I just bought a whole life plan! Is it true Aviva is not doing well?

Hi anon,

Not to worry, your policy is protected by the policy owner's protection scheme.

You can find out more here:

https://www.lia.org.sg/tools-and-resources/faq/...

Your policy's death benefit and surrender value are protected. However, I do want to clarify; what do you mean by 'not doing well'? They are not selling their Asia business any more, that was old news. That did spook a number of people who were considering Aviva plans last year. But other than that, there hasn't been any indication that their business is having issues in Singapore.....

I think they are backed by the government , if I am not mistaken.

I don't think you made the wrong decision :)