Life insurance important terms. DIRECT Whole Life - Aviva Singapore

This plan covers death and terminal illness for whole of life. Upon diagnosis of terminal illness of the Life Assured, Aviva will pay the Terminal Illness Benefit as the advancement of the Death Benefit, less any amount owing to Aviva, in one lump sum. Policy has to be in force at time of claim. Whole life coverage.

Potential bonuses are made up of accumulated Reversionary Bonus and Terminal Bonus (if any). The Reversionary Bonus and Terminal Bonus are non-guaranteed and depend on the performance of Aviva Ltd's Participating Fund. The Reversionary Bonus will form part of the guaranteed benefit of the policy once they are declared and vested. Please refer to the Product Summary for more details.

DIRECT– Aviva Critical Illness Cover rider does not cover pre-existing medical conditions and claims made in relation to selected critical illnesses within the 90-day waiting period (from policy start date). In the case of a claim for Angioplasty & Other Invasive Treatment for Coronary Artery, 10% of the sum assured for this rider, subject to a maximum of S$25,000, is payable. Premium rate for the rider is non-guaranteed and may be adjusted by us based on future claims experience. Please refer to the Product Summary for more details.

Wherever age is mentioned, it's calculated based on age next birthday.

Whole life insurance companies

The policies are underwritten by Aviva Ltd.

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

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 Factsheet and all related information on to understand the features of the product and assess whether the product you have chosen is appropriate to your financial needs and insurance objectives.

Budget insurance

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 payable, if any, may be less than the total premiums paid. Buying health insurance products that are 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 the plans can be found in the relevant policy contract.

Information last updated July 2017

Life assurance plan

The policies are 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 fro 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 the Life Insurance Association Singapore or SDIC website ( or ).

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