NS Slave worth $100,000 each

[fanta]

MINDEF employees, SAF active servicemen insured for $100,000

Channel NewsAsia - Saturday, January 3

SINGAPORE: With effect from Thursday, all MINDEF employees and Singapore Armed Forces (SAF) active servicemen will be automatically insured for S$100,000.

This initiative, which rides on the existing SAF Group Term Life (GTL) insurance scheme, is aimed at encouraging the employees to have a minimum level of insurance protection for themselves.

For a monthly premium of S$12.80, all eligible MINDEF employees, regular servicemen who are aged 45 and below, and full—time National Servicemen (NSFs), who do not opt out of the scheme, will be insured for a sum of S$100,000.

The insurance coverage will provide protection against personal accidents in daily life.

MINDEF says it will increase the monthly allowance of NSFs by S$20 to help them pay for the monthly premium. The increase in NSF allowance also takes effect from January 1.
— CNA/yt

 

[bigbossman]

Sure or not, $100K enough.... Not even enough to pay off pigeon hole :p

 

[DerekLeung]

Singaporean men so cheap meh ? An insult to us Singaporeans !

 

[Satan]

Sure or not, $100K enough.... Not even enough to pay off pigeon hole :p

Very true. $100k is peanuts these days. You can;t do beans with it.

 

[metalslug]

S$12.80 per month for $100,000?!?

Singaporean men so cheap meh ? An insult to us Singaporeans !

 

[Leongsam]

MINDEF employees, SAF active servicemen insured for $100,000

66% of those freakin' NS men are not worth a cent!

 

[ah_phah]

$100'000 not even enough to:

• pay for the bloody overpriced HDB
• pay for children education till they graduate
• pay livelihood for family & aged parents for 5yrs