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
Halyk Bank of Kazakhstan: the transfer of Kazkommerts-Life to Halyk-Life has been completed
Halyk Bank of Kazakhstan: the transfer of Kazkommerts-Life to Halyk-Life has been completed

Halyk Bank of Kazakhstan JSC reports that as of November 1, 2018, Halyk-Life JSC, a s...

What affects the pension size?
What affects the pension size?

The editors of the Nurfin project called the factors that affect the pension size. Th...

Russians have found a way to save their money
Russians have found a way to save their money

Coronavirus has already seriously changed the everyday routine of people around the w...

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