Statistics of claims

http://www.income.com.sg/claims/life/summary/2011/september.asp

I know there are many people who are sceptical about insurance. You do not believe that bad things happen to people of any age. You do not believe that insurance company pay out the claims. You do not believe that insurance can help people. If you are one of these people, please have a look at the data above. I took this from NTUC website, one of insurance company in Singapore. You can see for yourself.

To me, the data showed me that anyone of any age of any profession can experience unfortunate events. There is no discrimination. It can happen.

These data only showed claim above $100,000. But I believe there are many other claims which are below that amount. These data also showed only death, critical illness and permanent disability claims. That means the hospital claims are also excluded. If you think about it, the insurance company really pay out millions of dollars every month for their customer claims.

Insurance is not made for fun. It is for the benefit of the people and you can really see it from the above data. In the darkest times, the pay out can really help the customers.

Unfortunate events will cause emotional loss or pain. If you do not have insurance, you may even burden your self and your loved ones with financial problems.

I do not want to be in that position. Do you?


Cheers! Have a great day.