Insurance
SAF Group Insurance One Conveyance Limitation
By Investment Moats  •  July 6, 2013

SAF Group Insurance One Conveyance Limitation insurance+limit

A lot of sources advocate the virtues of SAF Group Insurance because you are able to cover your insurance needs at a very affordable rate.

However, there are some limitations to the group insurance that will affect the insured and the family compare to non-group insurance policy.

One such limit is the limits of liability for Aviva if the insured Persons are travelling as a group.

In the event of claims arising from any number of Insured Persons while travelling in a single conveyance, the maximum aggregate liability under the Policy for all such Insured Persons taken together, shall be limited to $10,000,000 for each land vehicle, $18,000,000 for each sea vessel and $20,000,000 for each aircraft unless a lower limit is applicable under ( b ) and ( c) below.

So  what this means is that if you have 30 Singaporean men travelling on an SIA flight each insured ...

...
Read the full article
By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance