Advertisement

BukitBatok1985

21 Mar 2023

∙

Is the Dependent Protection Scheme a suitable substitute for Term Insurance?

Is the Dependent Protection Scheme a suitable substitute for Term Insurance?

9

Discussion (9)

What are your thoughts?

Learn how to style your text

YOC

01 Apr 2023

I guess it can be a supplement because 70k may not be sufficient.

Reply

Save

Seedname

27 Mar 2023

Yes though it is not enough usually.

Reply

Save

Elijah Lee

21 Mar 2023

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi Ronald,

DPS is a group term insurance. The cover is merely $70K, which in general is not a lo...

Write your thoughts

Related Posts

The Dependants' Protection Scheme has a premium of $36 but I'm thinking of opting out of it till 45 since I have term insurance. Don't like being auto-enrolled. Wrong move?

What are the differences between Home Protection Scheme, Term Insurance and Mortgage Reducing Insurance?

Heard someone say that the Dependants’ Protection Scheme acts as the baseline for your insurance needs. Why is this the baseline? Shouldn't health insurance be the baseline instead?

Should I cancel my CPF Dependant Protection Scheme (DPS) as I already have the Aviva Group Term Life (GTL) for MINDEF and MHA?

I’m 28f . Tight on Budget. I have no dependent, non smoker. Only have hospital plan pru. Needs a CI plan. Should I take up a PRUTriple Protect term insurance with CI coverage or just a standalone CI?

Related Posts

The Dependants' Protection Scheme has a premium of $36 but I'm thinking of opting out of it till 45 since I have term insurance. Don't like being auto-enrolled. Wrong move?

What are the differences between Home Protection Scheme, Term Insurance and Mortgage Reducing Insurance?

Heard someone say that the Dependants’ Protection Scheme acts as the baseline for your insurance needs. Why is this the baseline? Shouldn't health insurance be the baseline instead?

Should I cancel my CPF Dependant Protection Scheme (DPS) as I already have the Aviva Group Term Life (GTL) for MINDEF and MHA?

I’m 28f . Tight on Budget. I have no dependent, non smoker. Only have hospital plan pru. Needs a CI plan. Should I take up a PRUTriple Protect term insurance with CI coverage or just a standalone CI?

Advertisement