During BMT, a speaker from AVIVA would give a talk about SAF group term life insurance. Signing up for this insurance scheme is totally up to you. For $12.80 per month, you will be covered for $100,000. Also, do note the extra allowance of $20 given to all of us is meant for and to encourage us to but this insurance scheme.
However, this insurance scheme is for life, until 65 years old. It continues its protection after one ORD. Below are some of the benefits SAF group term life insurance:
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However, this insurance scheme is for life, until 65 years old. It continues its protection after one ORD. Below are some of the benefits SAF group term life insurance:
- The premium rates are reasonable and cheap, compared with other insurance schemes offered by other insurers
- Only insurance scheme that provides protection should anything happen to you while you are serving NS (in camp, to and from camp, anything that happens to you because of SAF)
- Option to add a "major illness insurance" rider which covers you from 30 common major illnesses
- Option to cover a dependant if you wish to
- Covers one from death, total and permanent disablement due to illness and accident and dismemberment