Aviva's SAF group term life insurance

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:

• 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

For more information, please visit their website at http://www.aviva.com.sg/life-and-health/for-individuals/saf-insurance-for-nsmen.html.

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When to sign on

Different stages of life, different reasons to sign on

There are a few moments in life where we might come across the option of signing on. They are:

During schooling days

While we are still studying in Junior College/ Polytechnic/ ITE, we are presented with a choice of signing on for the Army, Navy or Air Force.

Reasons one might sign on during this time:

·         Passion of serving and defending nation

·         People whose families are in need of income

Below are the benefits of signing on when you are still a student:

·         Lump-sum bonus upon signing on

·         Getting salary while still in school

·         Able to plot out the path you take during NS

Starting of BMT

During the start of BMT, the recruitment centre of Army, Navy and Air Force would find opportunities to have a dialogue with recruits.

Reasons one might sign on during this time:

·         Passion of serving and defending nation

·         People whose families are in need of income

·         Not wanting to waste 2 years of their lives

Below are the benefits of signing on when you are in BMT:

·         Lump-sum bonus upon signing on

·         Getting salary while serving NS

·         Able to plot out the path you take during NS

 
Before ORD

Before one ORD, they can choose to sign on too.

Reasons one might sign on during this time:

·         People whose families are in need of income

·         Iron rice bowl

·         Not wanting to waste 2 years of their lives

·         Not sure what to do after NS

·         A career option for those who could not get a job after ORD

Below are the benefits of signing on when you are in BMT:

·         Stable income

·         Higher salary when compared with counterparts in the outside world

·         Career for life

All information in this blog post is based on things heard from others. Information might have changed since then. For more precise information, please contact the Army recruitment centre.

For more information about the reasons to sign on, read this related post.

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