All ages mentioned refer to age next birthday.

1. The Guaranteed Renewable Option (GRO) is subjected to maximum renewal age of 89 years old and the maximum expiry age of 99 years old for the base plan and is only applicable to coverage term of 5 years and 10 years. Upon renewal, the Life Assured is insured for at most the same Sum Assured as before the renewal date and for the same coverage term. No new policy will be issued. GRO is also applicable to TPD Advance Cover Plus III, CI Advance Cover Plus IV and Early Critical Illness Cover II, if attached to the basic policy at inception. Premiums payable for the renewed policy will be based on the Life Assured’s attained age and the prevailing premium rates at the date of renewal. Please refer to the Product Summary for more details.

2. The policyholder may exercise the Guaranteed Issuance Option (GIO) at each of the following key life events without providing further evidence of insurability:
a) the Life Assured marries or divorces (i.e. change of marital status);
b) the Life Assured becomes a parent by having a newborn child, or legally adopts a child (i.e. adding a new child member to the immediate family);
c) the Life Assured purchases a property;
d) the Life Assured or Life Assured’s child enrols into primary, secondary or tertiary education;
e) the Life Assured enters full-time employment within one year from tertiary graduation; or
f) the Life Assured turns 21 years old (i.e. Life Assured’s 21st birthday).

GIO allows the policyholder to increase the Sum Assured of the base plan during the premium term of the policy with extra premium payable. The total Sum Assured that can be increased under this option is limited to 50% of Singlife Elite Term II Sum Assured, or up to S$500,000 per life (or its equivalent in other currencies), whichever is lower. GIO is extended to standard life only. Please refer to the Product Summary for more details.

3. The policyholder may exercise the Guaranteed Convertibility Option (GCO) by fully or partially converting the basic policy into a new endowment or whole life policy  available at the point of conversion, without further evidence of insurability as long as the following conditions are met:
a) The policy is in force when this option is exercised;
b) The Life Assured is 65 years old or younger when the GCO is exercised (for joint life policy, the age limit for conversion must be based on the older age of the two Lives Assured);
c) For full conversion, the Life Assured will be insured for the same Sum Assured or less on the new policy, subject to the Sum Assured limit of the new policy;
d) For partial conversion, the Life Assured is insured for a Sum Assured equal to or less than the amount of Sum Assured converted, subject to the Sum Assured limit of the new policy. The original policy will continue with a reduced Sum Assured, subject to the Sum Assured limit of the original policy;
e) The maximum Death Benefit payable under the new policy must not exceed:
(i) the Death Benefit payable under the original policy if it is a full conversion; or
(ii) the Death Benefit payable for the amount of Sum Assured converted if it is a partial conversion; and
f) No claim on this policy has been admitted or submitted.

The terms and conditions above are not exhaustive. Please refer to the Product Summary for more details.

4. These are the riders available to enhance your protection:

 a) TPD Advance Cover Plus III*

 b) CI Advance Cover Plus IV*

 c) MultiPay Critical Illness Cover IV

 d) Early Critical Illness Cover II

 e) Singlife Big 3 Critical Illness Cover

 f) Critical Illness Premium Waiver II

 g) Payer Critical Illness Premium Waiver II

 h) Payer Premium Waiver Benefit

*GRO, GIO, and GCO are applicable for these riders. For more details on the riders, please refer to their respective Product Summaries.

5. Longevity Reward is only applicable to Singlife Elite Term II (Limited Pay) policies. If the policy is held until the end of coverage term at age 99, we will pay 100% of Total Premiums Paid for the base plan, subject to the policy terms and conditions.

6. Surrender Benefit is only applicable to Singlife Elite Term II (Limited Pay) policies. For as long as premiums are paid up to date, we will pay:

a) 30% of Total Premiums Paid for base plan (i.e. excluding premiums for riders)  upon full surrender on or after the start of the 3rd policy year till end of the premium term; or

b) 80% of Total Premiums Paid for base plan  upon full surrender from end of premium term onwards.

The payment will less any amount owing to us.