Terms and Conditions apply. Group term life insurance.
For complete details, please refer to the product brochure and product summary or speak to your preferred financial adviser representative.
Wherever age is mentioned, it's calculated based on age next birthday.
Premium shown is based on monthly rate (rounding off to the nearest cent) for an Insured Person, aged below 65 at next birthday.
To be considered as total and permanent disability for the purpose of this Benefit, the total and permanent disability is defined as:
Total and permanent, such that there is neither at the time it is first sustained nor at any time thereafter, any work, occupation or profession that the Insured Person can ever sufficiently do or follow to earn or obtain any wages, compensation or profit; or The total and irrecoverable:
loss of the sight of both eyes; or
Cheap insurance life term
loss by severance of or total and permanent loss of use of both hands at or above the wrists; or
loss by severance of or total and permanent loss of use of both feet at or above the ankles; or
loss by severance of or total and permanent loss of use of one hand at or above the wrist and one foot at or above the ankle; or
loss of sight of one eye and loss by severance of or total and permanent loss of use of one hand at or above the wrist or one foot at or above the ankle.
If the sum payable in respect of a valid claim is above S$200,000, the Company will first pay a lump sum of S$200,000 and pay the balance in three (3) equal annual instalments. The first annual instalment will be paid on the 1st anniversary of the initial lump sum payment and the remaining two instalments will be paid on the 2nd and 3rd anniversary respectively. Please refer to the Product Summary for more details.
S$30 per day Hospital Cash Benefit is payable after the 10th day of the hospital stay, up to a maximum of thirty (30) days continuously. The S$30 Hospital Cash Benefit can only be claimed either under the Core Scheme or Voluntary Scheme.
A detailed definition of the critical illnesses admissible for claim can be found in the Aviva website at www.aviva.com.sg. The Life Insurance Association Singapore (LIA) has standard Definitions for 37 severe-stage Critical Illnesses (Version 2014). You may refer to www.lia.org.sg for the standard Definitions (Version 2014).
The Life Insurance Association Singapore (LIA) has standard Definitions for 37 severe-stage Critical Illnesses (Version 2014). These Critical Illnesses do not fall under Version 2014. For Critical Illnesses that do not fall under Version 2014, the definitions are determined by the insurance company. You may refer to www.lia.org.sg for the standard Definitions (Version 2014).
The policy is underwritten by Aviva Ltd.
This is published for general information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. A copy of the Product Summary may be obtained from Aviva Ltd and the participating distributor's offices. You should read the Product Summary before deciding whether to purchase the policy. You may wish to seek advice from a financial adviser representative, before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser representative, you should consider whether the product in question is suitable for you.
Buying a life and health insurance policy is a long-term commitment. Early termination of the policy usually involves high costs and the surrender value payable, if any, may be less than the total premiums paid. This is not a contract of insurance. Full details of the standard terms and conditions of this plan can be found in the relevant policy contract.
Information last updated May 2018.
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 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 Aviva Ltd or visit the Life Insurance Association Singapore or SDIC websites ( www.lia.org.sg or www.sdic.org.sg ).