'Smiling' cabby makes $80,000 claim on driver's insurance af
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"Finally after two years, I received a claim from the taxi driver. He is claiming against my insurers for $81,240.91 for personal injuries. That does not include the repair fees for his taxi.
Something is wrong with the figures?
As what I know below, this are the most basic claims, for the same kind of accident, as you encounter, same kind of damages on both vehicles are minor.
the motorist infront still must have a 2 days medical certificate proven he is injured. Than Traffic Police are not involved, and this is his private sue using his own lawyer as below.
a) General damages for pain and suffering $7000.00
b) Medical expenses $347.11
c) Future medical expenses $ 500.00
d) Medical/specialist report fee $267.50
e) Transport for treatment including estimate future expenses $200.00
f) LTA/GTA fees $62.35
g) Contribution to legal cost $3500.00
Hope this will help....about what he said.
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Copy from source.
Car Insurance
Summary of Cover
At Aviva, you’re guaranteed a comprehensive deal on car insurance. But we understand, as individuals, you may want to modify your car policy. And we have made it really easy to do just that. Click "More" to find out about each feature to see which ones are right for you.
Maximum amount payable 
Injury to you:- Death or total loss of sight or hearing
S$20,000 - Loss of limb
S$10,000 - Loss of sight/hearing in one eye/ear
S$10,000 Medical expenses:- If you or any passenger in your car are injured in an accident
S$1,000 -
Originally posted by Markee:
Regardless the facts... as long as your vehicle kissed the back of any cars... you will be claimed !! Even as the cabby stopped suddenly for a pick-up !!fyi, CUMFcuk Cabs are NOT insured with NTUC !!
It is very important to note who is behind you. If you get humped by a private car, u can smile. But if u ebrake and a police or diplomat or ambulance with siren humps you, it may not be so straight forward. Always remember, some cars are more equal than others.
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Originally posted by f1taxidriver:
Life policies that do not have any riders like total permanent disability or critical illnesses still can keep. If got rider portion just go down to their office and remove it, but keep the life policy. You will get back a nice sum of money after say 20 years. If the premium is like $50/month, try to continue lor. If you terminate early, sure lose alot of money. Mistake was made years ago, so just suck it up for a few more years and terminate with some profit at least lor. But of course sometimes we get fed up, maciam pay and pay but get nothing back, and the the insurance company still want to find more ways to squeeze more money from u.
What is 'rider portion'? Sorry I dont know about this.
I bought life policy...dont know got rider portino?
I have already break even this year.
The insurance agent told me if terminate, will not lost any principal but will be regret. But as you say, I want to feel the money after say 20 yrs...something like that and not I died then can claim the money.
What should I do now?
Should I go to the HQ as you say or call my agent first?
Hi TS, sorry to hijack your thread.
I have this problem in my head for many years...gonna exploded!
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Bro after 20 years, it is payback time. Do not surrender now! Big loss. Go to the HQ and ask them to print out the estimated surrender value for the next few years. The profit snowballs every year after break even. Just ask them if there are any riders attached to your policy. If have just cancel unless the accident or disability rider portion costs about $1 per month. If u can afford the premiums, please continue. Especially if your CPF is empty. This life policy will be your retirement income when u r forced to stop driving taxi at 73. Surrender the policy when u feel its the right time, eg cannot drive taxi anymore. If got no children or family, make sure u surrender the policy before u r too old, and enjoy the fruits of your labour. Otherwise all this insurance monies is wasted liao.
Dont call the agent, just go to the HQ. Its faster, and you dont risk getting brainwashed by the agent to buy another policy.
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Originally posted by f1taxidriver:
Bro after 20 years, it is payback time. Do not surrender now! Big loss. Go to the HQ and ask them to print out the estimated surrender value for the next few years. The profit snowballs every year after break even. Just ask them if there are any riders attached to your policy. If have just cancel unless the accident or disability rider portion costs about $1 per month. If u can afford the premiums, please continue. Especially if your CPF is empty. This life policy will be your retirement income when u r forced to stop driving taxi at 73. Surrender the policy when u feel its the right time, eg cannot drive taxi anymore. If got no children or family, make sure u surrender the policy before u r too old, and enjoy the fruits of your labour. Otherwise all this insurance monies is wasted liao.
Dont call the agent, just go to the HQ. Its faster, and you dont risk getting brainwashed by the agent to buy another policy.
Hi Bro, thks for your information.
I have asked my agent about after 20 yr, can get back the money + profits? She said can after I died!!!!!! Shit! That is what I dont want!
Ok I will take note of the 'surrender value' and how much I earn minus out my money dump every year.
I still cant get what is rider means.
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Originally posted by likeyou:
Hi Bro, thks for your information.
I have asked my agent about after 20 yr, can get back the money + profits? She said can after I died!!!!!! Shit! That is what I dont want!
Ok I will take note of the 'surrender value' and how much I earn minus out my money dump every year.
I still cant get what is rider means.
I pass with 3 Insurance Certificates but i forget wat rider is
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Originally posted by JerryJan:
I pass with 3 Insurance Certificates but i forget wat rider is
It is ok bro Jan.I was stupid to sign up this kind of insurance life policy!
My mistake.
And actually I wanted to convert to saving policy or something like after amount of years, you get your money back + profits.
My agent said cannot do it this way.
Sigh!
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me is auntie la
u see wat policy i bought last week
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Originally posted by JerryJan:
me is auntie la
u see wat policy i bought last week
So soryy Auntie Jan, I am Uncle Lik.I am really very poor in this kind of money issue.
I am going to call my agent first.
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Originally posted by likeyou:
Hi Bro, thks for your information.
I have asked my agent about after 20 yr, can get back the money + profits? She said can after I died!!!!!! Shit! That is what I dont want!
Ok I will take note of the 'surrender value' and how much I earn minus out my money dump every year.
I still cant get what is rider means.
As far as I know, all insurance policies can be surrendered at anytime. That is why I ask you to go to their HQ, the customer service officers are unbiased. They do not get anything from your policy. But when u meet your insurance agent, they may take advantage of your lack of knowledge and scare u because they get a cut from your premiums. So they might talk cock sing song and warn u that the policy cannot be surrendered. Dont let these fuckers bullshit u. Just go to HQ and ask your questions. Ask them to calculate your total premiums paid to date, and ask them the current surrender value. The difference will be your profit or loss if you surrender on that day. If you got no CPF, this is your only chance to get back your retirement money. How can you wait till you die? Ask the agent to go eat shit ok.