[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-565841-105":53,"doc-detail-565841-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","protection-gap-study-2017-mortality-and-critical-illness-protection-gap-analysis-for-singapore","Protection Gap Study 2017 - Mortality and Critical Illness Protection Gap Analysis for Singapore","","2017 Protection Gap Study for Singapore evaluates mortality and critical illness protection gaps as of 31 December 2016 for economically active Singaporeans and permanent residents aged 20–69. It quantifies mortality protection needs versus life insurance coverage, separating protection gaps met through CPF savings and other savings, and introduces a newly calculated five-year critical illness recovery framework. The study also summarizes key reliance limitations, compares context with earlier work, and provides supporting appendices with statistics, assumptions, and household and labor data.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/protection-gap-study-2017-mortality-and-critical-illness-protection-gap-analysis-for-singapore/565841/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/protection-gap-study-2017-mortality-and-critical-illness-protection-gap-analysis-for-singapore/565841.png","ImageObject",442,249,{"name":88,"@type":89},"Dusta123","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-27","2026-10-13",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",7,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What protection gaps are analyzed in the 2017 study for Singapore?","Question",{"text":109,"@type":110},"The study analyzes the mortality protection gap and introduces the critical illness (CI) protection gap under a five-year CI recovery period framework.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"As of what date are the mortality and critical illness gaps assessed?",{"text":114,"@type":110},"Both gaps are assessed as of 31 December 2016.",{"name":116,"@type":107,"acceptedAnswer":117},"How do insurance and savings affect the mortality protection gap calculation?",{"text":118,"@type":110},"Mortality needs are reduced by life insurance coverage, and the remaining gap is met using CPF savings and other savings, with the report also discussing how the annual salary factor varies by household profile and income level.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},565841,1792094070,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":142},962093541925,"https://ap-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","2017 Protection Gap Study – Singapore  \nPrepared by Ernst & Young Advisory Pte Ltd Published on: 26 April 2018  \nTable of contents  \n1. Executive Summary ....................................................................................................... 2  \n2. Introduction .................................................................................................................. 4  \n3. Definition of the protection gap....................................................................................... 5  \n4. Mortality Protection Gap ................................................................................................ 8  \n5. Critical Illness Protection gap........................................................................................ 18  \n6. Insurance Data Analysis ............................................................................................... 25  \n7. Reliance and Limitations............................................................................................... 26  \nAppendix A Summary statistics on individual insurance ......................................................... 28  \nAppendix B LIA Industry Statistics Summary........................................................................ 54  \nAppendix C Graphical Representation of the Protection Gap .................................................. 55  \nAppendix D Assumptions and Data Sources.......................................................................... 67  \nAppendix E Ministry of Manpower Labour Force Data ............................................................ 70  \nAppendix F General Household Survey 2015 Data ................................................................ 74  \nAppendix G Household Expenditure Survey 12/13 Data ........................................................ 79  \nAppendix H National Survey of Senior Citizens 2012 Data ..................................................... 84  \nAppendix I CPF Savings..................................................................................................... 85  \nAppendix J Glossary.......................................................................................................... 86  \n1. Executive Summary  \n*The 2012 Mortality Protection Gap has been restated to allow for other savings (cash and deposits) as part of the resources available which is a component newly added in the 2017 Protection Gap Study. Excluding other savings, the total Mortality Protection Gap in the 2012 Protection Gap Study was S$462 bn.  \nS$1,547 bn  \nMortality Protection  \nNeeds  \nS$716 bn  \nLife Insurance  \nCoverage  \nS$355 bn  \nMortality Protection Gap  \n2.1x  \nAnnual salary needed to meet the  \nprotection gap  \nMortality Protection Gap  \n1.1 As of 31st December 2016, the Mortality Protection Needs of Economically Active Singaporeans and Permanent Residents is S$1,547 bn which translated to an overall Protection Need of 9.0x average income. However, it is to be noted that the factor of annual salary to Protection Need varies significantly between the different household profiles and income levels.  \n1.2 The mortality Protection Gap of working adults is S$355 bn or 2.1x annual income after allowing for insurance and savings. Insurance has played a key role with overall mortality insurance coverage per economically active person of 4.2x annual salary. A further 1.2x annual income to meet the mortality Protection Need was met by existing CPF Savings and another 1.6x annual income by other savings.  \n1.3 Compared to the previous LIA study conducted at 31st December 2011, there has been an increase in the absolute amount of Protection Needs and Gap. However, the Protection Gap, as a ratio of Average Income has stayed constant, reflecting corresponding increases in wages, savings and insurance coverage. It is important for individuals to continue to review and update their financial planning to reflect changes in insurance needs.  \nS$663 bn  \nCI Protect","cbCaib7HTyyT9pd3","https://ap.wps.com/l/cbCaib7HTyyT9pd3","pdf",771273,88,"English","# Executive Summary\n# Introduction\n# Definition of the protection gap\n# Mortality Protection Gap\n# Critical Illness Protection Gap\n# Insurance Data Analysis\n# Reliance and Limitations\n# Appendix A Summary statistics on individual insurance\n# Appendix B LIA Industry Statistics Summary\n# Appendix C Graphical Representation of the Protection Gap\n# Appendix D Assumptions and Data Sources\n# Appendix E Ministry of Manpower Labour Force Data\n# Appendix F General Household Survey 2015 Data\n# Appendix G Household Expenditure Survey 12/13 Data\n# Appendix H National Survey of Senior Citizens 2012 Data\n# Appendix I CPF Savings\n# Appendix J Glossary","[{\"question\":\"What protection gaps are analyzed in the 2017 study for Singapore?\",\"answer\":\"The study analyzes the mortality protection gap and introduces the critical illness (CI) protection gap under a five-year CI recovery period framework.\"},{\"question\":\"As of what date are the mortality and critical illness gaps assessed?\",\"answer\":\"Both gaps are assessed as of 31 December 2016.\"},{\"question\":\"How do insurance and savings affect the mortality protection gap calculation?\",\"answer\":\"Mortality needs are reduced by life insurance coverage, and the remaining gap is met using CPF savings and other savings, with the report also discussing how the annual salary factor varies by household profile and income level.\"}]","Protection Gap Study 2017 - Mortality and Critical Illness Protection Gap Analysis for Singapore | PDF",1791859334,31]