I have promised to write on the Settlement of my brother's accident operation - his plan is an Enhanced Incomeshield Plan Basic without Plus Rider

I have always felt that Incomeshield or any Shield Plan is an essential basic need for everyone, including child.

Last year, my brother was involved in a motor accident, he had fractured collar bones and was in pain for a year. Restructured hospital doctor told him they are not able to operate on him.

Last month, he found out a private orthopaedic surgeon in Gleneagles who is able to operate to correct the bones for him,

He underwent the 4 surgical operating procedures as in the attached bill (click on it to see the detail and the total cost is $21,551.48.

As his Incomeshield is the Enhanced Incomeshield Plan Basic, there is a pro-ration factor of 50%.

Thus the bill is computed to be $10,775.74 to be paid.

Deductible for Plan Basic is $2000, thus minus $2000 = $8775.74

There is a Co-insurance ( 10% ) = $877.57.

After minusing Deductible and Co-insurance , Incomeshield Plan Basic paid $7898.17

I have done another small H&S plan then to cover the deductible and co-insurance, in earlier days, the Incomeshield Plus Rider is not available. This plan will reimburse another $2410.

If Incomeshield Plus Rider is inforce, the plan should pay in total $10,775.74.

My intention to highlight this real case study is to share with you, that in event of big medical bill, Incomeshield or any private medical shield will be helpful.

If he has Plan Prefered, the bill will be covered more substantially.

My advice is still have a Shield Plan, and have one is better than nothing.

His civil case is pending court settlement, as I have engaged a lawyer to sue the taxi driver who hit him.

Bear a thought for the life of motorcylist

What has happened to road safety in Singapore today?

It is sad to read of the father and daughter on motorcycle, died in accident last Saturday.

Is there attitude problem in driving or has more drivers been having poor judgement on the road?

It is sickening to know that there are some motorists who simply should not be driving at all.

1. Motorist today has poor lane discipline, resulting in many not keeping safety distance between cars.

2. There are many who imagine they are grand prix driver tailing even a car that is moving on at 90km/h.

3. In merging lane condition, such motorist must be ahead.

4. Motorist when tailing behind motorcyclist, will not bother about the speedometer, until they overtook motorcyclist.

5. Motorist who cannot even allow motorcylist riding on lane 4 (extreme left lane) of highway and attempt to over take by the left, squeezing between road shoulder and lane 4 of motorcylist.

.....etc.

There are many other scenarios. In wet weather condition, motorcyclist is even more exposed.

Please be patience and bear a thought for motorcyclist.

Give motorcyclist space to manoeuvre.

Treat that motorcyclist as one of your friend or even your relative.

Insurance will pay for the mistake of a driver,but it will never bring back the life of victim and the lost to their family.

Let's please drive with loving kindness, bearing a thought for the family of each other.

Best Kept Secret

Free Ntuc Fairprice Vouchers promotion for Growth Policy ending on 30th June 2007.

You may use cash, CPF or SRS for the plan.

$200 Fairprice Vouchers for $20,000 cash, placed in Growth Policy.

Maturity re-investment case, enjoys 20% more vouchers.

A client placed $100,000 maturity re-investment and is entitled to $1200 Ntuc Fairprice vouchers. Too good a deal to be missed. Promo up to 30th June 2007.

Hit & Run accident?

Few months back, I shared about a boy rushing across the road, and collide onto my motorcycle carriage box.

This is the first time I met with an injury accident, so to speak.

When the boy collided onto my carriage box, my reaction was his condition. I saw that his forehead was red, indicating he head onto my carriage box.

My concern is if he has head injury. This is a case of his mother rushing across the road with two children and did not hold on to this boy and he just rush ahead without observing traffic, following his mother, dashing across.

I need to do a judgement call, and decided that I have to call an ambulance, with knowledge that is will be a police case.

As long as there is injury, as a motorist, one has to go through the hassle of police investigation, I had gone through that.

But I had peace of mind that I followed correct procedure. So in event of such injury case, call ambulance, and then contact police to send a traffic police officer to clear the case at scene.

I am thankful I had an eye witness willing to give statement on site.

I was requested to report to traffic police headquarter to meet up with investigating officer then, which I did after being cleared from scene.

My experience with this accident is valuable to me.

So my advice is if there is injury case, do not move off, call police to scene to clear accident instead of driving off.

This case the mother concern did not want me to call ambulance and want to move on, but I insist for the child's injury to be looked at and called ambulance.

Moral of my sharing is, if there is injury, lots of hassle, but report accordingly for peace of mind.

In event of injury in motor accident - engage a lawyer

My brother was hit by a taxi while riding his scooter on the road last year.

Then, I thought matter is simple and called the taxi insurer (Not NTUC INCOME)to enquire if they wish to do direct settlement.

As I do not get a reply, I decided to engage a lawyer to handle the claim and good thing I did.

In event of injury case, it is best to engage a lawyer.

It is advisable to look for lawyer who specialise in such accident injury claim.

I was refered to 3 lawyer firms by Ntuc Income and I engaged one of them and so far the case is successful against taxi driver, though the taxi driver reported otherwise.

The case is now pending settlement against taxi insurer.

Review Your Old Policy Riders

I met up with a friend who shown me his life policy taken 31 years ago.

The wholelife policy issued by Company A, has a RCC, a Personal Accident Rider with it.

He was insured $50,000 for accident death and partial disablement and premium is $117.50.

You may think this premium is cheap, but 31 years ago, he has been paying faithfully until today.

Some products are simply cheaper today and coverage is wider.

Ntuc Income Personal Accident Policy with $50,000 for accident death and partial disablement with $1000 medical included is only $35 per year in premium.

Click Personal Accident to take a look.

If you wish to cover 14 infectious disease to include SARS, Bird Flu, Dengue Fever, etc, click PAID

The other rider worth reviewing is Convertible Term and Term riders.

If you have a Hospital & Surgical Rider and has no existing illness now, it is also better to look at Enhanced Incomeshield Plans that covers one wholelife.

Click at the hyperlink and make a comparison.

Report Accident with Integrity and let Insurer take care of Liability

I have always advised my clients to report the facts of an accident.

Report with integrity and let the insurer take care of the liability.

Some motorist simply has no conscience in reporting or even are rude and unreasonable during an accident.

In such case, just report accordingly and leave the liability to insurer to handle, there is no need to headache over the matter.

In some case, the other party is a professional liar and could win the case, no choice, in life we meet some of such devil.

Just bear the injustice.

Drive with Loving Kindness

One of my recent encounter
On 29th November,I rode my motorbike along ECP on lane 3 , and at a slip road from Marina South, I noticed a car coming out into lane four, in between a lorry and a van, and wanting to get into lane 3, where I was coming from, and I know such driver will not see me as I am in his blind spot.

I horned to sound a warning of my approaching, this ridiclous driver instead of not coming out, squeezed out and almost knocked me off. I believe he was agitated with my horning and purposely drove out.

As a matured rider, I know how to move more to the right and let him out and he sped off at high speed, thinking he has threatened me and able to speed off.

This rascal thought he could speed off and get away, but he was wrong because ahead at the Rochor exit then, it was a massive jam across all lanes. I rode to his front and was fuming that this crazy fella nearly knocked me off.

He is a middle age skinny man, wanted to pull him out of his car and whack him, he would have no chance. I wanted to take my helmet off, whack his car and get him out and whack him off, but I knew too much that I will be charged if I do it, as a road rage instead.

I can imagine why some motorist fight and got charged in court.

The law will make me a criminal instead if I whacked him for nearly killing me.

I have wanted to make a police report, but what will the police do?

This could be almost everyday happening on the road.

Some motorcyclists died in an accident probably because of such rascals.

Insurance will pay for the accident, but will never bring back the live of the victim. Such driver may live with a shadow but some simply do not have a conscience.