Senior Plan

Senior Plan

An affordable life insurance plan for the elderly.

What it covers

We pay in the event of death or total and permanent disability (TPD before the age of 70). The amount we pay depends on when the event occurs.

During the 1st policy year 20% of sum assured
During the 2nd policy year 40% of sum assured
During the 3rd policy year
60% of sum assured
100% of bonuses[1]
During the 4th policy year
80% of sum assured
100% of bonuses[1]
During and after the 5th policy year
100% of sum assured
100% of bonuses[1]

However, if you have paid more premiums than the sum assured you can receive, your full premiums will be refunded to you instead.


Your policy will be given guaranteed acceptance as long as you have not been hospitalised in the past 12 months from the date of application.

You can enjoy a hassle-free application with no need for any medical examination.

Pay premiums for 10 years and your insurance coverage is guaranteed for a lifetime.

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.

Before you apply

The entry age is from 49 to 69 years old.

You only need to pay premiums for 10 years. You can make your payments monthly, quarterly, half-yearly, or yearly.

Important Notes


  1. Bonus rates are not guaranteed and the benefits payable will vary according to the future performance of the Life Participating Fund.



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. 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 (, 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

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

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