Aviva Disability Support Program

[decibel.]

Hi anyone signed up for this? Just wondering if there's any catch? Like it's totally free protection for that few months?

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[BBCWatcher]

Here's the link to learn more and to sign up online:

https://www.aviva.com.sg/en/dsp/

It's open to all Singaporean citizens and Singaporean Permanent Residents age 30 to 40. The deadline to sign up is June 30, 2020, but you don't get this very little bit of coverage until you sign up. There's no charge to sign up, and, if you become severely disabled by September 30, 2020, Aviva will pay S$600 a month for up to 60 months (maximum S$36,000 total) after a 3 month waiting period. Beneficiaries will also be allowed to sign up for Aviva's future CareShield Life supplementary plan, assuming Aviva's application to offer that product is successful.

OK, so what's the catch? There are two:

1. You have to provide Aviva with your contact details, and Aviva's sales representatives are undoubtedly going to try to sell you something else. So you have to endure a sales lecture. If you're not interested (and probably you won't be), that's easy: use the simple word "No" and hang up.

2. While a little extra coverage is welcome (why not?), in no way is this freebie coverage a substitute for what most people should carry in terms of genuine insurance necessities, including especially Disability Income Insurance.

As with ElderShield, CareShield Life, and Total and Permanent Disability (TPD) insurance, you have to be severely disabled in order to qualify for a payout. Not merely unable to work (and lose your income, even for life), but REALLY disabled.

Anyway, I think it's reasonable to claim this tiny bit of free insurance for the price of a sales phone call, uttering the two letter word "No," and hanging up. It's basically a free lottery ticket with a maximum $36,000 payout. (It's insurance, but it's not solving a genuine insurance need you have and should solve.)

This is a pretty common marketing technique in the insurance industry. As another example, Great Eastern has a "Great Bundle of Joy" promotion that offers expectant and new mothers a diaper bag and 6 months of (very little) Personal Accident insurance. Get a free gift (including a little bit of free insurance that, even if it pays, won't amount to much), and the insurance company's salespeople come calling. This is not a problem if you know how to say "No" and hit the red button on your phone.

 

[boredboiboi]

Hi anyone signed up for this? Just wondering if there's any catch? Like it's totally free protection for that few months?

Sent from HUAWEI VOG-L29 using GAGT

Yes no catch. Totally free. Sign up personally too.

 

[decibel.]

Here's the link to learn more and to sign up online:

https://www.aviva.com.sg/en/dsp/

It's open to all Singaporean citizens and Singaporean Permanent Residents age 30 to 40. The deadline to sign up is June 30, 2020, but you don't get this very little bit of coverage until you sign up. There's no charge to sign up, and, if you become severely disabled by September 30, 2020, Aviva will pay S$600 a month for up to 60 months (maximum S$36,000 total) after a 3 month waiting period. Beneficiaries will also be allowed to sign up for Aviva's future CareShield Life supplementary plan, assuming Aviva's application to offer that product is successful.

OK, so what's the catch? There are two:

1. You have to provide Aviva with your contact details, and Aviva's sales representatives are undoubtedly going to try to sell you something else. So you have to endure a sales lecture. If you're not interested (and probably you won't be), that's easy: use the simple word "No" and hang up.

2. While a little extra coverage is welcome (why not?), in no way is this freebie coverage a substitute for what most people should carry in terms of genuine insurance necessities, including especially Disability Income Insurance.

As with ElderShield, CareShield Life, and Total and Permanent Disability (TPD) insurance, you have to be severely disabled in order to qualify for a payout. Not merely unable to work (and lose your income, even for life), but REALLY disabled.

Anyway, I think it's reasonable to claim this tiny bit of free insurance for the price of a sales phone call, uttering the two letter word "No," and hanging up. It's basically a free lottery ticket with a maximum $36,000 payout. (It's insurance, but it's not solving a genuine insurance need you have and should solve.)

This is a pretty common marketing technique in the insurance industry. As another example, Great Eastern has a "Great Bundle of Joy" promotion that offers expectant and new mothers a diaper bag and 6 months of (very little) Personal Accident insurance. Get a free gift (including a little bit of free insurance that, even if it pays, won't amount to much), and the insurance company's salespeople come calling. This is not a problem if you know how to say "No" and hit the red button on your phone.

Yes no catch. Totally free. Sign up personally too.

Yeah thanks for the detailed review BBCWatcher. Just signed up too. I absolutely don't mind hanging phones and block them

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