#Car Part 1 Aren't you worth much more than your car? >>> Part 2 Chun bo???

Part 1

Mr Speedy: How much is the car insurance premium for my Mazda 6?

Insurance Agent: $1,000 for this year.

Mr Speedy: Very good! This year's premium is cheaper than last year by $150.

Insurance Agent: Yes, because your No Claim Discount (NCD) has increased to 50%.

Mr Speedy: Ok! I will pay the full amount by credit card.

Insurance Agent: Thanks, Mr Speedy! By the way, do you have personal accident insurance coverage of $1,000,000 for yourself?

Mr Speedy: No!! Why should I have so much coverage? $1,000 annual premium some more? So expensive!!

Insurance Agent: But aren't you worth much more than your car?

Part 2

Mr Speedy: (Must think of a rejection line)....Oh! Actually, I love my car twice as much as myself. Ha ha!

Insurance Agent: I see..... (Thinking hard)
Insurance Agent: So that means you will pay $500 on yourself since you mentioned that insuring your car for $1,000 is cheap.
(Feeling excited) Ok! A personal accident plan with Accidental Death & Permanent Disablement benefits of $500,000 plus Medical Expenses benefits of $5,000 at an annual premium of $490 before GST, should work for you right, Mr Speedy?

Mr Speedy: Are you saying, I need to pay $490 a year to cover myself for $500,000 in accidental benefits? Hmm, I think it is still too expensive. (So easy to get me meh)

Insurance Agent: So Mr Speedy, how much should the premium be then it is reasonable for you?

Mr Speedy: I think I can set aside $1 everyday drinking 1 less cup of Kopi-O, since it has increased in price and my wife has also been nagging me to cut down on my coffee consumption. (Ha ha! Now, see how you can provide me with $500,000 coverage with just $300 yearly premium)

Insurance Agent: So that works out to be approximately $300 yearly.

Mr Speedy: Yes, you can say that.

Insurance Agent: Ok! I am proposing to you another personal accident plan with Accidental Death benefit of $500,000, Permanent Disablement benefits of $200,000 plus Medical Expenses benefits of $3,000 at an annual premium of only $299 before GST.

Mr Speedy: (Shocked!) Chun bo???


Do you think it is possible that this Insurance Agent can really come out with such a personal accident plan for Mr Speedy in Singapore?

Look forward to your polling comment.