Andy Lau to receive insurance payouts of US$44,000 a day
Insurance to compensate for loss of income due to injuries sustained in a horse-riding accident
Andy Lau to receive insurance payouts of US$44,000 a day
INSURANCE NEWS
By Gabriel Olano
21 Mar 2017
Image by Pete Yeung, Flickr

Top Hong Kong showbiz personality Andy Lau has been discharged from the hospital recently and is reportedly receiving a total of HKD80 million (US$10.3 million) in insurance compensation due to loss of income.
 
Lau, 55, was injured on January 17 in a horseback riding accident while shooting a commercial for a tea brand in Thailand. He suffered several pelvic fractures and tendon injuries, leading to an almost two-month stay at the Hong Kong Sanatorium and Hospital.

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According to a report by Malaysian Chinese-language daily Kwong Wah Yit Poh, Lau will receive HKD80 million (US$10.3 million) from insurance to make up for lost income. This translates to approximately HKD342,000 (US$44,000) per day, based on his 51-day confinement in the hospital, followed by another six  months of rehabilitation.
 
Earlier estimates showed that Lau was expected to lose almost US$13 million in income due to cancelled activities such as movies, concerts, and commercial endorsements.

“I’ve returned home,” Lau told his fans via a post on his website dated March 10. “Trust me!! I’ll be able to stand up by myself very soon!”


Related stories:
Andy Lau may lose almost US$13m in income due to accident
Thailand cracks down on drunk drivers
Despite more car accidents in Singapore, insurance claims are down
 
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