[Consolidated] Income Insurance, Allianz in talks on tie-up, seeking regulatory approval

[pwongkk]

accountability doesnt apply to them, they can never do any wrong

accountability only applies to opposition

Good training for current opportunities to learn accountability.

When pappies become the opposition, they will learn the taste of it.

 

[HWZ1973]

It's this consider as “卖国贼“

 

[PaboJames]

That is why he is totally not fit to be an MP or Minister

 

[archie7]

NTUC still got chance for organic growth
but NCM brain and acumen no more room for organic growth... stuck at SAF level

 

[Prime 13]

i hab already accepted the no blame policy ish firmly entrenched for the elites to enjoy and can never be reversed.
I ish also regard we are beyond the pt of asking for accountability.

Sho lets not talk too much.
Lets just go to the polling booth.

 

[charleslee1989]

Imagine he join wp or psp this elections..
Hope all the intellectuals like Catherine Lim, Bertha Henson can join oppo.

Maybe we can see the downfall of pap in our lifetime

Tommy Koh no chup politics one....

 

[roxyjas]

Actually I’m wondering after the recent saga, will prospects look at NTUC income in a different light and because of this choose to buy other company insurance instead of income…

as a result this perpetuates the reduction of market share of income in our market

If income is not sustainable, what will happen to the income insurance policies we bought?

im seriously quite concerned.

 

[TitanSmall]

the insurer wont KO one de la.. dont worry... worse case will sell to other insurer... its quite common...

 

[glarerder]

Actually I’m wondering after the recent saga, will prospects look at NTUC income in a different light and because of this choose to buy other company insurance instead of income…

as a result this perpetuates the reduction of market share of income in our market

If income is not sustainable, what will happen to the income insurance policies we bought?

im seriously quite concerned.

The saga tells me media control can hide something bad to make it sound like it's good. By not mentioning about the 1.85bil capital reduction plan, the public may be misled to think it's the NTUC top management considered carefully and only backs out when the law changed to block it?

 

[ribena.bing]

its normal for insurers to sell off to other insurers

whats not normal is for them to sell at a supposed excellent premium price and then for the buyer to distribute benefits to themselves and the ones that approved the transaction

damn dubious

all buat bodoh

thinking public all bodoh
who did u vote for?

 

[roxyjas]

its normal for insurers to sell off to other insurers

whats not normal is for them to sell at a supposed excellent premium price and then for the buyer to distribute benefits to themselves and the ones that approved the transaction

damn dubious

all buat bodoh

thinking public all bodoh
who did u vote for?

Super scary. Luckily the deal dint went through

but my question is, will it happen again?

 

[ribena.bing]

Super scary. Luckily the deal dint went through

but my question is, will it happen again?

as long as we have strong mandate

if mrt will breakdown with no responsibility and no blaming culture

why would it not happen again? i dont know. im not smart. im bodoh

 

[roxyjas]

as long as we have strong mandate

if mrt will breakdown with no responsibility and no blaming culture

why would it not happen again? i dont know. im not smart. im bodoh

Then how?

can Singaporeans pls wake up?

 

[buttbERry]

Always compare the products before buying

 

[Yuba84]

Income overpriced on insurance. I compare company insurance jiao ho. Foreign worker medical ntuc still quoting 110+ per head. Other insurance quote 95. So cannot complain market share not sustainable when others are offering cheaper price for similar coverage.

 

[roxyjas]

Always compare the products before buying

All my income polices are my parents bought for me when I was young and I took over as an adult!!!!

how to compare? Lol

 

[roxyjas]

Income overpriced on insurance. I compare company insurance jiao ho. Foreign worker medical ntuc still quoting 110+ per head. Other insurance quote 95. So cannot complain market share not sustainable when others are offering cheaper price for similar coverage.

That’s why I very worried. Existing income policyholders like me will have to bear the consequences while NCM just say SORRY

 

[Carnage]

All my income polices are my parents bought for me when I was young and I took over as an adult!!!!

how to compare? Lol

Those policies are probably better than what they offer now.

Over the years, Income products have lost their competitive edge. Other insurers are better priced and have newer features.

Income still has their unique selling features, but whether or not they are relevant is up to individual to decide.

I decided not to get my child covered under Income for the above reasons. Nothing to do with their potential sale to other companies. That's not a salient point in my decision making.

However, what voters are angry about is that PAP labour candidates did not speak up about the failed sale of Income to Allianz once things did not pan out according to plan. Prior to that, all of them recommended the sale without doing complete due diligence. The irony is that, MAS is always harping on financial advisers to do full fact find before making product recommendations but NTUC did not appear to do this.

 

[ribena.bing]

That’s why I very worried. Existing income policyholders like me will have to bear the consequences while NCM just say SORRY

imo

no blaming culture should stop. they should take responsibility with their political career at stake

even if NCM say sorry, what can commoners and peasants do to him?

the billions will be distributed to pockets of the foreigners and wealthy management

 

[roxyjas]

Those policies are probably better than what they offer now.

Over the years, Income products have lost their competitive edge. Other insurers are better priced and have newer features.

Income still has their unique selling features, but whether or not they are relevant is up to individual to decide.

I decided not to get my child covered under Income for the above reasons. Nothing to do with their potential sale to other companies. That's not a salient point in my decision making.

However, what voters are angry about is that PAP labour candidates did not speak up about the failed sale of Income to Allianz once things did not pan out according to plan. Prior to that, all of them recommended the sale without doing complete due diligence. The irony is that, MAS is always harping on financial advisers to do full fact find before making product recommendations but NTUC did not appear to do this.

Ya my kids I also never buy NTUC income alr…

I just hope NTUC as a company can be sustainable and existing policy holders will not be affected