WRLife Health Insurance

[KannikaP]

3 hours ago, jerrymahoney said:

The hospital gave all the answers. 

Don't understand. Why would the hospital fill out a life insurance application for you?

[KannikaP]

14 hours ago, KannikaP said:

It is not in my policy because I took that out in February, but I have email from Mr Lorentz, the CEO, saying that I am covered. Whether that is legally binding is anyone's guess.

I shall ask him for an updated policy document. Will let you all know the answer.

Here is the Policy Document I received from WrLife yesterday. Anyone out there can see anything untowards in it please.

Also a Summary of my Serenity Cover.

WR Policy.pdf Serenity Summary.pdf

[jerrymahoney]

5 minutes ago, KannikaP said:

Don't understand. Why would the hospital fill out a life insurance application for you?

The form I provided is for a life insurance policy that I took out a few months before applying to WrLife. It was to show the extensive medical questionnaire I had already undertaken which made it easy to answer the WrLife questions.

 

And my conversation with AIS consisted of: When are you folks going to provide the Guarantee of Payment. I am in the hospital awaiting surgery. (It showed up a few hours later). 

[scubascuba3]

25 minutes ago, KannikaP said:

Here is the Policy Document I received from WrLife yesterday. Anyone out there can see anything untowards in it please.

Also a Summary of my Serenity Cover.

WR Policy.pdf 6.83 MB · 3 downloads Serenity Summary.pdf 1.57 MB · 2 downloads

Worth you checking insurance licence 51230, i did a google search but came up with nothing useful. Licence with who? where? name?

 

The 6 month waiting period is a strange thing, easy to game the system, say you don't have diabetes, 6 months later have it, etc etc. All this comes back to how much money they have to pay claims hence the question about underwriter i.e. who will be funding it, the issue is if too many claims at once they can't pay claims 

[KannikaP]

6 minutes ago, scubascuba3 said:

Worth you checking insurance licence 51230, i did a google search but came up with nothing useful. Licence with who? where? name?

 

The 6 month waiting period is a strange thing, easy to game the system, say you don't have diabetes, 6 months later have it, etc etc. All this comes back to how much money they have to pay claims hence the question about underwriter i.e. who will be funding it, the issue is if too many claims at once they can't pay claims 

I have just emailed Patrick asking how would I know whether or not a claim would be approved in the event of me lying in hospital after having a stroke, heart attack or accident.

I want to be assured that I am covered for all eventualities.

On the Summary of Cover for Serenity policy, it still says that preexisting conditions 'To be Considered. A bit worrying.

[jerrymahoney]

1 hour ago, scubascuba3 said:

The 6 month waiting period is a strange thing, easy to game the system

Easy for who to game the system -- them or you?

[scubascuba3]

14 minutes ago, jerrymahoney said:

Easy for who to game the system -- them or you?

Anyone buying the insurance can pretend they have no pre-existing conditions, wait 6 months then claim, so i expect they have ways to filter those out

[KannikaP]

1 minute ago, scubascuba3 said:

Anyone buying the insurance can pretend they have no pre-existing conditions, wait 6 months then claim, so i expect they have ways to filter those out

Only by going to ALL hospitals/doctors/clinics you may have visited and ask for past records.

[scubascuba3]

5 minutes ago, KannikaP said:

Only by going to ALL hospitals/doctors/clinics you may have visited and ask for past records.

Not necessarily, I can't recall the exact wording but they can call something preexisting even if you didn't know about it, don't forget insurers have some kind of linkup with hospitals, they probably provide name, passport number and hospitals check their database, there might even be a central database

[KannikaP]

2 minutes ago, scubascuba3 said:

Not necessarily, I can't recall the exact wording but they can call something preexisting even if you didn't know about it, don't forget insurers have some kind of linkup with hospitals, they probably provide name, passport number and hospitals check their database, there might even be a central database

Central database........................555. Windows 8 is not clever enough.

[jerrymahoney]

59 minutes ago, scubascuba3 said:

Anyone buying the insurance can pretend they have no pre-existing conditions, wait 6 months then claim, so i expect they have ways to filter those out

If any insurer has reason to suspect there was false data supplied on the application form regarding pre-existing conditions, you might have to prove there were not rather than the insurer having to prove that there were.

 

And a specialist doctor can generally tell the time sequence on an occurrence as to when symptoms became evident, or should have been evident to a "prudent" person, without a search of hospital records.

Edited September 4, 2022 by jerrymahoney

[KannikaP]

Very convincing.

Edited September 4, 2022 by KannikaP

[brewsterbudgen]

6 hours ago, KannikaP said:

Very convincing.

It is isn't it.  I'm reassured ????

[Etaoin Shrdlu]

This is interesting: 

 

https://www.wrlife.net/compant_licences.php

 

And then this from the Nevis insurance regulator's website:

 

https://www.nevisfsrc.com/regulated-entities/#general-insurance-companies

 

Scroll down the regulator's website to the section "Licensed International Insurance Entities" and select "General Insurance Companies". There is mention of Lorentz Capital Ltd. and also Norfolk Insurance Co.

 

I think that the designation "Licensed International Insurance Entities" may designate insurance companies incorporated elsewhere but licensed by the regulator in Nevis to transact insurance business. Not sure about this, however.

 

There is a Lorentz Capital UK Limited, but I don't know if it is the same entity as that shown on the Nevis regulator's website:

 

https://find-and-update.company-information.service.gov.uk/company/13131191/filing-history

 

A couple of financial statements are available to review.

 

I haven't been able to find information on Norfolk Insurance so far.

 

 

 

 

 

 

 

[jerrymahoney]

6 hours ago, Etaoin Shrdlu said:

This interesting: 

 

https://www.wrlife.net/compant_licences.php

And from that linked page:

 

Our Insurance company is an independent compartment of Norfolk Insurance.

Our reinsurers and fronting have several billion USD insurance in force and solvencies over 500 million USD

[KannikaP]

On 9/5/2022 at 4:35 AM, jerrymahoney said:

And from that linked page:

 

Our Insurance company is an independent compartment of Norfolk Insurance.

Our reinsurers and fronting have several billion USD insurance in force and solvencies over 500 million USD

The continuing story of WrLife. Is Norfolk Insurance based in Nevis, wherever that may be.

 

I find it strange that Jerry Mahoney is the only AE poster who has, or has not, reported a claim.

Any other members had good or bad experiences please?

[scubascuba3]

6 minutes ago, KannikaP said:

The continuing story of WrLife. Is Norfolk Insurance based in Nevis, wherever that may be.

 

I find it strange that Jerry Mahoney is the only AE poster who has, or has not, reported a claim.

Any other members had good or bad experiences please?

Seems there's more people on facebook with wrlife, post in Pattaya oracle or pattaya expats and you'll get more info

[KannikaP]

9 minutes ago, scubascuba3 said:

Seems there's more people on facebook with wrlife, post in Pattaya oracle or pattaya expats and you'll get more info

9 minutes ago, scubascuba3 said:

 

Just searched wrlife on Facebook and found nothing but rubbish. Googles Pattaya Expats & Oracle came up with nothing but more FB groups.

 

 

Edited September 6, 2022 by KannikaP

[brewsterbudgen]

1 hour ago, KannikaP said:

Just searched wrlife on Facebook and found nothing but rubbish. Googles Pattaya Expats & Oracle came up with nothing but more FB groups.

 

 

What are you looking for? If you're thinking of using them for your health insurance why not contact them and ask your questions?

[KannikaP]

3 minutes ago, brewsterbudgen said:

What are you looking for? If you're thinking of using them for your health insurance why not contact them and ask your questions?

I was looking for customers of WRLife who have made claims, successfully or not. 

You have obviously not read my previous posts, or you would know that I am already a customer of WRLife.

Edited September 6, 2022 by KannikaP

[brewsterbudgen]

1 minute ago, KannikaP said:

I was looking for customers of WRLife who have made claims, successfully or not. 

Ah.  The broker I use has had some, but I don't have the details.  I guess as a relatively new insurer in Thailand, there won't be hundreds of claims. 

[scubascuba3]

1 hour ago, KannikaP said:

Just searched wrlife on Facebook and found nothing but rubbish. Googles Pattaya Expats & Oracle came up with nothing but more FB groups.

 

 

the idea is you post your questions to one of those groups

[jerrymahoney]

21 hours ago, scubascuba3 said:

the idea is you post your questions to one of those groups

Yes the query being:

 

Please post all of your bad experiences with WrLife so that the self-insured and not-sustainable-business-model folks can have a good I-told-you-so time with you.

Edited September 7, 2022 by jerrymahoney

[scubascuba3]

7 minutes ago, jerrymahoney said:

Yes the query being:

 

Please post all of your bad experiences with WrLife so that the self-insured and not-sustainable-business-model folks can have a good I-told-you-so time with you.

Not quite, it's good and bad experiences. No point having insurance if when it matters and you make a large claim it gets denied. This applies to all insurance companies. Most feedback you will receive will be good but based on the premium paid and cover offered

[KannikaP]

16 minutes ago, jerrymahoney said:

Yes the query being:

 

Please post all of your bad experiences with WrLife so that the self-insured and not-sustainable-business-model folks can have a good I-told-you-so time with you.

We all know that you approve of WRLife because they paid out for your accident.

I just wish there were a few more saying the same, or even the opposite.

[jerrymahoney]

7 minutes ago, scubascuba3 said:

No point having insurance if when it matters and you make a large claim it gets denied.

If. At least for WrLife, you cannot yet come up with an irrationally claim denied.

 

But don't be discouraged.

[jerrymahoney]

1 minute ago, KannikaP said:

We all know that you approve of WRLife because they paid out for your accident.

I just wish there were a few more saying the same, or even the opposite.

The main reason that I signed with WrLife before my claim was that I could apply with them listing no pre-existing conditions as I had a 15 year no claims record with CIGNAGlobal and BUPApre-Aetna.

 

And most claims denial problems -- other than the purely administrative --  as discussed on here seem to be with judgmental decisions related to pre-existing conditions.

 

[KannikaP]

9 minutes ago, jerrymahoney said:

If. At least for WrLife, you cannot yet come up with an irrationally claim denied.

 

But don't be discouraged.

Discouraged from what? Buying a policy with a company you do not know will pay out your claim or not.

[jerrymahoney]

7 minutes ago, KannikaP said:

Discouraged from what? Buying a policy with a company you do not know will pay out your claim or not.

Discouraged that there isn't as yet a big fiasco at WrLife for some to write about. And why do you think they would not payout your claim? Because they deny your claim on medical reasons or they just go financially bust?

Edited September 7, 2022 by jerrymahoney

[brewsterbudgen]

43 minutes ago, jerrymahoney said:

Discouraged that there isn't as yet a big fiasco at WrLife for some to write about. And why do you think they would not payout your claim? Because they deny your claim on medical reasons or they just go financially bust?

This thread is certainly helping.  What worried me most was @Sheryl's doubts, as she is undoubtedly the board expert on healthcare matters and her reservation was about the company's long-term financial viability.  In the end, I took my broker's advice and signed up, but there is certainly a risk in choosing a relatively new player in the market. Time will tell.