If you have served National Service, you have almost certainly heard of the MINDEF & MHA group insurance. Most of us signed up during BMT, paid a few dollars from our allowance, and never gave it another thought.
It is still one of the most affordable ways to hold a large amount of life cover in Singapore. But affordable does not always mean enough, and a fair bit has changed since you first signed that form.
Below is what the scheme covers in 2026, what it actually costs at each age, and whether it should be your only life insurance.
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