Fineprints for Aviva SAF Insurance for NSmen

The Aviva SAF Insurance is a very popular policy used by those who has done their national service. 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

To me, the Aviva SAF Insurance should not be used as part of the core-insurance of one’s needs. It should be viewed as similar to company’s employment benefits which is not guaranteed renewable. Below is the fine print printed on the certificate:

saf insurance

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Comments

  1. West2East says

    Hi Wilfred,

    Isn’t it universal that all term/group insurance policy is not guaranteed renewable and it’s terms and conditions could be changed without prior notice?

    If it is so, what can form the core insurance of one’s needs? (I belief in buying term due to its low cost and high coverage).

    • says

      “If it is so, what can form the core insurance of one’s needs? (I belief in buying term due to its low cost and high coverage).”

      I suggest you keep an open mind with regard to the kind of products that are suitable. If you already make up your mind the kind of products you want to buy, you run the risk of buying products without proper financial planning.

      • West2East says

        Hi Wilfred,

        Thank you for your prompt reply always.

        I am interested in getting your special package of financial planning for graduates fresh into the workforce. May I know who can I contact to follow up with on this?

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