Saturday, October 02, 2010

Increase in motor insurance premium for older drivers

Unwarranted rise in premium as one ages

IN DETERMINING car insurance premiums, insurance companies here may be relying
on a flawed actuarial table that unfairly penalises baby boomers like me,
notwithstanding their sound health status and driving record.
Lee Seck Kay

1 comment:

Solomon said...

Older drive less, so the chance of involving in an accident is less than normal driver.

This is another way of insurance company to extract money from consumer

Blog Archive