Serious German Firm Allianz Buying Over PAP Income Insurance! Low SES Sinkies Worried That Era Of Cheap Insurance Is Over!

[JohnTan]

SINGAPORE - Allianz’s plans to buy a majority stake in Income Insurance have sparked concerns among some Singaporeans over their health insurance plans tied to Income, despite the German insurer’s assurances that there will be no change to national insurance programmes.
They also fear that Income’s original social values and mission to provide coverage for lower-income groups will no longer apply once Germany-listed Allianz takes a controlling stake, spelling an end to affordable insurance coverage.

https://www.straitstimes.com/busine...rance-sparks-concerns-among-some-singaporeans

 

[oliverlee]

first you jab them, then they develop all kinds of sicknesses and disease. You increase their premiums and costs of riders. Finally you keel them over with a sale that will potentially make insurance coverage out of reach. Whoa, brilliant mudderfuckers

 

[sbfuncle]

This is a 大茶饭 for pap.
Every pap cronies will get a share of the pie.
Pap can sell anything for the benefits of themselves.

 

[whistling]

FUCK PAP

 

[laksaboy]

Allianz should turn that NTUC Income building into a hotel, move the office to the CBD instead.

They also fear that Income’s original social values and mission to provide coverage for lower-income groups will no longer apply

Still believe that NTUC is a legitimate labour union, and all of its affiliated businesses are co-operatives or have no profit motive?

 

[batman1]

Sinkess are furkedup.

 

[k1976]

Sinkess are furkedup.

Most are saw hei or part timers

 

[laksaboy]

Not sure why the wiki hasn't been updated yet.

I remember that prior to Great Eastern being a main sponsor alongside Yeo's for the S-League, NTUC Income was the sponsor for a few years, before 2009.

https://en.wikipedia.org/wiki/Singapore_Premier_League#Sponsorship

 

[oliverlee]

Most are saw hei or part timers

saw hai like all the women in your family