Insurance
Advice on making insurance claims
By Tan Kin Lian  •  December 27, 2009
[caption id="attachment_1171" align="alignright" width="150" caption="Tan Kin Lian"]Tan Kin Lian[/caption] Thee are three types of insurance claims that can cause you a big surprise and out-of-pocket payment. They are: a) health care b) personal accident or travel c) motor repair d) home repair or reinstatement Here is a common example. You have been paying premiums for an expensive health insurance policy for many years. You went into hospital thinking that the entire bill is covered. When you submit your claim for reimbursement, you are told of the items that are not covered, the caps, exclusions, deductibles and other items. Your claim can be less than half of the amount that you spent. Your claim for personal accident or travel is also subject to exclusions, limits and deductibles. A similar situation can occur with a motor repair bill. You are told about the Excess, exclusion or other limits. The hospital and motor repair bills can occur every few years, so many people have been taken aback by their poor claim experience. Read more...
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By Tan Kin Lian
Mr Tan Kin Lian (fomer NTUC Income CEO) started his insurance career in 1966 in a local life insurance company. He has also worked in various positions as a computer programmer, organisation and methods officer and consulting actuary. Mr Tan writes daily in his blog. The information in his blog is transparent and has an open approach.
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