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Alert: Unethical Insurance Agents that give the Industry a Bad name
As all mothers in highly competitive Singapore, Mary Lee, a simple working-class mother was looking for a legitimate investment and saving plan for her young son. She wanted to set aside a substantial portion of her annual earnings for the next 10 years, in the hope that this will ease her burden when it is time for her son to pursue his tertiary education.

Arising from this, she was approached by an agent from a leading insurance company in Singapore; a certain Mr. Edwin. Edwin proposed a savings policy to Mary where she will have to make an initial payment of SGD$3,000/- for the first year, followed by slightly higher premiums for the following 9 years. The projected returns on the said policy was attractive to Mary.