Since news broke out that the insurance giant AIG was in trouble, Singaporeans have been flocking to the AIA customer service centre near my workplace. On our way to Lau Pa Sat for lunch, B and I passed by a long queue of people waiting for their turn at the counter. Super dami talaga even as the Monetary Authority of Singapore has already announced that everything's going to be fine, that AIA Singapore has enough to cover their liabilities. They even advised people to not pull out their policies pero masisisi ba nila ang mga tao?
B and I are AIA-insured. We availed of their medical (hospitalisation) insurance a year ago. Kaka-upgrade nga lang namin since we're already permanent residents. We're not worried because this is a term insurance. Kahit kailan pwede itigil ang payments.
However, B just got an endowment fund/life insurance from AIA. He just paid two-months' deposit worth a couple hundred of dollars. Siempre, he was so disturbed when we heard the news yesterday. We were not expecting anything to happen to AIG since it's a really big company. But I guess no one's safe nowadays. Kahit pagkuha ng insurance na supposedly ay magpoprotect sa'yo from risks, risky na din.
Fortunately, B hasn't received his policy yet so he can still opt to pull out. May tinatawag na free look period kung saan pwede mong i-assess if you still want to continue or not. If you decide to discontinue, AIA will refund the deposit. Buti na lang!
Hopefully, things will improve for AIG. Kawawa naman yung mga policy holders kung di nila makukuha ang pinaghirapan nilang pera.
3 comments:
gimme my money back! hehehe. *pila*
dito naman sa pinas philamlife and sunlife yata ang nangangatog.
tapos itong BDO e me investments naman sa lehman, pero sabi nila maliit lang daw, ewan ko. educ. insurance ni miko e philam din. siguro naman e maayos din nila yan...sana.
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