Has anyone had bad experience or any experience at all with making insurance claims from NTUC Income? Their premium is so much cheaper than the other 4 big insurers it makes one wonder what's the catch. From the reseach i've done, their premium can be twice as cheap as others like Great Eastern or AIA.
I've heard people say that Income is difficult and slow to claim but does anyone have real life personal experience?
Thanks.
2 comments:
Used to ensure my old car with Income. When I made claims, only grouse was that I had to go to IDAC to assess damage.
Other than that, claims were made out in time.
My car wasn't insured with Income. But I once had a small accident with another car which was with Income. I did recall having to go to IDAC for them to assess the damage of my car. But other than that, the claims were made out to me rather quickly.
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