Did anyone see today’s Sunday Times about a father whose Medisave of $30,000 was wiped out when his daughter was diagnose with ovarian cancer? I really pity the family. The family admitted that they should have bought medical insurance. I calculated, that with $30,000 the interest generated a year is 4% x 30000 = $1,200. Based on an annual premium of $144.14 of an as-charged medical insurance for … [Read more...]
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Most people do not realised the importance of financial planning until it is too late. These articles were specifically written to highlight the importance of financial planning.
Ms Ang Bee Eng wrote to Straits Times forum page entitled “Sclerosis patient needs help with big medical bill” on 1 December 2006 that her medical bill comes up to $2,800 a month yet she was unable to work due to repeated relapses. "A person who can’t work is worst off than being dead." Financial adviser Wilfred Ling tells us why he rates disability income insurance more highly than death, total … [Read more...]
Don’t Monkey Around With the Lack of Insurance There was a case of a 26-year-old undergraduate who met a car accident after a pair of monkeys leapt in front of his vehicle (“Undergrad suffers brain injury after monkeys cause crash”, Sunday Times, 1 Oct 2006) According to the newspaper report, his brain injury exceeded $40,000 in hospitalization expenses. His secretary mother will have to pay … [Read more...]
Man with bad headache rushed to hospital, was sent back home with painkillers, by evening falls into coma and is brain-dead Did anyone read this news in Straits Times on 1 July 2006 - Man with bad headache rushed to hospital ? Mr. Tan Beng Kiat, aged 30, initially had a headache. He was sent to a general practitioner and was given painkillers. However, his headache was so bad that his speech … [Read more...]