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 […]
Aviva MyShield Enhancement
Aviva has recently upgraded their most popular MyShield and MyShield Plus. The enhancement has gained Aviva MyShield significant advantage over other competitors. Besides, there are two key features of MyShield: Moratorium Underwriting – people with pre-existing condition can still be accepted though terms and conditions apply. FREE Coverage for Children – this will definitely result […]