Sunday, August 11, 2013

Breast Cancer Claims settlement

A critical illness plan settled for breast cancer.

This is a claim payout for a critical illness plan, one who started with a smaller Living Policy when young and reviewed later in life to increase the Living Policy critical illness coverage.
She subsequently did a 15 years savings plan, Revosave with Special Waiver.
When diagnosed with breast cancer, both Living Policy paid for the claim and the premium for the saving plan was waived for the next 12 years because it is into the 3rd year of the plan. All future premiums waived and the savings continue.
Total payout $119,852.14 and when the savings plan matures, there is another $112,000 to collect.
A proper rider is important when planning for savings plan as well, that one will not be burdened with paying of premiums in event of a critical illness.
Such riders can be added to Term Plan, Mortgage Protection Plan, and other term plans.

Bacterial infection Bill for a child hospitalised in KKH A ward

Some time emergency or illness do happen to child that can catch the parents by surprise. This is a case of bacterial infection, with high fever over more than a week with backache and unknown bacteria infection while was oversea and return back to Singapore for medical attention hospitalised at KKH.
A 15 days hospitalisation incurred a bill of $14,448.83 in a A Ward.
Plan is a Plan Prefered with Assist Rider.
Daily cash benefit of $125 X 15 is paid as patient is in restructured hospital on top of settling the bill after 10% co-insurance.

Thursday, August 8, 2013

A claim make a difference.


When I submit a claim for a client, I go with a heavy heart.
When I finally succeed in the claim, I go to my client with a heavy cheque. Paid the second claim today and glad to make a difference as the money will come in handy for future needs. The client told me she feels guilty receiving so much from NTUC INCOME, but in my heart, does the doctor apologise for their charging so much ? Medical treatment especially at private hospital is not cheap and surely appropriate plan will come in helpful in event of such need.

Tuesday, August 6, 2013

A typical critical illness claim payout

A wholelife with rider that can provide good coverage when a need arises.

This is a breast cancer claim payout.

Plan appropriately.