70% MORE WOMEN TAKE A CAREER BREAK BECAUSE OF FAMILY.
We live in one of the world’s best nations for gender equality. Yet, children and elderly are still seen as a woman’s responsibility here.
In a survey by the Ministry of Manpower, 78 percent of prime-age Singaporean working women who were out of the labour force cited ‘family responsibilities’ as their main reason for not working, compared to 9.6 percent of men.
While taking time out for family is important, women should also take time to plan ahead for themselves as these careers breaks can often prove quite costly.
Source: Ministry of Manpower - Labour Force in Singapore 2016
How Can You #PlanLikeAWoman For Your Career Breaks?
GREAT Wealth Multiplier helps you multiply your savings and enjoy a potential growth of 10X or more of your total annual premiums paid to potentially mitigate the cost of your break. What’s more, it even offers you protection for life, with no medical underwriting required.
These plans are 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 us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg
This advertisement has not been reviewed by the Monetary Authority of Singapore.
The above is for general information only. It is not a contract of insurance. The precise terms and conditions of these insurance plans are specified in the policy contract.
As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. It is usually detrimental to replace an accident and health plan with a new one. A penalty may be imposed for early plan termination and the new plan may cost more, or have less benefits at the same cost.