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Sunday, August 09, 2009

SAF Group Term Life Insurance

The SAF Group Insurance Scheme, underwritten by Aviva Ltd, provides 24 hours' worldwide coverage and is affordable and comprehensive. All NSmen aged 55 and below are eligible to apply. The NSmen's dependant male children are also eligible for coverage from age fourteen days to their 18th year birthday. The insurable age for NSmen's female children has been extended from 18 to 25. The scheme allows the NSmen and their spouses who are insured to continue with their insurance up to age 70. The insurance pays for all forms of death (except suicide within one year from the date of commencement of insurance), total and permanent disablement and permanent partial dismemberment arising from personal accident.

Under the SAF Group Insurance scheme, the NSmen have the option of selecting the sum assured in multiples of $10,000, from a minimum of $20,000 to a maximum of $400,000. For each insured sum of $10,000, the NSman has to pay a monthly premium of $1.28 and $1 for his dependants.

Eligible Personnel
  • All full time servicemen (including full time national servicemen).
  • Defence Executive Officers (DXO).
  • Public Officers employed in MINDEF.
  • SAF Operational Ready NSmen.
  • Spouse of the above insured person.
  • Children, at least age 14 days’ old, of insured member.
I thought this scheme is certainly very attractive and affordable.

SAF Group Term Life Insurance by Aviva [via]


  1. Their critical illness cover can be quite expensive at old age...

  2. Life insurance gives us our life security and reliability.They should give life insurance priority for the health well being.

  3. Thanks for the blog. Life insurance is very important to make sure things are taken care of in case something happens to you. The process can be hard and painful but does not need to. It can be simple, easy and you can even get great insurance online.

  4. When I broke my leg on the job it was so difficult to find coverage, but when I finally got term life insurance it was like breathing a sigh of relief.

  5. Attractive scheme. I like the benefits and the features that the above mentioned policy is providing. Not only its very important to have a policy but also a proper cover should be made. The group plans that are provided to the employees in an organization is just the basic one that is not at all enough.

  6. Term Life Insurance is great for those who can't afford whole life coverage, but want to make sure that their families aren't burdened financially when they're gone. It's much more affordable and the coverage is great.

  7. A life insurance is certainly a type of coverage that you should have for your family. You may resent having to pay a monthly premium but at least you can be sure that your family's financial security won't be compromised in the event of your death. The same policy will cost you more as you get older so better to take care of it early.


Do provide your constructive comment. I appreciate that.

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