3 days after my post on whether one should buy private health insurance given that most of us are already covered by MediShield Life and our employer's group health policy, the limelight landed on a colon cancer patient who was coaxed by her AIA agent two years ago to upgrade her plan together with a rider, costing her a more pricey annual premium of $2,790.
This is not the first time a consumer has been misled by an insurance agent. I've also highlighted another incident which occurred to a friend of my friend here, where a man chalked up $85,000 in bills and had issues with his claims. (The insurer once again was AIA.)
In this recent case, the patient's original plan which she bought in 2000 covered hospitalization in B1 wards in government hospitals. When she developed diabetes in 2010, her plan was able to help reduce ......