When you purchase SAF Group Insurance Death, TPD, Major Illness, or Disability Income cover, the brochure will say that they will rebate you during the good years.
While the group term insurance provided is already the cheapest insurance around, I am left astounded that they actually rebated me that much premium as rebate.
Since I applied, no matter the amount, they have rebated almost every year.
If you are looking for affordable coverage, this insurance is a consideration for Singaporeans that have served their country, or are still serving their country.
A note that there are some limitations of SAF Group Insurance, so do not think that just because its cheap, you based your ENTIRE insurance strategy on it.
Some further readings:
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