If you are a male Singaporean growing up in Singapore, your first encounter with insurance would be the SAF Group Insurance.

It is our primer to the world of insurance, before BMTC brings in some insurance agent to tout their products.

Over the years, the SAF Group insurance have undergone much changes. Many of which I felt is for the better.

Recently, I receive new mailer from Aviva, the company operating the group insurance for SAF. The group insurance now is known as MINDEF & MHA Group Insurance. This likely bring into alignment 2 different uniform civil organization into one common umbrella.

The coverage of this group insurance have grown from one protection area to 5 different protection areas. The premiums are affordable as well.

I believe this group insurance can act as a starting baseline if your life is not complicated. Thereafter you can build on this baseline, when …