^ Promo Ts&Cs apply.
Footnotes
1 Source: LIA Protection Gap Study, 2023. https://www.lia.org.sg/media/3974/lia-pgs-2022-report_final_8-sep-2023.pdf. The CI Protection Gap represents the financial gap to cover family needs during the assumed CI recovery period, until the insured is expected to return to work. It is the amount of money required to cover expenses and outstanding debt payments during the insured’s CI recovery period, less existing insurance coverage for CI. It is to be noted that identified needs of dependents beyond the CI recovery period have been considered on the hypothesis that the insured may not be able to meet those needs when they do return to work (due to the assumed reduction in the insured’s earning capacity).
2 If the insured becomes terminally ill or dies during the term of the policy, we will pay the sum assured. The policy will end when we make this payment.
3 Star Secure Pro includes a non-participating compulsory rider, Star Secure Pro – Protection Benefit. This rider pays accidental death benefit, Retrenchment Benefit, Family Waiver Benefit, and part of the minimum protection value. Please refer to the policy conditions for further details.
4 Income will pay no more than $30,000 for the same condition for each insured. Coverage before age 75 except Tourette syndrome before age 21.
5 DIRECT Star Term pays out the sum assured in the event of death, terminal illness or total and permanent disability (TPD before age 65) during the term of the policy.
6 DIRECT Star Protect Pro pays out the sum assured in the event of death, terminal illness or total and permanent disability (TPD before age 65) during the term of the policy.
7 Bonus rates are not guaranteed and the benefits payable will vary according to the future performance of the Life Participating Fund.
Disclaimers and notes
Protection Gap Calculator
This protection gap calculator is for educational and illustrative purposes only. It helps you in calculating the protection gap according to the resources you have based on your input and the resources required in the case of a critical illness, total permanent disability, or death. The information, assumptions and simulation are obtained from sources Income believed to be reliable. Any information generated through the protection gap calculator are merely estimates and for general information only and it is not meant to provide any recommendation, investment or financial advice. Income makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose and does not assume liability for any illustration provided or for your reliance on these illustrations. We strongly encourage you to speak to an advisor if you require any professional advice.
This information is not to be construed as an offer or solicitation for the subscription, purchase or sale of any product or investment-linked plan (ILP) sub-fund. The information and descriptions contained in this material are provided solely for general informational purposes and do not constitute any financial advice. It does not have regard to the specific investment objectives, financial situation and particular needs of any persons. The precise terms, conditions and exclusions of these plans are specified in their respective policy contract.
Investments are subject to investment risks including the possible loss of the principal amount invested. Past performance, as well as the prediction, projection or forecast on the economy, securities markets or the economic trends of the markets are not necessarily indicative of the future or likely performance of the ILP sub-fund. The performance of the ILP sub-fund is not guaranteed and the value of the units in the ILP sub-fund and the income accruing to the units, if any, may fall or rise. A product summary and product highlights sheet(s) relating to the ILP sub-fund are available and can be obtained from your insurance advisor or online at www.income.com.sg/funds. A potential investor should read the product summary and product highlights sheet(s) before deciding whether to subscribe for units in the ILP sub-fund.
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 advisor. 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 (if applicable) may be zero or less than the premiums you have paid for the plan. If you find that this plan is not suitable after purchasing it, you may terminate it within the free-look period, and obtain a refund of premiums paid. We may recover from you any expense incurred in underwriting this plan (subject to the respective products’ terms and conditions). For ILP, the refund amount is based on the market value of your selected funds and this could mean that you get back less than the original investment.
(Applicable for products that fall under the Policy Owners’ Protection Scheme).
These policies are 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 GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is correct as at 14 August 2023.
