What if retrenchment happens to you?
Can the living expenses of your family be covered for while you are still looking for a job?
During times of job uncertainty, are you able to be financially secured?
Helping the Singaporean Worker
This policy came about with the aim of meeting Singaporeans’ needs by matching their necessities together with what our product offers. We adjust to our policyholders’ requirements as well as to the changes of the economic climate; this policy is served to assure Singaporeans well in difficult times.
Meeting immediate cash needs
Guaranteed cash is provided of either $3000 or $6000 as the equivalent amount to 3 months’ salary of an average monthly salary of $1000 and $2000 respectively.
This amount will then help you pull through the hard times while looking for a job.
Example
As little as $0.50 a 40 year old policyholder needs to pay a day to enjoy a whole sum of $6000 in the event of a job retrenchment which is 33 times of the annual premium!
Eligibility
Any Singaporean or permanent residents aged 21 to 60 are eligible to participate holding a permanent full time job for at least 2 years. Retrenchment must take place 6 months after the application of the policy.
|