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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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30-04-2017, 01:19 PM,
Post: #595
RE: Insurance & Costs of having and raising a child
Safeguarding your family's health and wealth
The Sunday Times takes a closer look at three new insurance products: for kids, diabetics and high-net-worth individuals

by Lorna Tan
PUBLISHED 30 April 2017

KIDASSURE GIO RIDER BY TOKIO MARINE LIFE INSURANCE SINGAPORE

KidAssure GIO Rider provides coverage against death, 16 medical conditions commonly experienced during childhood, including autism, severe asthma, bacterial meningitis, leukaemia and major head trauma, as well as eight hospitalisation conditions like burns, choking, hand, foot and mouth disease and Zika.

Designed to provide coverage for a child up to age 19, premium payments are required for only five years. No medical underwriting is needed but the insurer requires a health declaration. The cover ceases when the child turns 19, at which point an 80 per cent refund on total annual premiums will be payable.

For example, the annual premium for a $50,000 cover for a child aged between six and 10 is $350, payable for five years. This works out to total premiums of $1,750 of which $1,400 is refunded when the child turns 19.

The child will be covered for a death benefit of $50,000, $10,000 for each medical condition and $500 for each hospitalisation condition. The medical and hospitalisation conditions are claimable up to five times.

More details in http://www.straitstimes.com/business/saf...and-wealth
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
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