Corporatised Entities Group Insurance Scheme

Here’s how CEGIS protects you and your loved ones.

Stay covered in the event of death.
Receive an additional 25% of the sum assured if death was caused by an accident.
You will also be protected against total and permanent disability before age 65 with additional payouts[1] in addition to receiving the sum assured.
In the event of permanent and partial disability due to an accident before age 65[2], you will receive a percentage of the sum assured.

Need more protection?
Enhance your coverage with a rider.

37 critical illness (optional rider)

You will receive a lump sum payout upon a diagnosis of any of the 37 critical illnesses[3].

For angioplasty and other invasive treatment for coronary artery, payment is limited to 10% of the sum assured, subject to a maximum of $25,000.

Sum assured for 37 critical illness rider (optional rider)

You can choose your sum assured in multiples of $10,000, up to $200,000 each for you and your husband or wife. The maximum sum assured for your child is $100,000.

List of 37 critical illnesses

The 37 critical illness covered under this rider are listed below.

Major Cancer
Heart Attack of Specified Severity
Stroke with Permanent Neurological Deficit
Coronary Artery By-pass Surgery
End Stage Kidney Failure
Irreversible Aplastic Anaemia
End Stage Lung Disease
End Stage Liver Failure
Coma
Deafness (Irreversible Loss of Hearing)
Open Chest Heart Valve Surgery
Irreversible Loss of Speech
Major Burns
Major Organ / Bone Marrow Transplantation
Multiple Sclerosis
Muscular Dystrophy
Idiopathic Parkinson’s Disease
Open Chest Surgery to Aorta
Alzheimer’s Disease / Severe Dementia
Fulminant Hepatitis
Motor Neurone Disease
Primary Pulmonary Hypertension
HIV Due to Blood Transfusion and Occupationally Acquired HIV
Benign Brain Tumour
Severe Encephalitis
Severe Bacterial Meningitis
Angioplasty & Other Invasive Treatment for Coronary Artery
Blindness (Irreversible Loss of Sight)
Major Head Trauma
Paralysis (Irreversible Loss of Use of Limbs)
Terminal Illness
Progressive Scleroderma
Persistent Vegetative State (Apallic Syndrome)
Systemic Lupus Erythematosus with Lupus Nephritis
Other Serious Coronary Artery Disease
Poliomyelitis
Loss of Independent Existence

Who this is for.

Only employees of a corporatised organisation may apply for cover under this plan.

To apply for your husband, wife, or children[4], they must be a Singaporean, Singapore Permanent Resident or foreigner who is working or residing in Singapore.

The entry age and maximum age of coverage for term life coverage and 37 critical illness rider:

	Minimum entry age	Maximum entry age	Maximum age of coverage
Employee of a corporatised organisation and husband or wife	16 years old	65 years old	70 years old
Child	12 months old	17 years old	25 years old[5]

Maximum sum assured

You can choose your sum assured in multiples of $10,000, up to $300,000 each for you and your husband or wife for CEGIS term life coverage, and up to $200,000 each for you and your husband or wife for 37 critical illness rider. The maximum sum assured for your child is $100,000 for both CEGIS term life coverage and 37 critical illness rider.

	Term life coverage	37 critical illness rider
Employee of a corporatised organisation and husband or wife	$300,000	$200,000
Child	$100,000	$100,000

Your policy toolkit.

Footnotes

We pay a further monthly payout of 1% of the sum assured for the next 24 months or until the insured reaches the age of 65 or until the insured dies, whichever is earliest.
Permanent and partial disability must happen within 365 days from the date of the accident.
A survival period of 30 days from the date the insured is diagnosed with the critical illness will apply. For major cancer, coronary artery by-pass surgery, heart attack of specified severity, angioplasty and other invasive treatment for coronary artery and other serious coronary artery disease, a waiting period of 90 days from the start date or reinstatement date (if any) of the insured’s cover, whichever is later will apply. For the other remaining critical illnesses, a waiting period of 30 days from the start date or reinstatement date (if any) of the insured’s cover, whichever is later will apply.
Your husband or wife and children will be eligible to apply for cover if you, as an employee of the corporatised organisation, are insured under the plan. You will need to be insured under CEGIS term life coverage before your husband or wife and children can apply for cover under the plan. To apply for 37 critical illness rider for your husband or wife and children, they must be insured with CEGIS term life coverage and you must be insured under the 37 critical illness rider. The sum assured for your husband or wife or children must not be more than your sum assured unless we have reduced your sum assured due to underwriting reasons.
If you end your policy or is no longer the employee of the corporatised organisation, the cover for your husband or wife and children will end. The cover for your husband or wife will also end if you are separated or divorced from your husband or wife.
This plan does not cover any claim or loss arising from insured taking part in full-time National Service.

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 master policy contract issued to your organisation. The cover for CEGIS will automatically end upon the termination of the master policy by either Income Insurance or your organisation. 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.

CEGIS is underwritten and issued by Income Insurance.

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 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 24 September 2024.

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requency of Premium Payment	Refund
Monthly	No refund nor surrender value. Termination of your CEGIS plan will only take effect on the next premium due date. You will continue to be covered for the entire month for which the premium had been paid.
Half-yearly	No surrender value. Termination of your CEGIS plan will only take effect on the next month and we will refund you the premium paid in advance for the remaining months. You will continue to be covered until the end of that month for which the event of termination occurs.