after the tragic event of the mega 9.0 earthquake triggering the tsunami hitting japan, perhaps it is only natural for consumers here to have concerns (other than humanitarian) as in this email which i received:
hi,
after what happened in japan, should i even consider buying insurance from tokio marine life insurance singapore?
regards,
ms lim
my comments:
yes, we can all empathise and pray for japan and her people and do what we can to help this nation and the many thousands of lives impacted by the natural disasters of march 11, 2011.
as to your query, the parent company of tokio marine life insurance singapore being the tokio marine group which is one of the largest non-life insurers in japan, there will be commercial property claims but earthquake insurance is not standard coverage and therefore, the exposure represents a tiny percentage of the tokio marine portfolio.
financially, tokio marine life insurance singapore is totally independent of the tokio marine group and is regulated by the monetary authority of singapore. furthermore, our insurance act ensures that all insurers have sufficient assets to meet all liabilities to their policyholders.
therefore, consumers here should rest assured that buying a life policy here from tokio marine life insurance singapore or any other insurance company comes with the full protection accorded to them through our laws and regulations.
i hope i have addressed your concerns and thanks for visiting and supporting my blog.
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