Insurance
buying travel insurance didn’t offer peace of mind
By Patrick Lim  •  December 4, 2011
today, there was a letter by ms yeow soo yong published in the straits times who lamented on her not so positive experience of buying chartis travel insurance, not once but twice. the first time in may, chartis erred in the coverage which should have been international, rather than asia as she was travelling to maldives. the second was for her trip to europe this month but the salesperson at the travel fair stated the period of coverage to be 14 days which should have rightfully been 15 days. and the story goes on and i quote ms yong: Subsequently, a Chartis staff member called me and told me I had to top up the premium because I was to be covered for 15 days, not 14. Upset that I was inconvenienced by the insurer's mistake again, I refused to accede and sought an explanation for the poor service. "As ......
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By Patrick Lim
Patrick is an Associate Director with Promiseland. He has more than 20 years of personal investment experience both in stock and shares and unit trusts. In his early years as an investor, he got burnt really bad in the infamous 1987 crash and again during the clob incident. With 2 decades of so-called battle scars behind him, the last few years (since 2003) have been good to him especially with his single country funds doing exceptionally well. On his investing style, he is both a technical analyst and fundamentalist. Patrick view wealth accumulation as part and parcel of the wealth management process but only if one has already executed his/her wealth protection planning on an on-going basis.
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