As part of their postgraduate requirements and final year MSc. Project, MAVI Care Services worked closely with four National University of Singapore (NUS) students on the topic of “Go-to-market Strategy for the Introduction of Income Insurance Tailored Specifically for the Younger Generation”.
The Singapore insurance sector is predicted to expand by 5.6% in 2024, primarily driven by an increase in demand for health insurance following the pandemic. What are the changes and challenges facing this sector that the majority of us are dependent on in our lifetime?
Disability income protection insurance may not be on the list of priorities for the millennials and Gen Zs. Just entering the workforce and budget-conscious, young adults are more concerned about growing their wealth than being insured in every aspect of their lives. According to a recent survey, six out of ten Singapore youths prioritise building up their savings. This was followed by prioritising building their wealth (49%) and investing (41%)1.
If you’re a Singaporean or Permanent resident, and born in 1980 or later, you will be automatically enrolled under the CareShield Life insurance plan.
