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“It will cost at least S$340,000 to raise one child in Singapore from infancy to 21 years of age.”

 

SOURCE: CHANNEL NEWSASIA, FEB 2016

Putting You FIRST At Every Stage Of Your Life

Now that you’ve started a family of your own, let’s make some plans for the future. When there's more than just the two of you, financial planning becomes a lot more challenging.

Product Solutions

Terms & Conditions

1Terms and conditions apply. Please refer to the respective product pages for details.

Importants Notes & Disclaimer

This information is intended for general circulation and does not take into account the specific investment objectives, financial situation or needs of any particular person. Advice should be sought from a financial adviser regarding the suitability of the investment product, taking into account the specific investment objectives, financial situation or particular needs of any person in receipt of the recommendation, before the person makes a commitment to purchase the investment product. Any mis-statement or non-disclosure of material facts may affect the validity of the policy. In the event that the person chooses not to seek advice from a financial adviser, he/she should consider whether the product in question is suitable for him/her.

 

This information is not a contract of insurance. The precise terms, conditions and exclusions of this plan are specified in the Policy Contract. Buying a life insurance policy is a long term commitment. An early termination of this policy usually involves high costs and the surrender value payable may be less than the total premium paid.

 

This policy is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please visit the GLA/LLA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg). 

 

This advertisement has not been reviewed by the Monetary Authority of Singapore.

 

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

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This link is provided for your convenience only and shall not be considered or construed as an endorsement or verification of such linked website or its contents by CIMB Bank.

 

CIMB Bank makes no warranties as to the status of this link or information contained in the website you are about to access.

 

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EFD Promotion

We’re giving you the best* online SGD FD rate in SG to grow your money! From now till 30 June 2021, get up to 0.75%% p.a. on your 24 Month placement. Apply online now in >10 mins!

 

*Best rate is as of 1 June 2021. T&Cs apply. SGD deposits are insured up to S$75k by SDIC.