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 [
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