VivoChild

VivoChild

A savings plan with guaranteed cash benefits at different stages of your child’s education.

What it covers

Guaranteed cash benefits

You will receive guaranteed cash benefits [1] at different stages of your child’s education, from primary school to university. You can also choose to accumulate your cash benefits with us at an interest rate of up to 3.5% p.a [2].

Death and total and permanent disability

We pay 100% of the sum assured and bonuses in the event of death or total and permanent disability of your child.

Hospital benefit [3]

We pay a daily cash benefit [3] of $100 for each full day of hospitalisation, up to a maximum of 30 days per admission, in the event of hospitalisation due to hand-foot-mouth disease, food poisoning or dengue.

Death, total and permanent disability and dread diseases [4] of the policyholder

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 diseases [4] (except for angioplasty and other invasive treatment for coronary artery) of the policyholder during the term of the rider. This rider is automatically added in the policy but you can choose to remove it.

Features

You can choose to pay premiums for 5 or 10 years. Alternatively, you can pay premium throughout the policy term, except for the last 2 years.

This policy will share in the profits and losses of the Life Participating Fund [5].

Enhance your plan

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[4] (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 [4] (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.
Early Cancer Waiver
We waive future premium payments in the event of the diagnosis of early-stage cancer[6] during the term of the rider.

Before you apply

Policy term Policy term up to age 20 Policy term up to age 22
Payment period 5 years 10 years Full term except last 2 years 5 years 10 years Full term except last 2 years
Minimum entry age 0 0 0 0 0 0
Maximum entry age (last birthday) 11 8 11 11 10 11

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

Important Notes

Footnotes

 
  1. You will start to receive the guaranteed cash benefit at specific policy anniversaries after the insured reaches certain milestone ages and only if premiums have been paid for at least one year. You will continue to receive subsequent cash benefits during the policy term and a maturity benefit at the end of the policy term if the insured is still alive and the policy has not ended.
  2. Interest rate of 3.5% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
  3. This hospital benefit only applies if the insured is hospitalised in a restructured or private hospital licensed in Singapore and can only be claimed once for each of these 3 conditions (hand-foot-mouth disease, food poisoning and dengue). The insured must have stayed in the hospital for at least 6 hours, unless (a) the hospital charges the insured for daily room and board; or (b) the surgery is a procedure listed in the Ministry of Health’s (MOH) table of surgical procedures.
  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 and coronary artery by-pass surgery.
  5. Bonus rates are not guaranteed and the benefits payable will vary according to the future performance of the Life Participating Fund.
  6. 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 and would like to include Early Cancer Waiver rider, you will have to include an Enhanced Payor Premium Waiver rider (for 3rd party policy) or Dread Disease Premium Waiver rider (for 1st and 3rd party policy) 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 (1st and 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 contract. 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 15 February 2017

Frequently asked questions

How to apply

For enquiries about savings and investment products, please call our hotline:
6788 1122

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