HomeTeamNS Insurance Scheme and HomeTeamNS Living Policy

HomeTeamNS Insurance Scheme and HomeTeamNS Living Policy

Affordable insurance for HomeTeamNS members that provides coverage for death, permanent disablement and more.

What it covers

Death

We pay the sum assured in the event of death.

Death due to an accident (for HomeTeamNS Insurance Scheme only)

In the event of death due to an accident, we pay an additional 25% of the sum assured.

Permanent and total disablement due to illness and accident

We pay the sum assured in the event of permanent and total disablement due to illness and accident. In addition, for HomeTeamNS Insurance Scheme only, we pay a further monthly payout of 1% of the sum assured for the next 24 months or until the insured reaches the age of 65, whichever is earlier.

Permanent and partial disablement due to an accident [1] (for HomeTeamNS Insurance Scheme only)

We pay a percentage of the sum assured described in the table of compensation.

30 critical illnesses (for HomeTeamNS Living Policy only)

We pay the sum assured upon diagnosis of a critical illness [2] including major cancers, heart attack of specified severity and stroke. For angioplasty and other invasive treatment for coronary artery, payment is limited to 10% of the sum assured, subject to a maximum of $25,000.

Daily hospital benefit [3] (for HomeTeamNS Living Policy only)

We pay a daily cash payment of $10 for every $10,000 of the sum assured, subject to a maximum of $150 per day, for up to 365 days for each period of hospital stay in Singapore.

Before you apply

You must be a HomeTeamNS member to apply for cover under this plan. You may apply the plan for your husband or wife and children [4] if they are also a Singaporean, Singapore Permanent Resident or foreigner who is working or residing in Singapore.

HomeTeamNS Insurance Scheme

  Minimum entry age Maximum entry age Maximum age of coverage
HomeTeamNS member and
husband or wife
16 years old 64 years old 65 years old
Child (male) 5 years old 15 years old 21 years old or NS enlistment date, whichever is earlier
Child (female) 5 years old 15 years old 65 years old

You can choose your sum assured in multiples of $10,000, up to $300,000 each for you and your husband or wife, and up to $150,000 for your child.

The yearly premium will be deducted via your GIRO account with us. The premiums that you pay are based on the sum assured and insured’s age next birthday. Premium rates will change when the insured enters a higher age band. Premium rates are not guaranteed and may be reviewed from time to time.

Age next birthday (years) 45 and below 46 to 55 56 to 65
For every $10,000 sum assured (per person) $12.70 $20.80 $40.40

HomeTeamNS Living Policy

  Minimum entry age Maximum entry age Maximum age of coverage
HomeTeamNS member and
husband or wife
16 years old 59 years old 60 years old
Child (male) 5 years old 15 years old 21 years old or NS enlistment date, whichever is earlier
Child (female) 5 years old 15 years old 60 years old

The sum assured is in multiples of $10,000, up to $150,000 each for you and your husband or wife, and up to $50,000 for your child.

The yearly premium will be deducted via your GIRO account with us. The premiums that you pay are based on the sum assured and insured’s age next birthday. Premium rates will change when the insured enters a higher age band. Premium rates are not guaranteed and may be reviewed from time to time.

Age next birthday (years) 45 and below 46 to 55 56 to 60
For every $10,000 sum assured (per person) $28.90 $41.60 $80.80
Important Notes

Footnotes

 
  1. Permanent and partial disablement must happen within 90 days from the date of the accident.
  2. A survival period of 30 days from the date the insured is diagnosed with the critical illness will apply. For major cancer, coronary artery bypass surgery, heart attack of specified severity and angioplasty and other invasive treatment for coronary artery, a waiting period of 90 days from the start date of the insured’s cover will apply.
  3. A waiting period of 30 days from the start date of the insured’s cover will apply.
  4. Your husband or wife and children will be eligible for the application of coverage only if you, as the insured and member of HomeTeamNS, are covered under the same plan. The cover for your husband or wife and children shall end automatically when your cover ends. The sum assured for your husband or wife and children should not exceed your sum assured unless your sum assured has been reduced by NTUC Income due to underwriting reasons. The cover for your husband or wife will also end if you are separated or divorced from your husband or wife.

Exclusions

 

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 this plan in the master policy contract issued to HomeTeamNS. The cover for this plan will automatically end upon the termination of the master policy by either NTUC Income or HomeTeamNS. 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 plan is underwritten by NTUC Income.
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 scheme as well as the limits of coverage, where applicable, please contact NTUC Income or visit the websites of the General Insurance Association of Singapore (www.gia.org.sg), the Life Insurance Association, Singapore (www.lia.org.sg) or Singapore Deposit Insurance Corporation (www.sdic.org.sg).
 

Information is correct as of 21 July 2017

Frequently asked questions

How to apply

For enquiries about life insurance, please call our hotline:
6332 1133

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