Fineprints have literally become so small you need a magnifying glass to read it

Very often I find that the insurance portfolio of my clients consists of buying investment linked policies with very low protection benefit but at an exorbitant premium. The only ‘good’ policies they have would usually be CPF’s Dependents’ Protection Scheme and the Aviva SAF Group Insurance.

(To those who are not sure whether are they insured with the Aviva SAF Insurance, they can check their certificates whether they have bought any of the following policies:

1. Aviva SAF Group Term Life Insurance
2. Aviva SAF Group Living Care Policy
3. Aviva SAF Group Living Care Plus
4. Aviva SAF Group Personal Accident Insurance
5. Aviva SAF Group Disability Income Insurance
6. Aviva SAF Group Outpatient MediCare)

The following is a breakdown of money spent on insurance from a randomly picked client of mine who represents a typical messed -up Singaporean’s insurance portfolio:

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