Mr Singh was 20 years old when he was approached by an NTUC INCOME
representative who explained to him the importance of insurance.
Mr Singh was convinced and eventually took up a $50,000 whole life
policy with a $10,000 personal accident supplemantary benefit. He
was a Malaysian working in Singapore as a production operator.
Although Mr Singh's income is not high, he managed to keep his policy
in force, after reviving it 2 times when it lapsed due to non-payment
of premiums. No doubt he understood the importance of being adequately
covered, even more so after he got married at the age of 24.
Tragically, Mr Singh was a victim of a hit and run accident when an
unknown vehicle collided onto the motorcycle he was riding and sped
off. Mr Singh did not survive the accident and died at the young
age of 27, leaving behind his bereaved spouse and his only son who
was only 7 months old.
Mr Singh's spouse is also a production operator with a relatively
low income. Not only does she have to work to support the family;
she also has to look after her son; take care of his daily needs
and his future educational needs. Fortunately, Mr Singh was insured
with NTUC INCOME who paid the claim proceeds of $61,000 on the same
day that we were notified of the claim by the concerned representative.
The insurance money may not be very large, but it does help in some
ways to alleviate the financial problems of his bereaved family.
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