bs-preloader__icon
ru kz en

A petition to abolish gender differences in insurance is launched in Singapore

The online petition requires equal premiums for the long-term CareShield Life program for men and women, ukrstrahovanie.com.ua reports.
A petition to abolish gender differences in insurance is launched in Singapore

The initiative to formulate the petition belongs to a group of activists who intend to achieve the cancellation of the decision that establishes gender difference in the calculation of insurance premiums for the CareShield Life program.

As the edition of The Straits Times informs, the forthcoming long-term insurance scheme will become mandatory for Singaporeans under the age of 40, starting from 2020.

According to the senior state health minister Ami Khor, the difference in premiums is due to the fact that women have a longer life expectancy than men and, therefore, need help for a longer period of time. The initiators of the petition call outrageous the fact that "women are punished for living longer".

According to the proposed rates by CareShield Life, a 30-year-old man will pay SG 206 Singapore dollars in premiums compared to SG $253 for a woman of the same age.

Earlier, it was reported about disagreements on differences in calculation of insurance premiums between parliamentarians and officials.  

Source: https://www.ukrstrahovanie.com.ua/news/v-singapure-zapushhena-petitsieya-ob-otmene-gendernyih-razlichiy-v-strahovanii

Photos per websites: uehali.com, voyagers1000.wordpress.com

Share
read also
How does life insurance work?
How does life insurance work?

According to a survey presented by Unum, about 40% of US adults do not have a life in...

Artificial Intelligence-based investment insurance product enters the Russian market
Artificial Intelligence-based investment insurance product enters the Russian market

A new coupon product of investment life insurance “Smart Investments” built on th...

Which Kazakhstani banks are experiencing the greatest difficulties?
Which Kazakhstani banks are experiencing the greatest difficulties?

There are several credit organizations in the country's banking sector that demonstra...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application