Elderly woman in dispute with bank over $100k in losses for terminating insurance policy early

The dispute centres on whether Madam Ong was tricked into making unwise investments or if it is just a case of buyer’s remorse. PHOTO: ST FILE
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SINGAPORE – A 69-year-old housewife is trying to recover more than $100,000 in losses after an early termination of an insurance policy she bought from DBS Bank in 2019.

The bank disputes her claims. Early termination usually involves high costs and it says the woman was made aware of this.

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