Corporatised Entities Group Insurance Scheme (CEGIS)

While you are busy with your career, you may want to sit back and think about the bigger scheme of things - your life, your family, and your future together.

Corporatised Entities Group Insurance Scheme (CEGIS) is a low-cost insurance plan designed specially with you - the employees of corporatised organisations, and your family in mind. With the affordable premium rates, you can easily be covered under this exclusive insurance plan wherever you go, even when you or your family are working or travelling out of Singapore.

Give your family extensive coverage

CEGIS provides coverage to help your loved ones should anything unfortunate happen to you. The plan provides 24-hour worldwide coverage and the following:

• Full sum assured will be payable in the event of death
  
  
• An additional 25% of the full sum assured will be payable in the event of accidental death
  
  
• Full sum assured will be payable in the event of Total and Permanent Disability (TPD before age 65 years) plus an additional 1% of the sum assured payable monthly for 24 months or till age 65, whichever is earlier.
  
  
• Benefit payouts for Permanent and Partial Disability (PPD) due to accident (varying percentages of sum assured).  Please refer to the Table of Compensation on NTUC Income website.
  
  
• Additional 30 Critical Illnesses coverage (optional rider)

Affordable premium

You can be insured for $50,000 sum assured at only $0.37 a day¹.  With this, you and your family can be protected² with extensive coverage against Death, TPD, PPD and 30 major Critical Illnesses.

Monthly Premium for every $10,000 Sum Assured (Per Person)

• Basic Coverage  (Death, TPD and PPD Cover)
  

  	Monthly Premium (Age Next Birthday)
  Sum Assured	2 - 18yrs	19-45yrs	46-50yrs	51-55yrs	56-60yrs	61-65yrs
  $10,000	$0.70	$0.80	$1.20	$2.10	$3.00	$3.80

• 30 Critical Illness Rider

  	Monthly Premium (Age Next Birthday)
  Sum Assured	2 - 18yrs	19-45yrs	46-50yrs	51-55yrs	56-60yrs	61-65yrs
  $10,000	$0.70	$1.40	$3.60	$5.90	$8.10	$13.20

  Premium rates are non-guaranteed and may be reviewed from time to time.

Monthly Premium for a CEGIS Plan with Critical Illness Rider with selected sum assured*

* Sum Assured for Basic coverage and Critical Illness Rider are the same. Coverage for death, TPD and PPD continues even after a critical illness claim payout.

For insured employee & spouse, the maximum sum assured is $300,000 for CEGIS plan and $200,000 for Critical Illness Rider.  The monthly premium will be as follows:

Premium rates are non-guaranteed and may be reviewed from time to time.

For dependant child (ren) above 12 months and up to 18 years old, the monthly premium is $14.00 for maximum sum assured of $100,000 for CEGIS plan and $100,000 for Critical Illness Rider per child.

The maximum entry age for insured employee and spouse is 60 years old for CEGIS plan and 55 years old for Critical Illness rider. The maximum entry age for child is 18 years old; coverage will cease upon child attaining age of 25 years (excluding NS related risks).

Exclusions

There are certain conditions whereby the benefits under this plan will not be payable. These are stated as exclusions in the contract. You may refer to the Master Policy Contract for the full list of exclusions.

Get Insured

To apply, simply obtain the CEGIS Application Form from your Human Resource (HR) Department. You need to complete and submit the form back to your HR Department. Monthly premiums will be deducted through your salary upon approval.

IMPORTANT NOTES

¹ Applicable only to insured age 19 to 45 with sum assured of $50,000 under CEGIS plan with Critical Illness Rider.

² You need to be insured under the plan before your family can sign up for CEGIS. The sum assured for your dependant(s) should not exceed your sum assured under the same plan unless your sum assured is reduced by us due to underwriting reasons.  Sum assured for 30 Critical Illness Rider should not exceed CEGIS Basic coverage.  If you are no longer employed by your organisation, any cover for you and your family will automatically cease.

This website is for general information only and is not a contract of insurance. The precise terms, conditions and exclusions of this plan are specified in the Master Policy Contract issued to your organisation. Please visit www.income.com.sg for more information.

You should seek advice from a qualified adviser if in doubt.  If you choose not to, you will have to take sole responsibility to ensure that this product is appropriate to your financial needs and insurance objectives.  This policy does not have any cash value.

The cover for CEGIS will automatically cease upon the termination of Master Policy by either your organisation or NTUC Income.

This plan is underwritten by NTUC Income.

Information is correct as of 1 July 2010