water in my room... for policyholders to stay in old bonus scheme.
What I read so far in the papers are just assurances from various bigwigs from NTUC Income and NTUC that policyholders' interest will be taken into consideration. Can you provide some details on how our interests will be taken of?
I have been wondering whether NTUC Income has the right to amend the bonus features from the legal standpoint? Can you please cite the clauses in the insurance contracts that I have signed giving NTUC Income such flexibilities?
Mr Tan Kin Lian, if you could, please share some info on the meeting.
I have been waiting for enlightenment on this issue since Mr Tan Kin Lian, the ex-CEO met with the other Mr Tan, the current CEO of NTUC Income.
What I read so far in the papers are just assurances from various bigwigs from NTUC Income and NTUC that policyholders' interest will be taken into consideration. Can you provide some details on how our interests will be taken of?
I have been wondering whether NTUC Income has the right to amend the bonus features from the legal standpoint? Can you please cite the clauses in the insurance contracts that I have signed giving NTUC Income such flexibilities?
Mr Tan Kin Lian, if you could, please share some info on the meeting.
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In Sunday Times today, Lorna Tan wrote an article with information that I am looking for.
An excellent summary of the issue - Is Income breaking a promise?
Who are affected?
Those policies bought or sold (depending on who you are) after 1993.
Does Income has a legal right to do so?
Apparently yes as per Lorna. So far we have only "implied" guarantee.
Is the past annual bonus rates sustainable? Current NTUC Income's management said no and thus the need to change. If no, did the current management use those bonus rates in their "transparent" advertisements last years?
Mr Tan Kin Lian and Ms Lorna Tan seems to think they are sustainable.
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