DIRECT Whole Life

Lifetime assurance at an affordable price

A whole life insurance plan that you can purchase by yourself, directly from insurance companies.

Coverage as long as you live

Payout when you die or get a Terminal Illness.

Accumulate potential bonuses

This means more cash at your payout.

Premiums don't change

The same premium guaranteed, throughout the premium payment period.

Click here to learn more about what is Direct Purchase Insurance (DPI) and how it works.

An easy way to get protected

Just a simple plan to start or add to your portfolio.

Key Benefits	Coverage / Options
Basic benefits¹	Lump-sum payout upon death, Terminal Illness or Total and Permanent Disability
Potential bonuses²	Yes
Choice of coverage amount³	Sum Assured from S$50,000 to S$200,000
Death and Terminal Illness coverage period	Whole life
Total and Permanent Disability coverage period	Ends at age 65
Accumulate Cash Value	Yes
Premium payment period	Choose to pay till age 70 or 85
Premium payment options	Choose to pay either monthly, quarterly, half-yearly or yearly

Eligibility Criteria
Entry Age⁴	Age 19 to 65
Country of residence	Singapore

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Add-on for extra protection

Need enhanced coverage? Consider this add-on when you purchase our plan.

DIRECT- Critical Illness Assurance (Whole Life)

Get a lump-sum payout when you are diagnosed with any of the 30 covered critical illnesses⁵

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Footnotes

All ages mentioned refer to age next birthday.

¹Terminal Illness Benefit and Total and Permanent Disability Benefit are early payouts of the Death Benefit. Please refer to the Product Summary for more details.

²Potential bonuses are made up of Reversionary Bonus and Terminal Bonus. The Reversionary Bonus and Terminal Bonus are non-guaranteed and depend on the performance of Singapore Life Ltd.'s Participating Fund. The Reversionary Bonus will form part of the guaranteed benefit of the policy once it is declared and vested. Please refer to the Product Summary for more details.

³Direct 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.

⁴Depending on the premium payment period. Please refer to the Product Summary for more details.

⁵The 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.

Need more information?

Here are the steps to apply.

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Got any questions?

What are the Direct Purchase Insurance (DPI) plans offered by Singlife?

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 S$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.

Who is eligible to apply for the DPI plans?

Do I need to submit any medical reports or undergo any medical check-ups?

How can I make a claim?

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.

Read before you buy

This policy is underwritten by Singapore Life Ltd. (Singlife).

The information on this page is for general information only and does not have regard to the specific investment objectives, financial situation and particular needs of any specific person. Product Summaries for direct purchase insurance may be obtained from Singlife and singlife.com.

As direct purchase insurance are sold without financial advice, you should make sure you have carefully assessed your insurance needs as well as whether you can afford the premiums for the duration of the policy. You should also read the Product Summary, Policy Illustration, Direct Purchase Insurance Fact Sheet and Checklist and all related information on singlife.com to understand the features of the product and assess whether the product you have chosen is appropriate to your financial needs and insurance objectives.

As buying a life insurance product, including a direct purchase product, is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid. Buying a health insurance policy that is not suitable for you may impact your ability to finance your future healthcare needs. This is not a contract of insurance. Full details of the standard terms and conditions of this policy can be found in the relevant policy contract.

Information is accurate as at 1 July 2021.

This advertisement has not been reviewed by the Monetary Authority of Singapore.

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 for 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 Singlife or the Life Insurance Association or SDIC website (www.lia.org.sg or www.sdic.org.sg).

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DIRECT- Whole Life Assurance