If you have ever experienced the pain of losing your loved ones, you will most probably understand that no amount of money is ever adequate to ease or lessen the agony death brings.
Being in the insurance business, we understand that no monetary value can nor should ever be tagged to a man's life. But we also clearly realise that though no amount of money can compensate for the loss of a loved one, it can help the deceased's family tide over some unexpected financial difficulties.
Here is a story of how unpredictable death can be and how the sum assured has helped the bereaved family.
Mr. Abdullah (not his real name) was a bus driver and he had been insured with NTUC Income since 1991. On 10/4/99, he was admitted to NUH and was diagnosed with acute myocardial infarction. He was under intensive care. Regretfully, within five short days, he unexpectedly passed away. He was only 48 years old then.
The family was at a loss and fortunately, Mr. Abdullah bought a protection policy with NTUC Income. Our sales representative, together with our Life Claims Department, was quick in administering the claim and the death proceeds of $20,000 was paid out within 3 working days.
The sum assured of $20,000 may not be a hefty sum. But to a young widow who was experiencing the financial burden of bringing up two young school-going children single-handedly, this sum proved to be of significant help.
No one anticipates tragedy to befall on them, yet life is often unpredictable. Mr. Abdullah had made a correct decision of being prepared by insuring himself and NTUC Income is glad to be able to fulfill our promise and be of assistance to the deceased's family.
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