options...
Enye Hypersonic February 5, 2018 Share February 5, 2018 A dollar here, a dollar there. Sifu, must remember that not everyone is like you and has 700k cash to tide them thru. These few hundred a month could mean the difference between eating sufficiently and starving. yes sir... ok eat sufficiently for 5 years then starve Link to post Share on other sites More sharing options...
Kusje Supersonic February 5, 2018 Share February 5, 2018 yes sir... ok eat sufficiently for 5 years then starve ð You won't understand la. Can eat 5 years eat 5 years. Can eat 1 day, eat 1 day. When it is time to starve then worry lor. Better than. Starving for the same 5 years. 2 Link to post Share on other sites More sharing options...
Lotr8445r 5th Gear February 5, 2018 Share February 5, 2018 Huat ah....Put that unclaim amount in fix deposit can get how much interest? 1 Link to post Share on other sites More sharing options...
Enye Hypersonic February 5, 2018 Share February 5, 2018 You won't understand la. Can eat 5 years eat 5 years. Can eat 1 day, eat 1 day. When it is time to starve then worry lor. Better than. Starving for the same 5 years. yes sir... guess you won’t be opting out if you have the choice when the time comes Link to post Share on other sites More sharing options...
Kusje Supersonic February 5, 2018 Share February 5, 2018 yes sir... guess you wonât be opting out if you have the choice when the time comes ð Got choice then say la. Probably the same kind of choice one gets when they are being robbed in a dark alley. Money or your life. Link to post Share on other sites More sharing options...
Enye Hypersonic February 5, 2018 Share February 5, 2018 Got choice then say la. Probably the same kind of choice one gets when they are being robbed in a dark alley. Money or your life. then you are not making any sense since you have praising the scheme to the sky Link to post Share on other sites More sharing options...
Spring Moderator February 5, 2018 Share February 5, 2018 Can share more? Is that why the claim ratio is so low? People already have adequate coverage and just claim their private insurance first? I can’t really share more other than my own theory of why pay for something I’m already covered with. But of course this theory can also backfire if touch wood l, I get disabled n can only claim one side whereas if u buy both, I think u can claim both sides. As for the claim ratio, I’ve no idea why it is low. 5 Link to post Share on other sites More sharing options...
Ender Hypersonic February 5, 2018 Share February 5, 2018 not dead also half dead how much help is another few hundred bucks a month? ð Sometimes it also up to how 'compassionate' the doctor is when he help the elders fill in the claim form. Some will check box the criteria when patient exaggerate his pain threshold when demonstrating his mobility. Link to post Share on other sites More sharing options...
Kusje Supersonic February 5, 2018 Share February 5, 2018 (edited) then you are not making any sense since you have praising the scheme to the sky ð I didn't praise the scheme at all. I merely said a few hundred bucks a month is not insignificant. Whether an insurance scheme is good or not has way more factors than the payout such as premiums paid and risks covered. In the current situation, the scheme is clearly a rip off with the loss ratio being so damn low. Edited February 5, 2018 by Kusje Link to post Share on other sites More sharing options...
Kopites Supersonic February 5, 2018 Share February 5, 2018 (edited) I didn't praise the scheme at all. I merely said a few hundred bucks a month is not insignificant. Whether an insurance scheme is good or not has way more factors than the payout such as premiums paid and risks covered. In the current situation, the scheme is clearly a rip off with the loss ratio being so damn low. I agreed on the part few hundred here.. few hundred there. No much considering the cost of living but given a choice many would prefer to receive the few hundred than brave the rain to collect cupboard or sell tissue. I know of few couple old folks really depending of the government 200per month (silver scheme something like that) to tied over the whole month expenditure. Many of us here don't give a damn given we pump one full tank coming to 100. There are people are there still need that hundred so to put some meal on the table. Edited February 5, 2018 by Kopites Link to post Share on other sites More sharing options...
chryst Twincharged February 6, 2018 Share February 6, 2018 ↡ Advertisement Link to post Share on other sites More sharing options...
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