Are You Adequately Insured? By Stephen Mok, Financial Consultant IPP Financial Advisers Pte Ltd My friend called me today to tell me that one of his friends had a motorcycle accident sometime back. He fell off his motorcycle and injured his head seriously. Fortunately he survived the accident but unfortunately, he lost his memory!!! Now he is recuperating at a community hospital in Ang Mo Kio (Singapore) as he cannot stay too long at Tan Tock Seng Hospital, which is a restructured hospital. As the sole bread winner of his family with two kids, he is now unable to support them. Who knows how long he will need to stay in the community hospital. As an independent financial adviser, immediately the issue of insurance payout and the survival of his family sprung into my thoughts.... 1) Will his Private Medishield plan pay for all his hospital bills? 2) Will his Life Insurance Critical Illness Policy pay a lump sum of money for his medical related expenses outside the hospital? 3) How long ...
You are reading the blog of Moonshi Mohsenruddin, a Singapore citizen and evangelist of Information Technology and how IT can be leverage to solve real world problems. I am a Problem Solver, a Systems Guy who believes in Sharing thru Giving, Learning by Doing and applying knowledge towards creating Economic Freedom.