The quickest way to look at insurance is that everyone pays their premium which accumulates into a pool of money. This pool of money will then be used for anyone in the group that ends up having the need to claim for whatever the policy is intended for.

When it comes to insurance, getting the Aviva MINDEF/MHA Group Insurance is probably the first policy most Singaporean guys purchased for themselves.

A lot of us will go on to decide if we should cancel the policy after we ORD. We are not really sure if that is the right decision and did our little bit of research.

During your term of service since 1 July 2016, the MINDEF/ MHA Group insurance is provided for personnel serving their term of National Service. After their ORD date, they have the option to continue coverage under the Voluntary Scheme.

The Voluntary scheme comprises of Group