SM Goh calls on insurance industry to keep insurance protection affordable

SINGAPORE : Speaking at NTUC Income's 40th anniversary dinner on Friday, Mr Goh said studies have suggested that Singaporeans are under-insured.

Senior Minister Goh Chok Tong has asked the insurance industry to make a more concerted effort to keep insurance protection affordable.

He said the insurance industry needs to place more emphasis on protection plans like term assurance which is a more cost-effective way of addressing the protection needs of Singaporeans. LINK