CPF GIVE INSURANCE CO AUTHORITY TO DEDUCT CPF
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BEEN INFORMED BY SOMEONE, HAS RECEIVED A LETTER FROM GREAT EASTERN TO DEDUCT THE CPF VIA ELDERSHIED AT AN EARLY AGE OF 40.
CPF HAS GIVEN AUTHORITY TO INSURANCE CO TO DEDUCT FROM YOUR CPF WITHOU YOUR AUTHORISATION.
CPF HAS GIVEN AWAY PERSONAL INFO SUCH AS THE NAME,I/C TO INSURANCE CO.
AS THE LETTERS ARE SENT BY INSURANCE CO MANY WOULD JUST THROW THEM AWAY NOT KNOWING THERE IS A OPT-OUT FORM.
WARN YOUR FRIENDS ABOUT IT. -
they are very smart.
instead of asking people to opt in they ask those who do not want it to opt out. whats new? -
CPF got so much power that it can take the your money in your account to buy insurance policy without having the courtesy to ask for your permssion?
I was FLABBERGASTED when I read the letter just now.
Why Ministry of Health and/or CPF allow the release of Name and I/C to private company without seeking consent.
The Ministry of Health ought to look into this matter.
The government has crossed the line in this respect. -
cpf board are always full of ideas when it comes to 'maximising' and 'helping' to increase the value of our cpf money.
this is not the first and wont be the last. -
How cld the CPF board do such things. Its so underhand. I thought we are going to work towards a first world government just a few month back now we just deteriorated.
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isnt that first world tactic?Originally posted by NewAge:How cld the CPF board do such things. Its so underhand. I thought we are going to work towards a first world government just a few month back now we just deteriorated. -
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Keep up this sort of "tactics", PAP will not remain long in people's vote in list.
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they will win as long as the majority of singaporeans are financially comfortable.Originally posted by ShutterBug:Keep up this sort of "tactics", PAP will not remain long in people's vote in list. -
Many would not want to incur legal cost for taking collective legal action against insurance companies, that deduct our money and access to our data without proper authorisation because a few hundred dollars deduction.
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I said it countless times - NOTHING (even in this universe) can last forever.Originally posted by dragg:they will win as long as the majority of singaporeans are financially comfortable.
Just how comfortable will things become, as population here becomes saturated with foreign blood and their idiosyncrasies? And as you can see, as a people of our own land, we're made to take the backseat on a regular basis with the passing of each and every GE.
I bet you, more and more people will fall out of their favor. -
the letter looks like this.....
"ElderShield Scheme
The Ministry of Health (MOH) has introduced Eldershield, an insurance scheme that provides financial help to those who are unable to take care of themselves because severe disabilities. We are pleased to inform you are are automatically insured under Eldershield.......
There is no need for you to reply if you wish to join Eldershield. You will be automatically cover under Eldershield withh effect from the Policy Commencement Date as stated in the SCHEDULE .....
MOH has appointed Great Eastern and NTUC income as Eldershield Insurers. Great Eastern has been assigned by MOH to be your Eldershield insurer....."
A Schedule showing your name, i/c and policy no is also attached.
All Sporeans will receive this letter b4 the age 40. -
If your money in your Bank has been debited by a insurance co to buy a policy without the proper procedure I am very sure that you will lodge a complaint with MAS against that Bank.
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all the while using the cpf medisave to buy the NTUC incomeshield -- plan B. a few months back, my wife got a small operation in TMC to take away a small tumor in her chest.
the operation and other services cost around 4k S$, but NTUC said i could not claim any single cent. i am very surprised to see their report. then i called to complain, they told me plan B is for the governement hospital and asked me to buy another plan, Plan P. i felt ridiculous, last time, no Plan P and it just out this year. VERY BAD...
Any similar experience?Originally posted by dragg:cpf board are always full of ideas when it comes to 'maximising' and 'helping' to increase the value of our cpf money.
this is not the first and wont be the last. -
They probably work on warped logic only they can understand.
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Warp logic?
I say EVASIVE logic.
Suddenly a Plan P, when initially there was none?
Why didn't they inform their policy holders instead of waiting for them to claim then tell them about Plan P?
Isn't this evasion from liabilities to policy holders?
Like I've said, they make the policies, and they sure can bend it to avoid paying out any moneys! -
I had posted wat the Insurers r in Spore ,wat r they???
But these had been erased by this GOds!!! As a professional of Insurance and QS industries , I cant say much coz we had been short changed,lah!!! -
It sad to learn about your incident. My advise to you is that dig out all your insurance policy and understand the term and condition fully, if you find it troublsome, ask your servicing agent to help you to explain in detail your policies.Originally posted by play_n_play:all the while using the cpf medisave to buy the NTUC incomeshield -- plan B. a few months back, my wife got a small operation in TMC to take away a small tumor in her chest.
the operation and other services cost around 4k S$, but NTUC said i could not claim any single cent. i am very surprised to see their report. then i called to complain, they told me plan B is for the governement hospital and asked me to buy another plan, Plan P. i felt ridiculous, last time, no Plan P and it just out this year. VERY BAD...
Any similar experience?
Sometime, we just dont remember all the benefit, the exclusion and rider etc...
Oh by the way, Ang Mo Kio community Hospital is not under government structure hospital... cannot claim also. -
Originally posted by qpicanto:
The more people sign up, the less burden the government will have on taking care of old folk, it also benefit the tax payer. Let the insurance company Eldershield give all age 40 and above a basic level of financial security, so that less people go to social welfare for help.
BEEN INFORMED BY SOMEONE, HAS RECEIVED A LETTER FROM GREAT EASTERN TO DEDUCT THE CPF VIA ELDERSHIED AT AN EARLY AGE OF 40.
CPF HAS GIVEN AUTHORITY TO INSURANCE CO TO DEDUCT FROM YOUR CPF WITHOU [b]YOUR AUTHORISATION.
CPF HAS GIVEN AWAY PERSONAL INFO SUCH AS THE NAME,I/C TO INSURANCE CO.
AS THE LETTERS ARE SENT BY INSURANCE CO MANY WOULD JUST THROW THEM AWAY NOT KNOWING THERE IS A OPT-OUT FORM.
WARN YOUR FRIENDS ABOUT IT.
[/b]
You have 14days of free look when the insurance company send you the policy.