Tuesday, June 10, 2008

Shocking Numbers!

I've just discovered Marou Sarne's post (dated June 5) in her multiply blog and I was staggered at the sheer numbers she wrote there:

"if you have accumulated 50 POINTS in your SM ADVANTAGE CARD, chances are, you have already been enrolled in the accident insurance program of philam without your prior knowledge.

this is what i gathered from TRADE AND INDUSTRY UNDERSECRETARY ZENAIDA MAGLAYA after my interview with her in the program, BUSINESS IS OUR BUSINESS this noon in DWIZ 882 khz am (monday to friday 12-1 pm).

according to usec maglaya, she talked to MR. REY MACLANG who is apparently the head of the promo department of the sm advantage card, and mr. maclang admitted that they have enrolled more or less 700, 000 card holders to this program. there are 4 million sm advantage card holders. 700, 000 qualified for the promo. this means P 14 million worth of accident insurance through the deducted rewards points (mathematical explanation: 20 points which is equivalent to P 20 is paid to the accident insurance of every qualified card holder, in this case, 700,000 card holders.)

i asked usec maglaya if sm has violated any law regarding this pre-enrollment and the late announcement / information dissemination through email. she said that they have to investigate deeper and collect evidences before they could conclude that the sm-philam collaboration is punishable by consumer laws.

what does dti need?
1. they need the formal complaints of the cardholders who have been irked / affected by this insurance promo
2. they are asking for the flyers, print ads, emails and text messages that sm supposedly published / disseminated before the promo started
3. they need the contract which the card holders signed before they became members (to check if there was an agreement regarding this automatic insurance program)"

Now at least one of my questions was answered. P14 million pesos!!!! Wow, I wonder WHO got richer because of that?!

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