To Buy or not to Buy Life Insurance is Individuals' Prerogative Rights.

To buy or not to buy life insurance policies is an individual's prerogative right. No one should be allowed to trample on this sacred human right on whatever the pretext. No insurance companies or corporations or conglomerates or insurance agents should have the right to force the people to buy life policies. No one in his right mind should be allowed to override this basic inherent human right.

Majority of working class people can hardly earn enough to sustain their every day life sustenance. Yet they have to be compulsorily forced to pay for their CPF. Do they still have enough cash left to be forced again into buying irrelevant life insurance schemes. If buying life insurance policies is made compulsory into a national commercial policy it is tantamount to stepping on an individual's basic human right.

There is no problem with the elites one percent or upper middle class ten percent population who earn hundreds of thousands or millions of dollars every year so they can buy any number of life policies they want to which ironically they do not need to except perhaps out of greed.

Big insurance companies anywhere in the world earn hundreds of millions or billions every year. But how much do they dispense due to claims, very minimal not even five percent or at most hardly ten percent .

CPF which is supposed to be an individual's life savings but has been hijacked into some sort of insurance schemes like Medisave, Medishield and Eldershield. Eldershield hardly dispense more than a few percent in claims out of the billions it has raked in as profit. And now the working class people are again forced to pay the compulsory Care Shield Life Insurance. How many more billions will this Care Shield Life Insurance squeeze from the people? And how does it intend to really dispense for subscribers when their needs arise without trying to give excuses of not paying out with illogical rules like what is happening with Elder Shield in which you can draw from the scheme only when you are bedridden, when you can't feed yourself, when you can't bathe yourself, when you are handicapped with only one eye or one leg or one arm. This is really atrocious. In other words they will dispense your claims only in the last episode of your life in the last few days, few weeks or few months of your life. Why can't they kick in the payment earlier to make the difference when an individual's life can still be saved?

So this sort of  insurance scheme is very mercendary. The scheme is only concerned with making more and more money and yet it is claimed that the scheme is good for the people. Therefore the authority must not arrogate to itself the right to impose the scheme on the people. The people's interest must not be subservient and subsumed to the profit oriented interest of the insurance company or companies. Must the people continue to be conned and block chained?

For fair play the people must be given some leeway or else it is going to be troublesome when many really cannot afford to pay.

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