Dear Mr Tan,
I had an accident on 2005 and had pleaded guilty at the court's hearing. My mother was the one who informed the insurance agent of this accident as the insurance was under her name.
Last year, I received first law letter from the insurance company that they will severe ties with me as I have bleached their contract of not cooperating with them on this case. I had once received a called from them but have told them that i was busy and would return call back which I had told my mother to. Since then, I had not received any further contact from them until this first lawyer letter.
Now I received a second letter to attend to court hearing between the plaintiff (the one whose car I knocked onto), the insurance company as co-applicant, and I as the defendant. Could you advice me?
REPLY
You should reply to the lawyer's letter to explain that you have been willing to cooperate, and you are waiting for their communication.
As to the letter to attend the court hearing, you should bring it to your insurance company's attention. They have to deal with this matter. As they are more experienced, they will know what they have to do.
Sunday, February 1, 2009
Forum, Sat 7 Feb 2009
I have agreed to speak at the following forum on the topic "Challenges that alternative/opposition parties have to face".
Date: 7 Feb 2009, Saturday
Time: 2-5 pm
Place: Copthorne Orchid Hotel, Dunearn Road, Radius Room
I hope that the regular visitors of my blog will attend this forum.
Date: 7 Feb 2009, Saturday
Time: 2-5 pm
Place: Copthorne Orchid Hotel, Dunearn Road, Radius Room
I hope that the regular visitors of my blog will attend this forum.
More details here:
Distribution cost of life insurance policy
Dear Mr. Tan,
I read your survey about "life insurance policy". I bought a policy a few months ago, and the agent did not tell me about the distribution cost. I am now aware about it, after reading the survey results. I feel cheated that such a high cost (representing nearly two years of my savings) was not brough to my attention, although it is printed in the many pages of the benefit illustration. Can I seek a recourse now?
REPLY
It is the duty of the insurance agent to disclose to you about the distribution cost of the life insurance policy that you have bought.
If it is not brought to your attention, I suggest that you should make a complaint to the insurance company and request that the policy be cancelled for a full refund. If the company does not agree, you can lodge a complaint with FIDReC (www.fidrec.org.sg).
You should look at the amount of the distribution cost. If it is a few hundred dollars, it is a fair remuneration to the insurance agents, in which case, you should not make the complaint. However, if it is $1,000 or more, you can make the complaint.
Saturday, January 31, 2009
Survey - Life Insurance policy
If you have bought a life insurance policy (i.e. whole, life, endowment, investment linked, or variation) during the past two years, you can participate in this survey.
Read the survey results.
Survey: Democracy
Ho Cheow Seng wishes to help me to educate people about values and character. He has written this article about democracy.
Here are the
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