insurance companies
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StreetShooter
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Originally posted by dirtbiker
I recommend AIA:bsmilie:
Been with them for over 11 years.Great service
But you haven't died yet, see...
S
Slikman
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You wont go wrong with prudential.
Unknown to others, AIA has a lot of hidden agendas.
When you submit a claim, it can take months, sometimes even years.
And when its finally processed, they pay out via instalments.
Tell me, when you are suddenly helpless and disabled,need money the most, would you want to get your money via instalments?
All these are certified by my FRIENDS who had since gone over to Prudential.
And most singaporeans thinks that AIA is bigger then Prudential, but in fact its the other way around.
Prudential alone can buy over AIA in Singapore any time.
Its only due to heavy advertising and marketing that AIA seems to be the biggest and leading insurance company in SG.
Don't bother with NTUC.
Unknown to others, AIA has a lot of hidden agendas.
When you submit a claim, it can take months, sometimes even years.
And when its finally processed, they pay out via instalments.
Tell me, when you are suddenly helpless and disabled,need money the most, would you want to get your money via instalments?
All these are certified by my FRIENDS who had since gone over to Prudential.
And most singaporeans thinks that AIA is bigger then Prudential, but in fact its the other way around.
Prudential alone can buy over AIA in Singapore any time.
Its only due to heavy advertising and marketing that AIA seems to be the biggest and leading insurance company in SG.
Don't bother with NTUC.
Prudential is definitely way smaller than AIA which belong to AIG group. Not that Prudential is no good but just to set the fact striaght. I am not sure of a lot of thing but I am pretty sure Prudential does not have enuff resource to buy over anything from AIG now given the losses they had in UK over their internet bank "EGG".
Note there are 2 Prudential, 1 in UK & 1 in US. They are 2 different company. The 1 here is from UK.
The nearest competitor in term of size here is AXA (France) and maybe allianz (Germany).
For Permanent disability insurance, it is the standard to pay annual payout. Under special circumtances you can get your doctor/specialist to write a report to appeal for the full lump sum. This is very standard across all insurance company. It apply to Prudential too.
So do not shoot off claim you cannot back up.
Note there are 2 Prudential, 1 in UK & 1 in US. They are 2 different company. The 1 here is from UK.
The nearest competitor in term of size here is AXA (France) and maybe allianz (Germany).
For Permanent disability insurance, it is the standard to pay annual payout. Under special circumtances you can get your doctor/specialist to write a report to appeal for the full lump sum. This is very standard across all insurance company. It apply to Prudential too.
So do not shoot off claim you cannot back up.
S
Slikman
Guest
Thanks for the heads up.
But from what i know, Prudential is definitely way bigger than AIA.
I may be wrong though.
Sorry to offend you in any way.
no i am not offended.
Do not worry.
I am just setting the record straight.
But just to let you know I do come across Prudential Agent who inflate their company is the big with the amount of fund Prudential are managing.
Other company do not use fund to describe their size. It is inaccurate as it may be highly liquid. (And its not their own money)
Of course it is not Prudential fault too but rather small black sheeps around.
Do not worry.
I am just setting the record straight.
But just to let you know I do come across Prudential Agent who inflate their company is the big with the amount of fund Prudential are managing.
Other company do not use fund to describe their size. It is inaccurate as it may be highly liquid. (And its not their own money)
Of course it is not Prudential fault too but rather small black sheeps around.
allow me to clarify my previous post where i say annual payout.
Industry standard has been
1st - 3rd yr - 10%
4th yr - 60%
Prudential accelarated payout plan as what you mention also only give out 100% at the second installment. Even Prudential are not giving 100% straight up.
The reason for this type of staggered is because there are many cases whereby patient condition cannot be confirmed to be permanent. Sometimes medical opinions do differ.
In recent years there have been many cases whereby claimant do get the full pay-out in the 2nd yr. (case by case)
So in this sense I agree Prudential should get credit if they are having this accerated option for all their customer. (Even though paying up 100% at 2nd yr is not new and unique to Prudential)
Industry standard has been
1st - 3rd yr - 10%
4th yr - 60%
Prudential accelarated payout plan as what you mention also only give out 100% at the second installment. Even Prudential are not giving 100% straight up.
The reason for this type of staggered is because there are many cases whereby patient condition cannot be confirmed to be permanent. Sometimes medical opinions do differ.
In recent years there have been many cases whereby claimant do get the full pay-out in the 2nd yr. (case by case)
So in this sense I agree Prudential should get credit if they are having this accerated option for all their customer. (Even though paying up 100% at 2nd yr is not new and unique to Prudential)
Originally posted by Mystix
No the accelerated payout is for the first time. Anyway most folks wont have more a policy with more than 650k tpd coverage anyway so most of the time everything is paid out. Believe me i should know.
yeah i get what you mean, only a few client I know of are insured over 650K.
Ironically most people think the 50-100k they bought 10-20 yrs ago are enuff and dun need anything else for the rest of their life.
Get the Commissioner's Report on Ins companies and you'll know...
I've got 5 policies, all with Prudential. But then again, my agent has been around since 1987, so......
What's important is to understand your agent well, what are his/her motivations, test their sincerity, etc. I've come across too many fly-by-night Pru, AIA, NTUC, GE cases to bother counting. Nor do I bother with debates on company size. Service and honesty that's what really matters to me.
I've got 5 policies, all with Prudential. But then again, my agent has been around since 1987, so......
What's important is to understand your agent well, what are his/her motivations, test their sincerity, etc. I've come across too many fly-by-night Pru, AIA, NTUC, GE cases to bother counting. Nor do I bother with debates on company size. Service and honesty that's what really matters to me.
My dad was hit by a car while on a scooter many years back.
Sufferred a broken leg and after a operation, a few screws inside it was alright.
The claim was processed quite smoothly since the driver of the car was at fault and admit guilty.
not much delays of what-so-ever.
policy was from AIA.
Sufferred a broken leg and after a operation, a few screws inside it was alright.
The claim was processed quite smoothly since the driver of the car was at fault and admit guilty.
not much delays of what-so-ever.
policy was from AIA.
Don't know about you all, but I gave up my NTUC Income Life insurance after 4 years (yes, making a loss, but who cares, I am quite pissed off), Basically, I only seen the agent twice, Once when I bought the insurance and the second time is when I sign the contract. Anything I asked him never comes back, any information I want regarding new policies is down the void ...... The only time he called me back is the day after I cancel my policy with the question "Any reason why you want to cancel your policy?", I gave him his answer "I will call you back" that was five years ago, and I had not called him back yet.
hehe .... give him a taste of his own medicine
hehe .... give him a taste of his own medicine
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