Term Life

Term Life Insurance

DIRECT-Term Series 1.2  

Term Life Series 3

Give your family the financial protection they deserve.
Be prepared, no matter where life takes you.

GET A QUOTE

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 Series 1.2

Term Life Series 3

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 Series 1.1

    DIRECT-Critical Illness Series 1.1

    This rider covers 30 critical illness conditions.

    Please refer to the Terms and Conditions for more details.

  • Critical Illness Advance Rider Series 3

    Critical Illness Advance Rider Series 3

    This rider covers 36 critical illness conditions.

    Please refer to the Terms and Conditions for more details.

  • Disability Advance Rider Series 3

    Disability Advance Rider Series 3

    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

need financial advice?

Let us connect you with one of our Financial Advisory partners

No Papers Required

Apply easily online through our digital journey. It’ll only take a few minutes.

Ease of application with MyInfo

Save your time from filing important personal information and do away from submitting identification document

Get protected within a few minutes

get a quote

Save 20% on Term Life base plan
+ its riders till 30 November 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 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 amount of SGD 25,000. The benefit for Angioplasty & 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.

Below is the list of covered critical illnesses*.

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

*The Life Insurance Association Singapore (LIA) has standard Definitions for 37 severe-stage Critical Illnesses (Version 2019). These Critical Illnesses fall under Version 2019. You may refer to www.lia.org.sg for the standard definitions (Version 2019).

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 Cancer
  • Angioplasty & Other Invasive Treatment for Coronary Artery

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

No financial advice will be given for DPI plans.

DPI plans have broadly standardised product features – 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 DIRECT-Term Series 1.2, the TPD coverage is embedded in the base plan. Hence, you are unable to request to opt out for TPD.

For DIRECT-Term Series 1.2, the TPD coverage is embedded in the base plan. The sum assured for the optional rider, DIRECT-Critical Illness Series 1.1 will follow the sum assured of the base plan.

This optional rider covers 30 late-stage critical illnesses*.

Below is the list of covered conditions.

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

*The Life Insurance Association Singapore (LIA) has standard Definitions for 37 severe-stage Critical Illnesses (Version 2019). These Critical Illnesses fall under Version 2019. You may refer to www.lia.org.sg for the standard definitions (Version 2019).

DIRECT-Critical Illness Series 1.1 does not provide coverage for early stages of critical illnesses.

See Other Products

Critical Illness Insurance

SAVE 25% ON BASE PLANS + RIDERS TILL 30 NOV 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.