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We asked 2 people why they bought ‘My First Life Insurance’

Written by Singlife | 24 Mar 2021 |

We see that you’ve gotten your ‘My First Life Insurance’ (MFLI) quote! We hope you found the process as quick and painless as we did!

You’re probably doing your research and cross-comparing different plans before coming to an informed decision, and we are all for that!

We’re clear the plan may be for some, but not for everyone. This is owing to their situation, preferences and budget. To help you further in your research, we thought we’d highlight 2 people and why they have found MFLI suitable for their needs:

“For me it served my purpose. I wanted to buy something fast, I didn’t have time to talk to an agent and so opted for MFLI because it gave me basic coverage (S$50,000 coverage), low premiums (S$4.28/month) & no hassle of needing to do a health check. Plus it allows me to surrender my policy anytime on the app.”
– N.R., 38 y.o., male, non-smoker

“Am an EP pass holder. Getting a life insurance policy in Singapore always sounded like a pretty complicated thing to do, so I never tried. However, I knew getting a life insurance policy was good practice, and with how affordable (I pay S$133 per year for S$200k coverage, which is about S$11/month) and quick MFLI was, it was a natural choice.”
– A.B., 36 y.o., male, non-smoker

The process of getting covered no longer needs to be long and tiresome with MFLI. In less than 10 minutes, and for as low as S$2.17/week* (which is worth a cup of kopi or teh!) you can get yourself covered!

Make your payment for your MFLI policy here.

 


 

*S$2.17/week is based on a male, non-smoker profile, age 25, S$200k coverage, with an annual premium equivalent to S$113.40, which comes up to S$0.31/day.

My First Life Insurance plan is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer (or name of Scheme member) or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).

This advertisement has not been reviewed by the Monetary Authority of Singapore.