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Anonymous

05 Aug 2019

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With Aviva looking to sell its Asia business, is it advisable to buy a term insurance plan from them now? What will happen to my existing policies?

Word has been going around about the potential sale of Aviva's business in Asia. I'm a little concerned about what's going to happen to my current policies. Anyone got any clue? Also, should I buy a new term insurance now or wait it out or get from some other insurer?

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Gabriel Tham

03 Aug 2019

Tag Team Member at Kenichi Tag Team

In the event that happens, another insurer will take over their customers. You will have a term policy under the new insurer.

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I'm planning to get a Term Insurance with CI. Looking through https://www.comparefirst.sg/, a 400K DPI cost $2289/yr for Aviva Direct Term vs $2256/yr for Aviva MyCoreCI Plan with $3926 distribution cost. What is the key incentive to go DPI, if any?

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