RevoSecure is a participating, regular premium endowment1 plan.
1 An endowment policy has a fixed maturity date that combines insurance protection with a savings element. A participating policy is entitled to share in the profits of the participating fund. These profits are distributed via bonus declarations and are payable upon maturity, surrender or when there is a claim.
If the insured dies or becomes totally and permanently disabled (TPD before age 70), the higher of 105% of all net premiums paid (excluding premiums paid on riders) and 100% of the accumulated bonuses (if any), or surrender value will be payable. The policy terminates thereafter.
In addition to the death benefit or TPD benefit, if the insured dies or becomes totally and permanently disabled before the age of 70 due to an accident (within 365 days of the accident), 100% of the sum assured will be payable in addition to the death benefit or TPD benefit respectively. If death or TPD occurs due to the insured’s involvement in any restricted activity at the time of the accident, 60% of the sum assured will be payable instead.
If the insured survives at the end of the policy term and the policy has not already ended, we will pay a maturity benefit instead.
Yes, there is guaranteed acceptance for this plan regardless of the insured’s health condition. Financial Questionnaire is required for annualised premium of above $60,000.
Accidental Death and Accidental TPD Benefit
Upon death of the insured, we will pay the higher of 105% of all net premiums paid(excluding premiums paid on riders) and 100% of the accumulated bonuses(if any) or surrender value will be payable in one lump sum.
This benefit will be paid less any loan and debt. The policy terminates once we pay this benefit.
We will not pay the Death Benefit if the insured commits suicide within the first year of policy commencement. The policy will cease with immediate effect and we will refund the total premium received without interest.
Total and permanent disability benefit
We will not pay this benefit if your claim arises from:
We will also not pay this benefit unless the insured is certified by a registered medical practitioner to have been totally and permanently disabled for at least six months in a row.
Riders / Supplementary Benefits
It can be removed after the policy is in force. However it cannot be added to basic plan at mid-term.
Cash value, bonuses & maturity benefit
Yes, the policy will have a cash value when premiums have been paid for at least two year. If the premium term for your policy is five years, the policy will have a cash value when premiums have been paid for at least one year.
Yes, this policy is eligible for bonuses after the end of the second policy year. There are two types of bonuses:
The maturity benefit is a lump sum payment made when this policy matures at the end of the policy term. It consists of the sum assured and accumulated bonuses (if any), less any loan and debt.
The amount of guaranteed and non-guaranteed maturity value is shown in the benefit illustration.
Yes, when you have been paying premiums for this policy for at least two years, you may cash in this policy for its cash value and it will end.
However, if the premium term for your policy is five years, you may cash in this policy for its cash value after you have paid premiums for at least one year. The policy will end after you cash in.
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value may be less than the total premiums paid.
Eligibility & premium payments
|Insured||0||80 less Policy Term|
|Premium Payment Term (Years)||Policy Term (Years)|
|5||10 - 25|
|10||15 - 25|
|15||20 - 25|
The premium payment terms available are 5, 10 or 15 years.
The minimum sum assured is set at $20,000 and the maximum sum assured will be based on financial underwriting.
The premiums can be paid monthly, quarterly, half-yearly or yearly.
No, the policy cannot be back dated.
Yes, you can take a policy loan subject to the prevailing terms and conditions.