Time for the Jockey Club to change another law

The amount of jockeys who have taken fat insurance payouts and then want to come back and ride again is an embarrassment and should not be allowed. Often these guys get more than fair settlements and should really go and earn a living in another discipline. I got told today that Mark Khan wants to make a comeback to the saddle, this after receiving an EIGHT figure settlement when he "retired".

The Jockeys are finding it more and more difficult to get cover because of this abuse.

Over the Air wrote: The amount of jockeys who have taken fat insurance payouts and then want to come back and ride again is an embarrassment and should not be allowed. Often these guys get more than fair settlements and should really go and earn a living in another discipline. I got told today that Mark Khan wants to make a comeback to the saddle, this after receiving an EIGHT figure settlement when he "retired".

The Jockeys are finding it more and more difficult to get cover because of this abuse.

Abuse is a strong word...do you have their medical records to back up this accusation?

Lionel wrote:

Over the Air wrote: The amount of jockeys who have taken fat insurance payouts and then want to come back and ride again is an embarrassment and should not be allowed. Often these guys get more than fair settlements and should really go and earn a living in another discipline. I got told today that Mark Khan wants to make a comeback to the saddle, this after receiving an EIGHT figure settlement when he "retired".

The Jockeys are finding it more and more difficult to get cover because of this abuse.

Abuse is a strong word...do you have their medical records to back up this accusation?

Lionel what would you call taking a payment because of inability to continue riding and then go back to ride when the insurance funds have dried up?

Jocks are getting higher premiums and less benefits for this ABUSE

Only one insurance company now prepared to insure Jocks because of this. Many senior jocks currently riding are GATVOL of this ABUSE

Posted the same a few weeks ago www.africanbettingclan.com/index.php/kun...ey-doing.html#665200

Over the Air wrote:

Lionel wrote:

Over the Air wrote: The amount of jockeys who have taken fat insurance payouts and then want to come back and ride again is an embarrassment and should not be allowed. Often these guys get more than fair settlements and should really go and earn a living in another discipline. I got told today that Mark Khan wants to make a comeback to the saddle, this after receiving an EIGHT figure settlement when he "retired".

The Jockeys are finding it more and more difficult to get cover because of this abuse.

Abuse is a strong word...do you have their medical records to back up this accusation?

Lionel what would you call taking a payment because of inability to continue riding and then go back to ride when the insurance funds have dried up?

Jocks are getting higher premiums and less benefits for this ABUSE

Only one insurance company now prepared to insure Jocks because of this. Many senior jocks currently riding are GATVOL of this ABUSE

Insurance companies need to do their due diligence better then, IMO. Not sure of the cover etc, but are they claiming permanent/temporary disability? Who are the doctors signing this off etc etc. It's not as simple as the jockey want the payout therefore claim disability?

BTW, writing words in caps and bold doesn't make it factual...just saying...

I assume that you have life insurance OTA. If so lets hope that you do not believe in reincarnation.

In very broad terms this is how disability insurance works:

1.) Cases where a once off lump sum is paid.
2.) Cases where an ongoing income is paid. (This is usually referred to as Income Protection/Permanent Health Insurance).

Lump sum : A lump sum will be paid after a 'waiting period' of anything up to 24 months. The assurer will typically admit a claim based on medical evidence & related information. This type of insurance comes in a variety of 'flavours' ranging from almost suspiciously cheap to quite expensive. The cover becomes more comprehensive and all embracing in direct relation to the premium being paid & the definition of the disablement.

To put it very crudely - The cheap cover will require a 'cabbage type' status before a claim is admitted. The expensive stuff might only require an inability to perform your stated occupation to trigger a successful claim.

Income Protection : Here a regular income will be paid after a waiting period ranging from 7 days up to (usually) 24 months. Obviously the 7 day version will cost substantially more than the 24 month variant.

The assurer may call for additional evidence that the assured is still 'disabled' even after the claim has been admitted; so there is no guarantee that this benefit will be paid indefinitely.

As you can see from the latter cover - it is entirely possible that the assured might recover sufficiently to resume his/her career; at which point the benefit would cease.

So there is nothing particularly unusual in a claimant becoming rehabilitated & returning to a former occupation.

There are a wide number of variations to the terms & benefits described above. I hope this might merely serve as a very simple guide.

Thank you Garrick ...sometimes being rehabilitated can take time , thank goodness the jocks can have this cover.