DIRECT- Term Life Assurance

All ages mentioned refer to age next birthday

¹  The premium of S$0.32 per day is for illustration purposes and is based on the following criteria – female, age 19, non-smoker who chooses a 5-year renewable DIRECT- Term Life Assurance coverage, with Sum Assured S$400,000 and pays premiums on an annual basis. The daily premium is derived using the annual premium amount divided by 365 days, rounded up to the nearest cent.

²  Upon renewal of a 5-year renewable term policy, the Life Assured will be insured for the same Sum Assured as before the renewal date and for the same policy term. Premiums will be adjusted based on the age of the Life Assured at renewal and a notice will be mailed to notify you of the new premium payable.  The maximum age to renew the DIRECT- Term Life Assurance is 80, and the coverage will be up to age 85. The renewal is also applicable to DIRECT– Critical Illness Assurance (Term Life), if attached to the basic policy at inception. The renewal of the basic policy and rider is subject to policy terms and conditions. Please refer to the Product Summary for more details.

³  Terminal Illness Benefit and Total and Permanent Disability Benefit are early payouts of the Death Benefit. Please refer to the Product Summary for more details.

⁴ Direct Purchase Insurance (DPI) coverage limit per person per insurer: Maximum Sum Assured of S$400,000 for DPI term life coverage, inclusive of a maximum Sum Assured of S$200,000 for DPI whole life coverage. 

⁵ Depending on the coverage period. Please refer to the Product Summary for more details. 

⁶ The Critical Illness Benefit covered in the optional rider accelerates the Death Benefit of the policy to which it is attached. For more details on the benefit, including the list of critical illnesses covered, the waiting period and the exclusions, please refer to the Product Summary of the rider.

There are two life insurance plans which you can purchase directly from us. They are:

DIRECT- Term Life Assurance

• A Term Life plan that provides up to S$400,000¹ coverage for death, Terminal Illness, or Total and Permanent Disability.
• Available cover term options are – 5 years, 20 years, or up to 65 Age Next Birthday.
• Premiums are level and do not increase with age.
• Premium payment period is the same as the policy coverage period.

DIRECT- Whole Life Assurance

• A participating Whole Life plan that provides a lump-sum payout up to $200,000¹ and non-guaranteed bonuses (if any) when death, Terminal Illness, or Total and Permanent Disability happens.
• Potential to accumulate bonuses annually.
• Premiums are level and do not increase with age.
• Choice of premium payment period - i) Pay till 70 Age Next Birthday or ii) Pay till 85 Age Next Birthday.

¹Direct Purchase Insurance (DPI) coverage limit per person per insurer: Maximum Sum Assured of S$400,000 for DPI term life coverage, inclusive of a maximum Sum Assured of S$200,000 for DPI whole life coverage. Please refer to the illustrations below:

• Illustration 1: If you have purchased a DIRECT- Term Life Assurance with Sum Assured of S$300,000, you may purchase an additional DIRECT- Term Life Assurance or DIRECT- Whole Life Assurance with Sum Assured of S$100,000.
• Illustration 2: If you have purchased a DIRECT- Whole Life Assurance with Sum Assured of S$100,000, you may buy another DIRECT- Whole Life Assurance not exceeding Sum Assured of S$100,000 or DIRECT- Term Life Assurance not exceeding Sum Assured of S$300,000.

In addition, both plans give you an option to add their respective critical illness rider, so that you can be protected if you are diagnosed with any of the 30 critical illnesses stated in their respective Product Summary. These 30 critical illnesses are standard across all insurance companies offering the DPI plans.

Please refer to the DPI brochure and Product Summaries for more details. They can be found at DIRECT- Term Life Assurance and DIRECT- Whole Life Assurance.

You may apply for these plans as long as: 

• You are a resident in Singapore (including foreigners who are holding a valid Employment Pass, Work Pass, Dependant Pass or Student Pass), and 
• You are between 19 and 65 Age Next Birthday (both ages inclusive).

Yes. The DPI plans will go through a similar approval process as non-DPI life insurance plans. You are advised to submit your medical report and you may also be required to go for a medical check-up.

You can obtain a claim form through the following ways:

• Download the claims form from our corporate site
• Call our customer service hotline at 6827 9933 (8.45am to 5.30pm, Mondays to Fridays, excluding public holidays) to request for one
• Email us at [email protected] to request for one
• Visit our Customer Service Hall to obtain a printed form

Instructions on how to file a claim is found on page 1 of the individual claim form.

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