Group Term Life

Here’s what your employees get with our Group Term Life plan.

Protection against death (before age 70) for your employees.
Protection against total and permanent disability (TPD before age 65) for your employees.

Need more protection?
Here’s how you can enhance your employees' coverage.

Terminal illness

Your employee will receive a lump sum payout in the event of the diagnosis of a terminal illness where death is highly probable within 12 months of diagnosis of the illness.

Extended benefits for death and total and permanent disability

The benefits for death and total and permanent disability (TPD before age 65) will be extended for up to 12 months or until your employee reaches the age of 65, whichever is earlier, if his/her service is terminated on medical grounds.

Family income benefit

Your employee or your employee’s family will receive an additional monthly payout of 1% of the sum assured for a period of 12 months in the event of death or total and permanent disability (TPD before age 65) of your employee.

37 critical illnesses

Your employee will receive a lump sum payout upon a diagnosis of the 37 critical illnesses. This benefit can be on acceleration or additional basis.

Who this is for.

To apply for this plan, companies or associations must be registered in Singapore.

Your employees/members covered also need to be between 16 to 69 years old (age last birthday).

Your policy toolkit.

Application forms

Group insurance application form

Group employee data form

Group health declaration form

Group insurance fact finding form

Important notes

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 is for general information only and does not constitute an offer, recommendation, solicitation or advice to buy or sell any product(s). You can find the usual terms, conditions and exclusions 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 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. This plan does not have any cash value.

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 Insurance or visit the GIA/LIA or SDIC websites (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 6 November 2024.