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06-07-2018, 05:40 AM | #11 |
Dragon
Join Date: Jun 2003
Posts: 1,204
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The Biggest Robbery in Singapore
Comment from SG-Truth Blogspot Victim - Sporeans Weapon - Care Shield Place - Spore Case - Initially a response to community for help to the invalid. Gahmen came up with Elder Shield insurance where by paying a premium u will b insured for being a total invalid. I.e. u must hv 3 of these 5* invalid actions. These 5 are, cannot eat on yr own, cannot go to toilet on yr own, cannot walk, cannot move to the bed on yr own n cannot bathe on yr own. Basically saying nearly dead.* For Elder Shield u can opt out of it n do not need to pay the premium. This insurance were ran by three private insurance cos. Gahmen found out that the private insurance were making huge profit on it. They collected $2.8 billion in premium n only paid out 100 million in claims. Therefore a profit of 99.6%. This is understandable. How many people do u know in yr whole life that cannot walk, cannot eat n cannot go to toilet on their own* ? Very very little or none at all. The robbery happened when Gahmen say this insurance is now compulsory for everyone in Spore. And it will start 10 years earlier at 30 yrs old and it will b run by the gahmen herself. They will collect approx avr $500 per person per year. This will work out to approx $ 1.5 billion income n a profit of $1.49 billion every year. Premiums will go up as the years roll by n more n more money will go to Gahmen for doing nothing. When u r half dead, Gahmen will give u $600 n tell u to look after yrself or simply FO. As Sporeans has no choice but to accede to Gahmen demands, this case is classified as Highway Robbery. |
06-07-2018, 08:12 AM | #12 |
Dragon
Join Date: Mar 2003
Posts: 1,181
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If I cannot eat, walk or go to toilet on my own, I prefer to be put to sleep on humane grounds
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06-07-2018, 10:34 AM | #13 |
Barney
Join Date: Sep 2000
Posts: 9,118
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06-07-2018, 10:39 AM | #14 | |
Barney
Join Date: Sep 2000
Posts: 9,118
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Quote:
sir, these can be temporary .... for eg. if one has a bad motorcycle accident or skiing in Korea or stroke your sentiments, if we are talking abt total permanent disability, perhaps understandable but remember that Navy guy ? so badly injured, he still strive to live btw, unfortunately, in sg, euthanasia is not allowed |
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06-07-2018, 10:42 AM | #15 |
Barney
Join Date: Sep 2000
Posts: 9,118
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Not a lot to share at this moment ... cos we dun hv the details to careshield the devil is always in the details what we only know now is that it will be compulsory premiums will increase with age like medishield it will start at 30yrs old but what exactly are the premiums vs the payout, we do not know |
06-07-2018, 10:54 AM | #16 |
Dragon
Join Date: Oct 2003
Posts: 1,160
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Will 1 day we all see another shield call the Groupshield...???
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06-07-2018, 10:56 AM | #17 | |
Barney
Join Date: Sep 2000
Posts: 9,118
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Quote:
Medishield is hospital reinbursement insurance, basically covers hospitalisation subject to deductible and coinsurance up to B2 ward Healthshield (AIA) or for that matter, Incomeshield (NTUC), Prushield (Prudential), Supremeshield (Great Eastern), Myshield (Aviva), AXA Shield etc are the enhancement from different insurers that will allow u to hv coverage for a higher class ward also subject to deductible and coinsurance. U can purchase a separate plan to cover the deductible and coinsurance if u wish. Eldershield is a long term care insurance that pays a fixed monthly allowance when u r unable to perform at least 3 of the 6 activities of daily living. It can be a temporary disability Eldershield covers automatically when one reach 40 Pays $400 up to 72 months The enhancement (optional) pays for up to lifetime Careshield is like eldershield, what the govt feels is that they want coverage to start earlier ( for eg, previously medishield starts only when one start working and has medisave and is optional, now under medishield life when a child is born, parents hv to cover for them and is compulsory) so this Careshield will start from 30 years they rename it cos even at 40, people are saying Eldershield (waoh at 40 yrs old, now I elder already), but the coverage and claim criteria is the same (as far as we know of now) |
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06-07-2018, 11:15 AM | #18 |
Dragon
Join Date: May 2010
Posts: 632
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06-07-2018, 03:14 PM | #19 |
Senior Dragon
Join Date: Mar 2002
Posts: 3,495
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Just buy hospital shield plan.
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06-07-2018, 04:24 PM | #20 | |
Dragon
Join Date: Jan 2006
Posts: 692
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