Singlife boosts insurance for MINDEF and MHA servicemen

The company has provided coverage for servicemen since 1983.

Singlife will increase the core insurance coverage for personnel under the Ministry of Defence (MINDEF) and the Ministry of Home Affairs (MHA) Group Insurance Scheme starting 1 November.

Coverage under the Core Scheme will rise from $230,420 (S$300,000) to $268,823 (S$350,000), strengthening protection for in-service personnel, national servicemen (NSmen), and NS volunteers. 

The Core Scheme includes Group Term Life and Group Personal Injury policies, which provide life and personal accident insurance coverage.

Singlife also offers a Voluntary Scheme that allows servicemen to increase their insurance coverage, add riders for critical illness or disability, and extend protection to their dependents. 

Coverage remains valid after leaving service, provided premiums are paid.

Participants and their families are eligible for discounts on Singlife’s travel, home, car, and selected health insurance products, as well as benefits under the Singlife Rewards programme.

The enhancement follows Singlife’s long-standing role as the official insurer for MINDEF and MHA. 

The company, and its predecessor Aviva, have provided coverage for servicemen since 1983 through the SAF Group Term Life Insurance Scheme, later expanded to include MHA in 2016.

($1.00 = S$1.30)