Forum: Each application for insurance underwritten based on the merits of that case

We thank Mr Wesley Loh for his letter, “Insurers and employers are not being disability-inclusive” (Nov 5), and are heartened to listen to that the consequence of his insurance application was beneficial.

The Life Insurance Association, Singapore and our member corporations wish to guarantee members of the public that every application for insurance might be assessed and underwritten based on the merits of every case, in line with every particular person’s health-medical profile.

The ideas and practices adopted by life insurers in assessing functions for insurance are utilized to all functions and each kind of health-medical situation, and every threat is topic to the identical evaluation course of. This applies to each particular person and company insurance.

Life insurers take significantly their duty to make sure that monetary adviser representatives totally perceive that each particular person has a proper to use for insurance and that functions might be topic to the identical evaluation course of. Financial adviser representatives are anticipated to stick to this trade follow, and shouldn’t flip away functions summarily. Financial adviser representatives are commonly reminded to submit each insurance application to their life insurer for evaluation.

Additionally, our member corporations additionally practice new and current monetary adviser representatives on servicing and speaking with individuals with disabilities or particular wants.

Our precedence is to uphold the professionalism and integrity of the life insurance trade, guaranteeing that everybody’s proper to use for insurance will not be compromised in any means. We advise shoppers to succeed in out to life insurers in the event that they want to get extra data or clarifications on this matter.

Lee Swee Kiang

Executive Director

Life Insurance Association, Singapore