My advisor says even if I purchase the Aviva Public Officers Group Insurance Scheme now before the new definitions for the CI kicks in on 26/08/20, I will be under the new definition come 26/8. Is it true?

Hi there,

Your advisor is correct with regards to this situation. Aviva's PO Group insurance Scheme (POGIS), is a company based insurance coverage. In this case, the company in question is the Singapore Government, and they are the master policyholder. Having coverage under POGIS, provides you coverage against Death, TPD and TI, but it does not entitle you to ownership of the policy.

As this arrangement between Aviva and SG, is on a constant renewal basis, on the next renewal date, the new CI definitions will come into affect if you were holding on the a POGIS CI rider.

Having POGIS is good to take up as it is affordable, however it is not a permanent solution. Using POGIS to supplement your portfolio is a very feasible approach which many of my clients undertake.

I do hope i was able to address your queries! Have a great week ahead!​​​