Monday, November 28, 2016

How Long it Take for Insurance Claim to Credit into CPF

There is no standard of service in the CPF to credit the insurance claim into the owner CPF medisave account. Recently there were 2 cases happened to my mother. First one is on Sep 16 when the insurance company had issue a claim payment to my mother CPF medisave account. Waiting for 3 weeks and checked online and the money was not in until I send an  email to CPF then it immediately credit in.

Second occasion was happened in 1st November when the same insurance company had issue a claim payment to my mother medisave account. However after waiting for 4 weeks, the money still not in until I wrote the email to the CPF. Immediately on the same day that i wrote the email, the money was credited in.

I wonder is it the standard operating procedure in the CPF that we need to write email to them to enquiry then they take action. If not how long will the CPF need to take to do the process.

I have asked the question on how long the CPF need to take to process the claim credit but till now no reply from them.

PS - Manage to find the service standard for the CPF https://www.cpf.gov.sg/Members/AboutUs/about-us-info/service-standards-for-members/healthcare

Healthcare MattersManual TransactionE-Transaction
Medisave
Not applicable
We will pay the hospital by the 
3rd working day from the day we receive your claim from the hospital
Reimbursement from Employers/Insurers to Medisave
We will credit the reimbursement to your Medisave Account by the 14th working day from the day we receive it together with all necessary documents
We will credit the reimbursement to your Medisave Account by the 5th working day upon successful submission

However the above 2 cases already clearly indicate that the service standard by the CPF is only on paper only.

Friday, November 04, 2016

Personal Accident that Allow to Renewable Yearly for Life

Most of the Personal Accident Insurance in Singapore only for applicant below 70 years old and renewable to 75 years old. After 75 years old there will be no more personal accident insurance coverage for the elderly. Singapore’s life expectancy at birth has reached 82.4 years in 2013. Meaning there is about 8 years no coverage for the elderly and this is the age that the elderly need more personal accident insurance.

Luckily there is one Personal Accident Insurance issue by NTUC income to protect the elderly - SilverCare Insurance

The eligibility is below age 75 and able to renewable yearly for life.

My mother had a fall in May 2016 and caused fracture right colles. She was able to claim for the medical expenses under this SilverCare Insurance.



No More Free Refreshment aka Food in SPH Annual General Meeting 2016

I have received the annual report from SPH and surprising it attach a note to the Shareholder as follow :


1 November 2016


Dear Shareholder,




After due consideration, the Company has decided that it will only serve coffee, tea and bottled water, with effect from the forthcoming 32nd Annual General Meeting on 1 December 2016.




We thank you for your understanding and look forward to seeing you.

Yours faithfully,
For and on behalf of
Singapore Press Holdings Limited



Ginney Lim May Ling (Ms) 
Khor Siew Kim (Ms) 
Company Secretaries