WOMEN ARE GOOD AT MULTI-TASKING. YET, MANY FIND IT HARD TO BALANCE WORK AND THEIR FAMILY’S NEEDS.

Singapore is now one of the fastest ageing populations in Asia. According to a study by the Duke-NUS Medical School, the number of Singaporeans above 65 is expected to increase to 610,000 by 2020, even as the number of family caregivers shrinks.

It’s no surprise that this has given rise to a ‘sandwich generation’, a group which has to bear the financial stress of balancing rising medical costs, housing loans, childcare costs and tuition fees, as they care for both children and ageing parents in their three-generation family.

Among this generation, this responsibility of caring often falls on the shoulders of women and may affect their careers in the long run. That’s why it’s important for women to plan ahead for their financial security.

Source: AWARE - Caring for an ageing population

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Disclaimer

This plan is 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 or www.sdic.org.sg).

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The above is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan is specified in the policy contract.

As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely. 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.