CIMB advertises the lowest debt consolidation plan interest rates in Singapore, with effective interest rates as low as 7%. This is a great rate for some borrowers that are actually able to secure it; however it is difficult to assess the total cost of CIMB's debt consolidation loan compared to a loan from another bank.Additionally, because POSB, DBS and Maybank are offering cashback promotions and HSBC is offering S$100 cashback and waived processing fees, CIMB's lack of promotions and 1% processing fee make it a less appealing source for debt consolidation loans. It also offers loans with shorter durations of up to 8 years than many other DCP lenders in Singapore.
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If I am correct, I think you are trying to ask that if start claiming from the insurance company, will they have the money to pay you when you die. First and foremost, it's a contract. Insurers pay billions in claims yearly. Secondly, the premium you pay insurance is invested so they'll be able to earn and pay you back when you die. Number three, all risk is already factored in. Some people will die earlier, others later, while some will cancel, and majority won’t even claim. All this is already priced in and you're paying fair value plus some mark-up for the risk you're passing on to the insurance company. Number four, there is regulation to make sure Insurers have enough money to pay claims. Lastly, insurance companies are reinsured by bigger insurance companies. So don't worry, keep paying your premiums, and you'll be able to claim.