Term coverage for death, terminal illness and total and permanent disability (TPD before age 65). Available only at Income branches and online.

What it covers

Death, terminal illness and total and permanent disability before age 65

We pay the sum assured in the event of death, terminal illness or total and permanent disability (TPD before age 65).

Enhance your coverage

DIRECT - Dread Disease Rider for Term

We pay the sum assured of this rider if the insured is diagnosed with dread disease [1].


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Before you apply

Coverage period Minimum entry age (last birthday) Maximum entry age (last birthday)
5 years[2] 18 64
20 years 18 64
Up to age 64 (last birthday) 18 59

[2]Policy can be renewed up to a maximum coverage age of 84 (age last birthday).

You can make your payments monthly, quarterly, half-yearly, or yearly.

This is a Direct Purchase Insurance product, with no financial advice provided. To purchase this plan, you can apply online or visit any Income branch. The product is not available for sale through all other distribution channels of Income.  

The minimum and maximum sum assured are $50,000 and $400,000 [3] respectively.

Important Notes


  1. A waiting period of 90 days will apply from the date of rider issue, inclusion or increase of any benefit, or rider reinstatement (whichever is latest) for major cancers, heart attack, coronary artery by-pass surgery, or angioplasty and other invasive treatment for coronary artery.
    For angioplasty and other invasive treatment for coronary artery, we will pay 10% of what we would have paid for the other dread diseases, subject to a maximum amount of $25,000. The benefit for angioplasty and other invasive treatment for coronary artery will end once we make this payment. The rider will continue with a reduced sum assured.
  2. Guaranteed renewal is applicable only if there is no claim on your policy during the contract term and the insured is age 79 (last birthday) and below. We will renew your policy for the same contract term of 5 years. The renewal premium will be determined by Income.
  3. The maximum sum assured per insured for all DIRECT products (DIRECT – Term (renewable), DIRECT – Term (non-renewable) and DIRECT – Whole Life), regardless of the number of policies purchased with Income, is $400,000; with a sub-limit of $200,000 sum assured for DIRECT – Whole Life.



There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.

Important notes


This page is for general information only. You can find the usual terms and conditions of in the policy conditions for DIRECT Term Life (renewable) and DIRECT Term Life (non-renewable). All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance adviser. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. This plan does not have any cash value.
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 shceme as well as the limits of coverage, where applicable, please contact Income or visit the websites of the General Insurance Association of Singapore (, the Life Insurance Association, Singapore ( or Singapore Deposit Insurance Corporation ( 

Information is correct as of 21 July 2017

Frequently asked questions

How to apply

For enquiries about life insurance, please call our hotline:
6788 1122

We accept payment by credit card (MasterCard and Visa) or eNETS.

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