By now you are probably aware that Aviva and Singlife are going to merge into one company. You may be wondering how it affects their policyholders and what is the impact of Singapore’s financial industry. Recently, I was interviewed by the Straits Times regarding my views on the merger. If you think about it, since the […]
Aviva buys over Friends Provident International
From today, Friends Provident International is officially part of the Aviva Group. Not known to many people, Friends Provident International has been running business in Singapore for many years, but only servicing mass affluent and high net worth clients. In my view, Aviva and Friends Provident Life are complementary businesses and their combination will enhance […]
Enhancement of Aviva MyShield Plus Rider effective 1 July 2013
Aviva will enhance MyShield Plus rider which is designed to cover deductible and c-insurance of the basic plan MyShield. This is effective 1 July 2013. There is no change of the Basic MyShield policy. The key highlights are as below: The new and enhanced features of MyShield Plus from July 2013. Guaranteed renewability. New Option […]
Aviva discontinues Global Health and IdealMedical plans and transition of policyholders to Bupa Insurance
Aviva has recently announced that they have decided to withdraw two popular Health Insurance products, “IdealMedical” and “Global Health”, from the Singapore market. As a result of the decision, Aviva will cease to renew existing (in-force) policies on their next policy anniversary date starting from 1 February 2013. Existing policyholders will continue to enjoy the […]
Can you retire with $1,100 per month?
According to Aviva’s Survey on Consumers Attitudes to Saving (February 2010 to November 2011), fewer members meet CPF’s Minimum Sum requirement of S$131,000 each year. Even if you do have $131,000 CASH at your retirement age, based on CPF Minimum Sum Payout Calculator, you will merely receive a monthly payout of S$1,100 for about 20 years, […]
Aviva MyShield Enhancement II
With effect from 1 July 2011, Aviva MyShield is enhanced without any increase of premiums. This is on top of the enhancement done last year. Clients will continue to enjoy the free coverage for children* as well as the opportunity to potentially cover pre-existing medical conditions with Moratorium Underwriting. The enhanced benefits are: Interim Coverage […]