Tuesday, August 03, 2010

Dependent's Protection Scheme

Find out more about the Dependent's Protection Scheme offered by CPF to its members. Go to www.tankinlian.com and click on Ask Mr. Tan or Latest.
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2 comments:

Spur said...

Previously NTUC used to have brochures for its term insurance called LUV for union members.

The info contained in those brochures were useful in educating ordinary people on the following:-
1) LIA guideline of having 10X your annual salary in life insurance coverage;

2) Mentioning & brining in DPS as part of strategy to provide low-cost insurance cover;

3) Showing how an adequate insurance cover of 10X your annual salary can be obtained, even if you are a factory operator or construction worker.

BUT, times have changed since the makeover of the social enterprise.

Just last week, I went down to a NTUC business centre to do some transactions. I tried to look for the old brochures, but the staff said that they were no longer available and old copies have been shredded.

I looked at the new brochure. No more useful educational info anymore. In fact, mostly it tries to encourage potential customers to speak to an agent or consultant. What a joke! The consultants and agents will surely discourage the takeup of such cheap insurance like DPS or LUV. Why? Becoz they collect ZERO commission that's why!!

I struck up a conversation with a consultant at the business centre, and she told me that usually the company will give them $5 for each LUV that they sell. I think she made a freudian slip when she accidentally made fun of the $5 -- saying that it can't even cover her lunch at the foodcourt.

August 03, 2010 11:43 AM
zhummmeng said...

The office at Bras Basah has a make over and now includes an 'elevator' for the wheelchair bound 'customers' What a caring sight!!!!It makes me cry!!
Wonder what transaction these wheel chair bound customers , guests have? Insurance for the motorised wheel chair? or collect their disability chegue? How come not credited into a bank account? If they have policy premium to pay why not ask the ceo to collect the premium at the policyholders' home and get the press to come down also to take pictures and show over the video at service lounge. It would have been the greatest publicity stunt, a PR coup, the marketing VP's carpe diem.
Well , another of those craps spent wastefully to score some points and to look good...but at whose expense? The policyholders can see through the ploy..it must be from the life fund.Better be prepared for another round of bonus
cut under the pretext of restructuring.

August 03, 2010 9:20 PM

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