Did anyone opt in for the trust bank insurance scheme? At 50 cents per month, is that actually a good deal? Am considering to cancel it after the free period but can't find the option to do it.
Did anyone opt in for the trust bank insurance scheme? At 50 cents per month, is that actually a good deal? Am considering to cancel it after the free period but can't find the option to do it.
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If you already opt in for Dependent's Protection Scheme through CPF, there's really no need for this. The max benefit is only $8000 per family member.
Accidental death $8,000
Permanent disability due to an accident $8,000
Cancel by writing to [email protected]
FAQ about cancellation: If you wish to cancel your plan, find out how in your Trust App under Profile Contact us Account opening and closure How can I cancel my insurance policy.
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Based on experience, it is important to make sure your dependent even know about it and know to claim it. If not, don't consider having money at too many places unless it is worthwhile or it end up as unclaimed monies.