I noted that there's a lot of very good and affordable group term insurance such as MINDEF group insurance & SAF group term insurance.. But being a PR/employment pass holder we are excluded into these?

Term plan.

Beyond a certain age, it is not true that SAF term plan is cheaper than all private term plans. That is a myth.

Definitely, The cost is just slightly more expensive (about 2 to 5% more only). So it should not matter whether you can get group term, or private term.

DPI insurance, IFA, MoneyOwl can generate them for you.

Honestly, i need to do factfind with you to recommend a holistic solution to you. There are many affordable plans that cater to you.
You can reach out to me to understand more.

Hi Anon,

Yes there are affordable and good value term plans in the market.

The mindef group insurance is indeed a good solution, I've written before here sharing on the pros and cons of mindef group plan.

https://www.theastuteparent.com/2017/06/saf-gro...

But for certain term periods and if you are young, premiums with a personal plan can even be cheaper. You definitely benefit also with critical illness covered on a personal plan.

If you're keen to find out, reach me at http://theastuteparent.com/josh-tan or look for a qualified adviser to help you.

PS: Also join our telegram channel TheAstuteParent here​​​