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Monday, May 5, 2008

Prepared to lose the premiums paid

Dear Mr. Tan
I've few policies under NTUC Income which bought many years ago.

Recently in Jan 08, I bought another policy called "VIVOLIFE" for my child aged 12 believing that it provides good returns. Lately, I received a letter from NTUC Income announcing the change of bonuses. I did not fully understand the impact of the changes until reading your blog. I thank you for defending our rights.

I'm contemplating to cancel this new policy. I understand that I'll get nothing if the policy cancel during the 1st year. I'm prepared to lose it and will not support the NTUC in future if they proceed with their unfair policies.

REPLY
Thank for for telling me about this matter.

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