International Business & Economy Poor payout for consumers who paid premiums into Eldershield

Poor payout for consumers who paid premiums into Eldershield

- Advertisement -

The former Chief Executive Officer (CEO) of NTUC Income, Tan Kin Lian has expressed that consumers are getting a poor payout for their premiums paid into Eldershield. He made the claim in pointing to data in his website.

Screengrab: http://tklcloud.com
Screengrab: http://tklcloud.com 

“The insurance companies are making a profit margin of 30 percent after providing for reserves for future claims,” Mr Tan said.

He added that they were making huge profits, “maybe $100 million a year”.Follow us on Social Media

- Advertisement 1-

Send in your scoops to news@theindependent.sg 

- Advertisement -

Read More

Netizen says they’ve always been embarrassed by the Singaporean accent and Singaporean English

Singapore — A netizen embarrassed by their Singaporean accent and Singaporean English wanted to find out what foreigners thought about our accent and the way we spoke English. In an anonymous post to popular confessions page NUSWhispers on Tuesday (Jan...

Single mum keen to earn side income, loses nearly $50,000 to ‘Gucci’ scammers

Singapore – News of the surge of phishing scams involving  OCBC Bank has made many other bank customers come forward with their own stories...

Want Fast Cash? Tap Into Your Endowment Policy

Endowment insurance provides protection coverage as well as investment returns to help you save towards a specific financial goal in the future, such as...

Where & how you’re most likely catch COVID — New study

Singapore — As the world enters its third year into the Covid-19 pandemic, one of the benefits is that more is known about the...

President Halimah commends mosque that opened doors to people sleeping rough

Singapore — During hard times such as these, it is always welcome news to hear of communities stepping up to help. President Halimah Yacob recently...

Netizen says they’ve always been embarrassed by the Singaporean accent and Singaporean English

Singapore — A netizen embarrassed by their Singaporean accent and Singaporean English wanted to find out what foreigners thought...

Single mum keen to earn side income, loses nearly $50,000 to ‘Gucci’ scammers

Singapore – News of the surge of phishing scams involving  OCBC Bank has made many other bank customers come...

Want Fast Cash? Tap Into Your Endowment Policy

Endowment insurance provides protection coverage as well as investment returns to help you save towards a specific financial goal...

Where & how you’re most likely catch COVID — New study

Singapore — As the world enters its third year into the Covid-19 pandemic, one of the benefits is that...
Follow us on Social Media

Send in your scoops to news@theindependent.sg