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

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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