SAFRA Essential Term and SAFRA Living Care

Footnotes

1. 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.
2. Partial and permanent disability must happen within 90 days from the date of the accident.
3. 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.
4. Each stay in the hospital must be for at least six hours in a row unless the insured’s stay in the hospital is for a surgical operation, or the hospital bills for daily room and board charges. A waiting period of 30 days from the start date or reinstatement date of the insured’s cover, whichever is later will apply.
5. Your husband or wife and children who are SAFRA members will be eligible for the application of coverage only if you, as the insured and Principal member of SAFRA, are covered under the same type of SAFRA plan. The sum assured for your husband or wife and children should not exceed your sum assured unless your sum assured has been reduced by Income Insurance due to underwriting reasons. If you end your policy, 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.

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). SAFRA is the master policyholder. You can find the usual terms, conditions and exclusions of SAFRA Essential Term and SAFRA Living Care in the master policy contracts issued to SAFRA. The cover for SAFRA Essential Term and SAFRA Living Care will automatically end upon the termination of the master policies by either Income Insurance or SAFRA. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if these plans are 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. These plans do not have any cash value.

SAFRA Essential Term and SAFRA Living Care are 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 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 18 February 2025.