VivoLife

VivoLife

Lifetime insurance coverage that provides financial support upon death, total and permanent disability or diagnosis of dread disease.

What it covers

Death, dread diseases [1], and total and permanent disability before age 70

We pay the higher of sum assured plus bonuses [2], or the minimum protection value [3] that you have chosen, in the event of death, diagnosis of dread disease [1] or total and permanent disability before age 70.

Death and dread diseases [1] on and after age 70

We pay the sum assured plus bonuses [2] in the event of death or diagnosis of dread disease [1].

Accidental death [4] before age 70

We pay up to 200% of sum assured, on top of the death benefit, in the case of death by an accident. If the accident happened during a restricted activity, we pay 60% of the sum assured, on top of the death benefit.

Full coverage information

Features

You can choose from three different plan types – VivoLife 125, VivoLife 180 and VivoLife 350, to enjoy your desired level of protection [3].

You can choose your desired premium payment term of 5, 10, 15, 20 or 25 years or up to age 64 or 84 (last birthday).

If you are retrenched and are not able to find employment for three continuous months, you can choose not to pay the premiums for up to six months. This benefit will not affect your coverage and can only be used once, after you have paid premiums for at least six months. [5]

You can choose to convert your policy into an annuity plan[6] from your 60th birthday onwards for an extra 5% of its cash value.

This policy will share in the profits and losses of the Life Participating Fund. [2]

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

Find out more.

Enhance your coverage

Early Protect Accelerator
We boost your total coverage to 121 medical conditions and cover up to $350,000[7] for early and intermediate stage dread diseases. Before the age of 70, enjoy 3 levels of protection from the minimum protection value[3], which will be based on the basic policy selected.

The rider provides an Advanced Restoration Benefit[8], offering extra coverage for stroke, major cancers, and heart attack of specified severity after an early or intermediate stage dread disease claim is made.

The rider provides additional payouts under the special benefit[9][10] and juvenile benefit[10][11].

Early Protect Accelerator benefit
Early Cancer Waiver
We waive future premium payments in the event of the diagnosis of early-stage cancer [12] during the term of the rider.
Payor Premium Waiver
We waive future premium payments 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 [8] (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 [13] (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.

Before you apply

Premium payment term Minimum entry age (last birthday) Maximum entry age (last birthday)
5 0 64
10 0 64
15 0 64
20 0 64
25 0 59
Up to age 64 (last birthday) 0 54
Up to age 84 (last birthday) 0 64

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

Important Notes

Footnotes

  1. We will not pay this benefit if the insured was diagnosed with the disease within 90 days from the date we issue the policy, include or increase any benefit, or reinstate the policy (whichever is latest) for major cancers, heart attack of specified severity, coronary artery by-pass surgery, angioplasty and other invasive treatment for coronary artery or other serious coronary artery disease.
    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 basic policy will continue with a reduced sum assured.
  2. Bonus rates are not guaranteed and the benefits payable will vary according to the future performance of the Life Participating Fund.
  3. The minimum protection value is calculated as 125%, 180% and 350% of sum assured before age 70, based on the basic policy selected. For VivoLife basic policy, the minimum protection value is only applicable upon death, total and permanent disability (TPD) or diagnosis of dread disease of the insured.
  4. Accidental death benefit is payable only if insured’s death happens within 365 days of the accident. 200% of the sum assured in addition to the death benefit will be paid out for this benefit only if the insured is age 69 or under, and is not participating in a restricted activity at the time of the accident. If the insured is participating in a restricted activity at the time of the accident, this benefit will be reduced to 60% of the sum assured. Standard exclusions apply as well. Please refer to the policy contract for further details.
  5. VivoLife policy must be valid and in force for at least six months from the date we issue the policy, include or increase any benefit, or reinstate the policy (whichever is latest) with at least six months of premiums paid. Only premiums on the basic policy (excluding any supplementary riders attached) will be waived up to a maximum of six months of premiums. The retrenchment benefit can only be claimed once.
  6. Converting VivoLife 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.
  7. We will pay no more than $350,000 (not including bonuses) for each insured (no matter how many policies we have issued to cover each insured) for each early and intermediate stage dread disease.
  8. You can only make a claim under the Advanced Restoration Benefit if you have previously succeeded in claiming the early and intermediate stage dread disease benefit and if your basic policy has not ended. We will pay this benefit if the insured is diagnosed with any of the advanced stage dread diseases (stroke, major cancers, and heart attack of specified severity). Once we make payment under this benefit, the rider will end.
    We will not pay this benefit if the insured was diagnosed with the disease within 24 months after the date of diagnosis of any of the early or intermediate stage dread diseases. The insured must survive for at least seven days from the date of diagnosis, or after having the medical procedure, before we pay this benefit. Please refer to the policy contract for further details.
  9. We will pay no more than $30,000 for each insured (no matter how many policies we have issued to cover each insured) for each special benefit. At most, we will pay this benefit five times, as long as each claim is not for the same special benefit as any of the earlier claims.
  10. We will not pay this benefit if the insured suffered symptoms of, had investigations for, or was diagnosed with the disease any time before or within 90 days from the date we issue the rider, include or increase any benefit, or reinstate the rider (whichever is latest). The insured must survive for at least seven days from the date of diagnosis, or after having the medical procedure, before we pay this benefit.
  11. We will pay no more than $30,000 for each insured (no matter how many policies we have issued to cover each insured) for each juvenile benefit. At most, we will pay this benefit five times, as long as each claim is not for the same juvenile benefit as any of the earlier claims.
    We will not pay for any congenital defect or disease which has shown its signs or was diagnosed before the insured reaches the age of six for the juvenile benefit, unless the claim is for osteogenesis imperfecta, severe haemophilia, or Type I juvenile spinal amyotrophy.
  12. We will not pay this benefit if the insured suffered symptoms of, had investigations for, or was diagnosed with the disease within 90 days from the date we issue the rider, include or increase any benefit, or reinstate the rider (whichever is latest). The insured must survive for at least 30 days from the date of diagnosis before we pay this benefit.
    If you have purchased VivoLife 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.
    If you have purchased VivoLife for yourself (1st party policy) with the Early Cancer Waiver rider, you cannot attach the Early Protect Accelerator rider.
  13. We will not pay this benefit if the insured was diagnosed with the disease within 90 days from the date of policy issue, inclusion or increase of any benefit, or policy reinstatement (whichever is latest) for major cancers, heart attack of specified severity, coronary artery by-pass surgery, angioplasty and other invasive treatment for coronary artery or other serious coronary artery disease.


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 VivoLIfe 125, VivoLIfe 180 and VivoLife 350. 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

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