Two brothers, One plan

See how the MINDEF & MHA Group Insurance works differently for two Sons of Singapore!

John Tan, 20, single. 

Full-Time National Serviceman (NSFs). Going to University overseas after his ORD.

For John, the MINDEF & MHA Group Insurance's Core Scheme (paid for by the government) offers enough coverage for now.  At S$150,000 for life insurance coverage and S$150,000 for personal accident coverage, this may seems adequate. After all, he is young, an NSF and has no dependents.

But because he is a Singaporean guy with an eye for bargains, John takes up the MINDEF & MHA Group Insurance's Voluntary Scheme because hey, it's pretty affordable! Also, he knows that he won't have exclusions under the plan as compared to if he waits until he's older and say , acquires a chronic illness. So he upgrades his insurance coverage to S$600,000 at S$24.60 a month.

Once he goes to university, he will be incurring a student loan and other bills while not yet earning a full income. As he will be studying overseas, he will have higher expenses too, for example,  car expenses. Having higher coverage means that if the worst happens, he won't leave the burden of paying off bills and loans to his aging parents.

John also understands that due to their age by the time he graduates, his parents may eventually be financially reliant on him. So once he starts working, he intends to take advantage of the MINDEF & MHA Group Insurance's affordable premiums which can cover him for up to S$1 million. This will ensure that he can pay off his parents' living expenses for a number of years if he’s no longer around.

James Tan, 32, married with two kids.

Sole breadwinner – works as a pharmacist. Operationally Ready National Servicemen (NSmen)

A family man, James takes up the Voluntary Scheme under the MINDEF & MHA Group Insurance. He takes advantage of his SAF privileges by opting to increase his coverage to S$1 million at S$41 a month and also buys policies for his wife and children via the dependant's scheme offered by the same plan.

James is aware that the Core Scheme only covers him while he is on duty (e.g. during his annual In Camp Training). And being in the field of healthcare, he realises that illness or injury needing long-term recuperation may result in a loss of income for him. He wants to ensure that his family is well-covered in unfortunate circumstances, so he also opts to buy riders such as the Critical Illness Rider and Disability Cover which will take care of daily living expenses, education fees or even long-term care costs whilst he recovers from critical illness and is unable to work.

So which brother are you?

With the new MINDEF & MHA Group Insurance, there's a right combination for anyone! Find out more about upgrading your coverage here or speak to a Singlife Relationship Consultant!

P.S. Want to get our latest articles in your Inbox every month?

As a Money Banter subscriber, you'll get regular news update, insights and tips on insurance and offers on products and services.

Thank you for your submission.

Please enable javascript on your internet browser in order to use this form

By clicking “Yes, please!”, you consent to Singapore Life Ltd. (“Singlife”) and Singlife related companies contacting you to provide you with information concerning Singlife and Singlife related companies’ products and services and special offers which may be of interest to you.
For details of Singlife's Data Protection Policy, please refer to To withdraw your consent at any time, please call Singlife at +65 6827 9933.

Important Information

Money Banter (the "Portal") is for general information only and does not take into account the specific investment objectives, financial situation, health condition and needs of any particular person. The contents of this Portal are intended merely for educational purposes and should not be construed as the giving of advice or the making of a recommendation. Nothing contained in this Portal shall constitute a distribution, an offer to sell or the solicitation of an offer to buy. We recommend that you discuss any specific matters with your financial adviser representative or legal adviser before making any decision. You are responsible for your own medical care, treatment and oversight, and any health-related content on this Portal, including, text, treatments, dosages, outcomes, charts, profiles, graphics, images, messages and forum postings are strictly information to promote general understanding of certain health topics only, do not constitute the providing of medical advice, and should not be relied upon as a substitute for professional medical advice, diagnosis or treatment. Always seek advice from a physician or other qualified health care provider regarding your medical condition or treatment and before undertaking a new health care regimen. This Portal may include information sourced from third parties and links to third party websites. We are not responsible for the accuracy or completeness of, and do not recommend or endorse such information or third party websites nor recommend or endorse any specific tests, physicians, products, procedures, opinions or other information. While we have taken reasonable care to ensure that the information on this Portal has been obtained from reliable sources and is correct at time of publishing, information may become outdated and opinions may change. Except to the extent prohibited by any law, we are not liable for any loss (including direct, indirect and consequential loss, loss of profits, loss or corruption of data or economic loss of any kind) that may result from the access or use of or reliance on the information on this Portal.  | Terms of Use | Data Protection Policy

Protected up to specified limits by SDIC. This advertisement has not been reviewed by the Monetary Authority of Singapore.