Which AVIVA Group insurance did you get and why?

With the NS men group insurance for both term life and personal accident insurance + living care / plus - the premiums to be paid is minimal in comparison with the other insurance companies.

For all fellow NS Men eligible for this, what made you decide to take up the other plans? The coverage and pricing seems to be really good.. looking forward to everyone else opinion .. thanks!

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Elijah Lee

23 Aug 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

I view Aviva's group insurance as an add on in term of coverage. Premiums are cheap till 65 for the death/TPD portion of coverage, as well as for personal accident. However, the maximum cover is $1 million, which may not be adequate depending on your individual circumstances, and you are not the policy owner, which means that you can lose your coverage in the unlikely event that this scheme ceases.

Ensure that you have your own personal coverage before consider such add ons to complement your cover. For example, you wouldn't want to rely on your company's medical/hospitalization coverage as you could change your job or retire someday, and with that, you would lose your coverage.

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Josh Tan Jian Liang

23 Aug 2019

Co-founder https://theastuteparent.com at Promiseland Independent Pte Ltd

Hi there, for 20-year term plans to cover for life and TPD (example to cover for mortgage loans), a personal term plan can be even cheaper. Depends on what are your key concerns.

To the age of 65, the Group term life premium is cheap. Similarly for the personal accident coverage.

On the other hand, the critical illness (living care) is not competitive and the early critical illness rider (living care plus) has limitations. I've got a full write-up on it over here:

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

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