Protection Plan

Protection Plan

Lifetime insurance coverage that can be converted into regular income when you retire.

What it covers

Death and total and permanent disability

We pay the sum assured and bonuses [1] in the event of death or total and permanent disability (TPD before age 70).

Features

You can choose to convert your policy into an annuity plan[2] from your 60th birthday onwards for an extra 5% of its cash value.

Enjoy lifetime protection with any of the payment options.
 

Premium payment option Payment period
Limited premium 20 years
Up to age 64 (last birthday)
Whole life Up to age 84 (last birthday)

This policy will share in the profits and losses of the Life Participating Fund. [1]

Enjoy a wide range of exclusive treats which are specially curated for you.

Find out more.

Enhance your coverage

Payor Premium Waiver

We waive future premium payments of the basic plan in the event of death or total and permanent disability (TPD before age 70) of the policyholder during the term of the rider. This rider is applicable only if the insured is not the policyholder.

Enhanced Payor Premium Waiver

We waive future premium payments of the basic plan in the event of death, total and permanent disability (TPD before age 70), or diagnosis of dread disease [3] (except for angioplasty and other invasive treatment for coronary artery) of the policyholder during the term of the rider. This rider is applicable only if the insured is not the policyholder.

Dread Disease Premium Waiver

We waive future premium payments of the basic plan, if the policyholder is diagnosed with dread disease [3] (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.

Living Rider for Protection

We pay the sum assured of this rider in the event of death, total and permanent disability (TPD before age 70), or diagnosis of dread disease [4].

Early Cancer Waiver
We waive future premium payments in the event of the diagnosis of early-stage cancer [5] during the term of the rider.

Before you apply

Policy type Payment period Minimum entry age (last birthday) Maximum entry age (last birthday)
Limited 20 years 0 60
Up to age 64 0 55
Whole life Up to age 84 0 64
You can make your payments monthly, quarterly, half-yearly, or yearly.
Important Notes

Footnotes

 
  1. Bonus rates are not guaranteed and the benefits payable will vary according to the future performance of the Life Participating Fund.
  2. Converting Protection Plan to an annuity plan with immediate payout is subject to terms and conditions, and the type of annuity plans and rates available at the time of conversion. The extra 5% will be given on the amount that is converted into the annuity plan.
  3. 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 and coronary artery by-pass surgery.
  4. 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.
  5. A waiting period of 90 days will apply from the date we issue the rider, include or increase any benefit, or reinstate the rider (whichever is latest).
    If you have purchased this plan for your loved ones (3rd party policy) and would like to include Early Cancer Waiver rider, you will have to include an Enhanced Payor Premium Waiver rider or Dread Disease Premium Waiver rider too.
    Enhanced Payor Premium Waiver rider waives the future premiums for the policy of your loved ones (3rd party policy) upon your death, total and permanent disability (before age 65) or diagnosis of dread diseases (except for angioplasty and other invasive treatment for coronary artery).
    Dread Disease Premium Waiver rider waives the future premiums for the policy of your loved ones (3rd party policy) upon your diagnosis of dread diseases (except for angioplasty and other invasive treatment for coronary artery).

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 policy conditions for Protection and policy conditions for Limited Pay Protection. 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. Buying a life insurance plan is a long-term commitment on your part. If you cancel your plan prematurely, the cash value you receive can be substantially less than the premiums you have paid for the plan.
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 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:
6788 1122

Speak to your Income adviser, or use our online matching tool to find an adviser who’s right for you.

Find an adviser now

Can we help?


Get in touch with us for product information and existing
policy support.

Submit a claim


We are committed to a quick and fair claim response.
Learn more about the claim process

Call us
Dedicated claim hotlines

Find us
Claim servicing branches