tag:blogger.com,1999:blog-11702093.post6117909536482289647..comments2024-03-28T22:56:40.743+08:00Comments on Tan Kin Lian's Blog: Indisputability clause in an insurance policyTan Kin Lianhttp://www.blogger.com/profile/00617069056914635271noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-11702093.post-47250433803017183442015-09-19T15:37:38.293+08:002015-09-19T15:37:38.293+08:00No trouble when buying any insurance because insur...No trouble when buying any insurance because insurance agents' aim is to close the case at all cost, ie even throwing ethics out of the window with the blessing of the company. The trouble comes when there is a claim. This is when the insurance company will do all due deligence and leaving no stone unturned to AVOID PAYING THE CLAIM.<br />A claim means the life fund return is affected and reduced by that amount and the policyholders' bonus is affected.<br />Policyholders' interest is inverse to the insurers'. Insurance is a bet by insurance company that the policyholders will NOT make a claim and the reverse is true. However, insurance companies have better odds.<br />Consumers should know the the insurers are NOT charities ; they are out to make as much money from you. So , becareful, select or engage an adviser and not salesman and make sure that there is no loophole for the insurers to deny your claim.Anonymousnoreply@blogger.com