VivaLink

VivaLink

Build your wealth and stay insured with a versatile investment-linked plan that prepares you for your golden years.

What it covers

Death and total and permanent disability

We pay the basic benefit[1] or cash-in value, whichever is higher, less any applicable fees and charges due on your policy, in the event of death or total and permanent disability (TPD before age 70).

Accidental death and total and permanent disability before age 70

Receive an additional 100% of the sum assured or $100,000, whichever is lower, if death or total and permanent disability is due to an accident[2]. If the accident happened during a restricted activity, we only pay an additional 30% of the sum assured or $30,000 on top of the death benefit, whichever is lower.
 

Features

Your insurance coverage is guaranteed[3] in the first 10 years of your policy, regardless of its cash value.
If the insured experiences any specified life event[4], you have the option to exercise either or both of the following options:
(a) increase the coverage for death and total and permanent disability (TPD before age 70) without reassessment of health; and/or
(b) receive bonus units for increase in regular premium.

We reward you for consistently paying your premiums with a 5% special bonus allocation[5] for the premiums payable in the 15th and 20th policy year.

After the 10th policy year, you may reduce your insurance coverage to zero[6] from age 55 onwards to maximise wealth accumulation.

We have a wide range of funds for you to choose from and a team of experienced investment professionals continuously monitoring each fund. Various Income’s investment funds have consistently attained Lipper Leader ratings[7] over the years, which means they rank among the top 20% in performance among other similar funds.

You will not be charged or limited to the number of fund switches[8] made per year.

You have the freedom to change the amount you want to save each time, to top-up your investment with a lump sum or to withdraw[9] some of your investments, as often as you wish.
Enjoy a wide range of exclusive treats which are specially curated for you.

Find out more.

Enhance your coverage

Dread Disease Cover (ILP)

We pay the sum assured under this rider if the insured is diagnosed with dread disease[10] (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.

Dread Disease Premium Waiver (ILP)

We waive future premium payments of the basic plan, if the policyholder is diagnosed with dread disease[11] (except for angioplasty and other invasive treatment for coronary artery) 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 (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.

Before you apply

The entry age is from 0 to 64 years old (last birthday).

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

Important Notes

Footnotes

 
  1. The basic benefit refers to the sum assured under the basic plan plus total top-ups less total withdrawals.
  2. Death or total and permanent disability has to occur within 365 days of the accident. Standard exclusions apply as well. Please refer to the policy contract for further details.
  3. VivaLink policy, including any unit-deducting riders attached, will not end within the first 10 years from the entry date of the policy, even if the policy’s cash value is insufficient to pay the applicable fees and charges due, provided that you have met the full conditions for the no lapse guarantee benefit to apply. The fees and charges due on the policy, including any unit-deducting rider attached, will continue to be payable and shall be deducted from any cash value or claim made under the policy. Please refer to the policy contract for further details on the conditions required.
  4. Each time the insured experiences a life event, you may choose to exercise either or both of the following options.

    Guaranteed insurability option:
    You can increase the sum assured of the VivaLink policy for death and total and permanent disability (TPD before age 70) without reassessment of the insured’s health. We will limit the increase in sum assured to 50% of the sum assured when we issue the VivaLink policy, or $100,000, whichever is lower. Any increase above this limit will be subjected to underwriting.

    Bonus unit option:
    You can receive bonus units if you increase the regular premium of this policy and the new regular premium amount exceeds the previous highest regular premium amount. Bonus units is equivalent to one month of the increased portion of the regular premium to the policy.

    An option must be exercised within 3 months from the date of the defined life event if the insured has met the full conditions to exercise an option. The insured must not be totally and permanently disabled, or be diagnosed with an advanced-stage dread disease at the time of taking up an option.

    Life events include turning 21 years old, getting married, purchasing a residential property or becoming a parent. Please refer to the policy contract for further details on the life events and conditions required.

  5. You will receive a 5% special bonus allocation to the premium payable, depending on the premium payment mode, on top of the existing allocation rate for premiums payable in the 15th and 20th policy year. If the policy goes into premium holiday (applied or otherwise) at any time, such special bonus allocation will be deferred for the same duration as the premium holiday.

  6. You can continue to pay the regular premium after the option is exercised. If you stop paying premiums, the policy will go into premium holiday.

  7. You may visit www.fundsingapore.com for more information on Lipper Leader ratings and how our funds rank.

  8. Minimum switch amount is currently set at $1,000 each time. There is no limit to the number of switches per year. There are currently no charges for fund switching. These conditions are not guaranteed, and are subject to revision by Income.

  9. Withdrawal amount must be at least $500. After withdrawal, you need to hold a minimum of $1,000 worth of units across all funds under the policy. These limits are not guaranteed, and are subject to revision by Income.

  10. Dread Disease Cover (ILP) is a whole life unit-deducting rider that pays the sum assured under this rider upon diagnosis of the insured with one of the specified dread diseases (except angioplasty and other invasive treatment for coronary artery) during the term of the rider. This rider terminates thereafter.

    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.

    We will not pay this benefit if the insured 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) 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. The insured must survive for at least 30 days from the date of diagnosis of a specified dread disease before we pay this benefit. Please refer to the policy contract for further details.

  11. Dread Disease Premium Waiver (ILP) is a unit-deducting rider that waives future premiums on VivaLink for the remaining term of the rider, up till age 84 (last birthday), upon diagnosis of the insured with one of the specified dread diseases during the term of the rider. Only premiums on the basic policy (excluding any supplementary riders attached) will be waived.

    We will not pay this benefit if the insured 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) for major cancers, heart attack of specified severity, coronary artery by-pass surgery, or other serious coronary artery disease. Please refer to the policy contract for further details.

General notice

This information is not to be construed as an offer or solicitation for the subscription, purchase or sale of any investment-linked policy (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.

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 adviser. 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.

This page is for general information only. You can find the usual terms and conditions of VivaLink here. 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 19 April 2017

Frequently asked questions

How to apply

For enquiries about savings and investment products, 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