New system for Incomeshield helps to clear the backlog

Here is a report from my head of Group & Health Department.

We have recently introduced a new computer system to handle the upgrade to Enhanced
Incomeshield. It works well and is able to clear many cases efficiently.

We have processed more than 20,000 cases (out of 60,000) that do not require underwriting. However, we continue to receive 10,000 new requests each week. We anticipate this will only start to slow down next month.

We expect to clear the backlog completely by Sep 2006. For new requests received at our enhanced@income.com.sg, we send an email reply of acknowledgement to the sender on the same day.