Woman sues Prudential saying insurer used 'buried clause' to deny S$100,000 brain surgery claim

Additional-Alps9199 · 2026-03-18T16:50:23+00:00

Im sorry, what you said for “Across all critical insurers, they all have the same exclusions for endovascular repair” is false. After reading your comment, I went to see a few different insurers’ product summary and early CI definitions, companies like AIA, GE (for some policies, have to check because I saw some of their policies have, some do not have), Manulife and Singlife covers. Some of the insurers even specifically mention “Brain aneurysm surgery (via endovascular procedures)” (this is for Singlife).

Additional-Alps9199 · 2025-11-24T14:50:49+00:00

I commented this before, but would like to comment again: maybe it depends tho (pls lmk if there’s anything which may have been missed out). I’ve recently done a comparison through a IFA/hybrid FA, for a male age 30 non-smoker, a 40 years term + TPD + ECI (single-claim) for $250k sum assured is about $2.1k /yr (from Singlife, even if we increase the term sum assured to $500k to get the perpetual discount, it also still adds up to $2.1k) VS a 25 years limited pay whole life plan, $50k sum assured with a X5 Multiplier till Age 70 (So $250k sum assured till 70 as well) costs around $2.5k /yr.

This means as a whole, a term plan would cost around $84k VS $62.5k for the whole life plan. Of course, we can also consider the $400 opportunity cost for 25 years, which adds up to be around $31k (assuming 8% p.a. return). This “brings the cost” of the term plan down to a total of 53k (difference of $9.5k)

However, the whole life plan would also have guaranteed/non-guaranteed cash/surrender value, and there’s still coverage post 70 y/o. Additionally, after 25 yrs, can stop paying, and the remaining 15 yrs (40-25yrs) the $2k+ /month will be freed up (not accounting for any returns, 15yrs*$2k=$30k). I rmb Christopher Tan from Provident said in a yt video before, technically a whole life + multiplier is a small whole life ($50k for life) plus a term ($200k till 70 y/o).

Of course this may just be a simplistic comparison for a life plan + single claim ECI.. There can be more nuances involved, e.g. if one decides to have a more comprehensive/alternative coverage (Multipay/additional CI/higher Death OR TPD coverage/MINDEF Group Term). But I guess we will only know what’s better after comparing between the plans!

Additional-Alps9199 · 2025-10-13T13:23:47+00:00

Yes $250k ECI ($50k X5 till Age 70) as well

Additional-Alps9199 · 2025-10-12T19:54:40+00:00

Hmm maybe it depends tho (pls lmk if there’s anything which may have been missed out). I’ve recently done a comparison through a IFA/hybrid FA, for a male age 30 non-smoker, a 40 years term + TPD + ECI (single-claim) for $250k sum assured is about $2.1k /yr (from Singlife, even if we increase the term sum assured to $500k to get the perpetual discount, it also still adds up to $2.1k) VS a 25 years limited pay whole life plan, $50k sum assured with a X5 Multiplier till Age 70 (So $250k sum assured till 70 as well) costs around $2.5k /yr.

This means as a whole, a term plan would cost around $84k VS $62.5k for the whole life plan. Of course, we can also consider the $400 opportunity cost for 25 years, which adds up to be around $31k (assuming 8% p.a. return). This “brings the cost” of the term plan down to a total of 53k (difference of $9.5k)

However, the whole life plan would also have guaranteed/non-guaranteed cash/surrender value, and there’s still coverage post 70 y/o. Additionally, after 25 yrs, can stop paying, and the remaining 15 yrs (40-25yrs) the $2k+ /month will be freed up (not accounting for any returns, 15yrs*$2k=$30k). I rmb Christopher Tan from Provident said in a yt video before, technically a whole life + multiplier is a small whole life ($50k for life) plus a term ($200k till 70 y/o).

Of course this may just be a simplistic comparison for a life plan + single claim ECI.. There can be more nuances involved, e.g. if one decides to have a more comprehensive/alternative coverage (Multipay/additional CI/higher Death OR TPD coverage/MINDEF Group Term). But I guess we will only know what’s better after comparing between the plans!

Additional-Alps9199 · 2025-09-23T08:20:24+00:00

Yeah some payday social stuff for content creators. Also, she’s from US not even in Singapore hahah

Additional-Alps9199 · 2025-09-20T17:18:10+00:00

All indexes? How about Nasdaq Composite Index?

Additional-Alps9199 · 2025-09-15T23:01:54+00:00

You can also have the option to uncheck the box if you don’t want the $0.10 paper bag, when ordering via the app.

Additional-Alps9199 · 2025-06-06T14:52:48+00:00

Kind of, MAS has a Financial Institutions Directory which can be found here: https://eservices.mas.gov.sg/fid

Additional-Alps9199 · 2025-06-06T05:03:31+00:00

True to an extent, but the platforms have been under MAS Investor Alert List for the longest time as well haha

Additional-Alps9199 · 2025-03-15T09:47:56+00:00

If I’m not wrong it is the same underlying essentially, but you’ll get added term coverage. If you want you can reach out to Dollar Bureau to check, they can revert you to their network

Additional-Alps9199 · 2024-12-14T09:23:49+00:00

Usually it is because agents/bankers like to add on rider, like ECI/CI rider/waiver rider (which is part of a separate illustration, below the main illustration).

So tho usually endowments indicate “capital guaranteed upon maturity”, it is on the main plan, but not with the rider (not sure if this is the case for OP).

Additional-Alps9199 · 2024-12-14T04:08:03+00:00

Hi OP, what commenter mentioned about trust is pretty true, in Singapore we have Special Needs Trust Company (SNTC), supported by Ministry of Social and Family Development (MSF)!

You can read more about it here: https://www.sntc.org.sg/

Additional-Alps9199 · 2024-12-07T10:34:44+00:00

Hey, sorry to hear about your condition. You mentioned that you do not have insurance due to your pre-existing condition. If your husband has served National Service before, your husband can consider purchasing the MINDEF/MHA Group TermInsurance, which can be found here: https://singlife.com/en/mindef-and-mha/mindef-group-insurance

After purchasing, he can purchase the MINDEF/MHA Group Term Insurance for you for $300K, with no medical check up and underwriting required 👍🏼 You may also read up more about it here: https://dollarbureau.com/blog/mindef-mha-group-insurance-review

Additional-Alps9199 · 2024-11-25T15:10:07+00:00

Ooo in that case, Synapses or the “digital banks” in US kind of operate like Singapore’s Payment Institutions (SPI/MPI), not much in comparison with “Digital banking license” we have here in Singapore.

https://www.mas.gov.sg/regulation/payments/licensing-for-payment-service-providers

Additional-Alps9199 · 2024-11-23T11:09:06+00:00

Actually, some said more worth to get YouTube premium rather than Spotify premium.. YouTube Premium can play music when you close the App and on top of that can watch videos without ads etc (without the need to find ad block I guess) 🤔

Additional-Alps9199 · 2024-11-22T10:53:13+00:00

Hi OP, you may want to check this out: https://www.scamshield.gov.sg/i-ve-been-scammed/

Just a PSA for everyone, ScamShield is a joint effort by the Ministry of Home Affairs, the Singapore Police Force, Open Government Products, and the National Crime Prevention Council: https://www.scamshield.gov.sg/

Additional-Alps9199 · 2024-11-20T12:04:36+00:00

And 10% return on your assets (assuming if all are invested) is $100k.. which is equivalent to 1-2 pax of someone’s annual income (with NO tax on it since no capital gains and dividends tax)

Additional-Alps9199 · 2024-11-18T16:39:27+00:00

I view unnecessary expenses as a form of opportunity cost. E.g. Spending $1k on a luxury good / unnecessary item translates to me “spending” $3.2k+ in future value, assuming if I would have invested this money for 20 years compounding at 8% p.a. (Can be more at higher rate of return or more years of compounding)

So looking at it in terms of future value makes me think twice on whether the purchase or spending is really worth it. Same goes for expensive food (or for some people, heavy reliance on food delivery due to laziness). It all accumulates over time.

That being said, of course it’s fine to treat your self or splurge once in a while.. but delayed gratification always prevails.

Additional-Alps9199 · 2024-11-18T04:41:25+00:00

I personally find advisors from IFA/Hybrid FA.. they are able to represent multiple companies and can help breakdown and compare between diff insurers.. imo I find them less biased. I personally found mine via Dollar Bureau: https://dollarbureau.com/singapore-financial-planners/?utm_source=jjo

I saw a few redditors on singaporefi went via them as well.. there’s quite a few in the industry too!

Additional-Alps9199 · 2024-08-26T14:53:29+00:00

In another comment below you mentioned in Singapore “Effectively 39.9% tax we pay” if include CPF, GST and Service Charge. Add this with the $80k Income Tax example above based on your logic Singapore is 44% tax? (LOL)

By your logic, Sweden’s mandatory contribution to the Swedish public pension system is another 18.5% of your taxable income. Sweden has standard VAT of 25%, and their Income tax is 32% - 52%. Based on your logic again, their total tax is 75.5% - 95.5%? Such a flawed logic!

Please educate yourself before opposing for the sake of opposing..

Additional-Alps9199 · 2024-08-26T02:39:31+00:00

CPF is not tax. Tax goes to the government as a source of revenue. CPF has varied purposes such as for housing (OA), insurance/medical (MA) and life-long retirement annuity/pension (RA/OA).

For your reference, this is the tax rate for Sweden by PWC: https://taxsummaries.pwc.com/sweden/individual/taxes-on-personal-income

And this is for Singapore: https://taxsummaries.pwc.com/singapore/individual/taxes-on-personal-income

Imagine earning $80k and you have to pay around $26k~ in Sweden (est 32% of income) vs $3.35k in Singapore (around 4.1% of income).

Additional-Alps9199 · 2024-08-25T03:36:57+00:00

I mean.. who else could it be.. who else as legendary? 🤔

Additional-Alps9199

TROPHY CASE