Term Life

Term Life Insurance

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Save 20% on Term Life Series Two + 30% off its riders for coverage above S$410k till 25 July 2020

Terms apply

What Is Term Life Insurance

“Term” is used because it provides insurance coverage for a fixed term or period.

Term life insurance pays a lump sum in the event of death or Total and Permanent Disability (TPD) if TPD benefit is provided.

It provides pure protection with no savings or investment features.
It is a simple life insurance product and usually the most affordable.

Two Base Plans for Different Coverage Needs

Basic Coverage Enhanced Coverage

Product Name

DIRECT-Term

Term Life Series Two

What is this plan about?

A simple and affordable protection plan

A flexible and customizable protection plan

How much can you get covered for? (Sum assured)

From S$50,000 to S$400,000

From S$410,000 to S$2,000,000*

*Want more coverage?
Let us connect you to our third-party financial advisers.

What are you covered for?

Receive lump sum payout upon

  • Death
  • Terminal illness
  • Total & Permanent Disability

Receive lump sum payout upon

  • Death
  • Terminal illness

How long you are covered for? (Policy term)

Policy term of 5 years; 20 years; or
Term up to age 65

Customise your plan’s policy term from 1 year to terms up to age 99

Optional riders to enhance your coverage

What is a rider?

A rider is an additional benefit or coverage that is attached to your base plan with additional cost.

  • DIRECT-Critical Illness Benefit

    DIRECT-Critical Illness Benefit

    This rider covers 30 critical illness conditions.

    Please refer to the Terms and Conditions for more details.

  • Critical Illness Advance Rider Series Two

    Critical Illness Advance Rider Series Two

    This rider covers 36 critical illness conditions.

    Please refer to the Terms and Conditions for more details.

  • Disability Advance Rider Series Two

    Disability Advance Rider Series Two

    This rider covers total and permanent disability.

    Please refer to the Terms and Conditions for more details.

Can I increase my coverage amount without further medical underwriting?

Not available

Yes, you may increase your coverage amount in the following life stage events, without further medical underwriting:

  • Getting married
  • Birth of a child
  • Legal adoption of a child
  • Increase of mortgage by more than 20% due to a house move or undertaking major home improvements.

Does this plan automatically renew?

Yes, guaranteed renewal is available for policy term of 5 years only. Upon renewal, you are covered for the same sum assured and policy term.

Please refer to the Terms and Conditions for more details.

Yes, the plan will be automatically renewed
at the end of the policy term
, based on the
same sum assured and policy term.

Please refer to the Terms and Conditions for more details.

Learn More About Our Term Life Insurance

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Save 20% on Term Life Series Two
+ 30% off its riders till 25 July 2020

TERMS APPLY

This plan is available through our website as well as through a third party financial adviser.

If you are interested to purchase this plan directly through our website, please click “GET A QUOTE” on our website and select “Term Life” to start your online application.

If you need financial advice, kindly email us at [email protected] with your name and contact number or call us at +65 6911 1111 and we will connect you with our third party financial advisers.

Increase in sum assured:

Subject to underwriting, you can choose to increase the sum assured within 6 months from the effective date.

 

Decrease in sum assured:

You can choose to reduce the sum assured at any time, subject to a minimum sum assured of the base plan/riders as required by us.

Addition of riders:

Subject to underwriting, you can choose to add riders within 6 months from the effective date.

 

Removal of riders:

You can choose to remove riders at any time.

This optional rider covers 36 late-stage critical illnesses. Upon the diagnosis of any of the covered critical illnesses, we will pay the rider’s sum assured.

Your supplementary benefit sum assured will be paid as an acceleration of the base benefit if, during the period of cover, the Life Assured is diagnosed with any of the critical illnesses listed below, except for Angioplasty & Other Invasive Treatment for Coronary Artery.

If the Life Assured undergoes Angioplasty & Other Invasive Treatment for Coronary Artery, we will pay 10% of the sum assured of this supplementary benefit, subject to a maximum amoung of SGD 25,000. The benefit for & Other Invasive Treatment for Coronary Artery is payable once.

The sum assured of this supplementary benefit and the base benefit will be reduced by the amount paid. Premiums payable will be adjusted accordingly based on the reduced sum assured.

Please refer to the Product Summary – Term Life for more details.

Below is the list of covered critical illnesses.

1. Alzheimer’s Disease / Severe Dementia 19. Loss of Speech
2. Angioplasty and Other Invasive Treatment for Coronary Artery 20. Major Burns
3. Apallic Syndrome 21. Major Cancers
4. Aplastic Anaemia 22. Major Head Trauma
5. Bacterial Meningitis 23. Major Organ / Bone Marrow Transplantation
6. Benign Brain Tumour 24. Motor Neurone Disease
7. Blindness (Loss of Sight) 25. Multiple Sclerosis
8. Coma 26. Muscular Dystrophy
9. Coronary Artery By-pass Surgery 27. Other Serious Coronary Artery Disease
10. Deafness (Loss of Hearing) 28. Paralysis (Loss of Use of Limbs)
11. End Stage Liver Failure 29. Parkinson’s Disease
12. End Stage Lung Disease 30. Poliomyelitis
13. Fulminant Hepatitis 31. Primary Pulmonary Hypertension
14. Heart Attack of Specified Severity 32. Progressive Scleroderma
15. Heart Valve Surgery 33. Stroke
16. HIV due to Blood Transfusion and Occupationally Acquired HIV 34. Systemic Lupus Erythematosus with Lupus Nephritis
17. Kidney Failure 35. Surgery to Aorta
18. Loss of Independent Existence 36. Viral Encephalitis

The definitions of these critical illnesses are the same as those found in the Life Insurance Association, Singapore’s “Standard Definitions For Severe Stage 37 Critical Illnesses: Version 2014” published on 1 Aug 2014. You may refer to www.lia.org.sg for the said definitions.

There is a 90-day waiting period from the effective date or the latest reinstatement date (whichever is later) before you can make a claim on the following conditions:

  • Coronary Artery By-pass Surgery
  • Other Serious Coronary Artery Disease
  • Heart Attack of Specified Severity
  • Major Cancers
  • Angioplasty and Other Invasive Treatment for Coronary Artery

Direct Purchase Insurance (DPI) is an initiative under the Financial Advisory Industry Review (FAIR) to allow consumers to purchase insurance directly from insurance companies without incurring commission.

No financial advice will be given for DPI plans.

DPI plans have broadly standardised product features – making them easier for consumers to understand and purchase without the need for financial advice.

It was first introduced as Basic Insurance Products (BIPs), later changed to Direct Channel Insurance Product (DCIP) and Direct Purchase Product (DPP), and finally confirmed as Direct Purchase Insurance (DPI).

For the DIRECT-Term plan, the Total & Permanent Disability coverage is embedded in the base plan, whereas the sum assured for the optional rider, DIRECT-Critical Illness Benefit will follow the sum assured of the base plan.

For the DIRECT-Term plan, the TPD coverage is embedded in the base plan. Hence, you are unable to request for an opt-out for TPD.

This optional rider covers 30 late-stage critical illnesses.

Below is the list of covered conditions.

1. Alzheimer’s Disease / Severe Dementia 16. Major Burns
2. Aplastic Anaemia 17. Major Cancers
3. Bacterial Meningitis 18. Major Head Trauma
4. Benign Brain Tumour 19. Major Organ / Bone Marrow Transplantation
5. Blindness (Loss of Sight) 20. Motor Neurone Disease
6. Coma 21. Multiple Sclerosis
7. Coronary Artery By-pass Surgery 22. Muscular Dystrophy
8. Deafness (Loss of Hearing) 23. Paralysis (Loss of Use of Limbs)
9. End Stage Liver Failure 24. Parkinson’s Disease
10. End Stage Lung Disease 25. Primary Pulmonary Hypertension
11. Fulminant Hepatitis 26. Stroke
12. Heart Attack of Specified Severity 27. Surgery to Aorta
13. Heart Valve Surgery 28. Viral Encephalitis
14. Kidney Failure 29. HIV due to Blood Transfusion and Occupationally Acquired HIV
15. Loss of Speech 30. Angioplasty & Other Invasive Treatment for Coronary Artery

DIRECT-Critical Illness Benefit does not provide coverage for early stages of critical illnesses.

See Other Products

Critical Illness Insurance

SAVE 15% ON BASE PLANS + RIDERS TILL 25 JULY 2020. TERMS APPLY.

Important Notes

  • The information on this page is meant for your general knowledge and does not regard any specific investment objectives, financial situations or particular needs any person might have.
  • Before making a commitment to purchase this product, you should consider whether the product is suitable for you by referring to the product summary, terms and conditions and FAQs.
  • Alternatively, you may wish to seek advice from our third-party financial advisers. Tell us what you’re looking for and one of our representatives will reach out to you.
  • This policy is protected under the Policy Owners’ Protection Scheme administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage from 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 us or visit the Life Insurance Association or Singapore Deposit Insurance Corporation Limited (SDIC).
  • Information is correct as at 19 September 2019.
  • This advertisement has not been reviewed by the Monetary Authority of Singapore.