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Insurance & Costs of having and raising a child
09-01-2017, 05:12 PM,
Post: #591
RE: Insurance & Costs of having and raising a child
Hi Muck,

The NTUC income term has the same coverage benefit of TPD and death in its mechanism. However, one main difference: 1) it charges $4.30 for every 100k coverage as compared to AVIVA's $12.80.

The other is that only public servants qualify for the NTUC income plan.

Hope it clarifies.

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09-01-2017, 05:59 PM,
Post: #592
RE: Insurance & Costs of having and raising a child
(09-01-2017, 05:12 PM)CY09 Wrote: Hi Muck,

The NTUC income term has the same coverage benefit of TPD and death in its mechanism. However, one main difference: 1) it charges $4.30 for every 100k coverage as compared to AVIVA's $12.80.

The other is that only public servants qualify for the NTUC income plan.

Hope it clarifies.

Thanks CY09, I guess I've been looking at a different thing.... The Aviva plan I saw covers $100k up to age 65 for only $4.10. Cheers.
http://www.aviva.com.sg/life-and-health/...-life.html

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09-01-2017, 06:14 PM, (This post was last modified: 09-01-2017, 09:07 PM by CY09. Edit Reason: edits )
Post: #593
RE: Insurance & Costs of having and raising a child
Muck no worries, that AVIVA plan is only for 2 specific ministries employees.

The 12.80 monthly term plan is open to all Singapore males who have completed or are undergoing NS

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09-01-2017, 11:35 PM, (This post was last modified: 09-01-2017, 11:38 PM by Muck. Edit Reason: edits )
Post: #594
RE: Insurance & Costs of having and raising a child
(09-01-2017, 06:14 PM)CY09 Wrote: Muck no worries, that AVIVA plan is only for 2 specific ministries employees.

The 12.80 monthly term plan is open to all Singapore males who have completed or are undergoing NS

Hi CY09,

It appears that mindef, Spf, Scdf NSFs, NSmen, regulars are all eligible for the $4.10 plan. Maybe buddies would be interested to compare this with the other plan too.

Eligible Members
Operationally Ready National Servicemen (NSmen) Full-Time National Servicemen (NSFs)
Regulars (Full-time, Part-time and Contract Service) servicemen in the:
o MINDEF / SAF [including Defence Executive Officers (DXOs)]  regulars... ...

http://www.aviva.com.sg/pdf/MINDEF_MHA_GTL_Product_Summary.pdf

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