|Type of Claim||Benefit Payable||What happens to the policy after claim is paid out?|
|Death, Terminal Illness, or Total & Permanent Disability (TPD) benefit||100% of Sum Assured (plus attaching bonus, if applicable) will be payable in one lump sum if TPD occurs before age 65.||Policy will terminate after the claim is paid out.|
Upon Critical Illness (CI)
(other than Angioplasty)
|100% of Sum Assured (plus attaching bonus, if applicable) of the main plan will be accelerated||Policy will terminate after the claim is paid out.|
Upon Critical Illness (CI)
|10% of Sum Assured (plus attaching bonus, if applicable) of the main plan will be accelerated||We will advise you of the revised premium for the reduced sum assured.|
Please refer to the Policy Contract for the exact terms and conditions.
The definitions of the exclusions are stated in the policy contract. Please refer to the policy contract.
|Main Plan||Available Critical Illness Benefit Rider|
|DIRECT- Great Life 70||DIRECT – Great Critical Care 70|
|DIRECT- Great Life 85||DIRECT – Great Critical Care 85|
|DIRECT – Great Term||DIRECT – Great Critical Care|
|DIRECT – Great 5yr Term||DIRECT – Great 5yr Critical Care|
|(1) Major Cancers||(16) Muscular Dystrophy|
|(2) Heart Attack of Specified Severity||(17) Parkinson’s Disease|
|(3) Stroke||(18) Surgery to Aorta|
|(4) Coronary Artery By-pass Surgery||(19) Alzheimer's Disease / Severe Dementia|
|(5) Kidney Failure||(20) Fulminant Hepatitis|
|(6) Aplastic Anaemia||(21) Motor Neurone Disease|
|(7) End Stage Lung Disease||(22) Primary Pulmonary Hypertension|
|(8) End Stage Liver Failure||(23) HIV Due to Blood Transfusion and Occupationally Acquired HIV|
|(9) Coma||(24) Benign Brain Tumour|
|(10) Deafness (Loss of Hearing)||(25) Viral Encephalitis|
|(11) Heart Valve Surgery||(26) Bacterial Meningitis|
|(12) Loss of Speech||(27) Angioplasty & Other Invasive Treatment for Coronary Artery|
|(13) Major Burns||(28) Blindness (Loss of Sight)|
|(14) Major Organ / Bone Marrow Transplantation||(29) Major Head Trauma|
|(15) Multiple Sclerosis||(30) Paralysis (Loss of Use of Limbs)|
*The Life Insurance Association Singapore (LIA) has standard Definitions for 37 severe-stage Critical Illnesses (Version 2014). These Critical Illnesses fall under Version 2014. You may refer to www.lia.org.sg for the standard Definitions (Version 2014). Definitions and details of the above Critical Illnesses are also available in the policy contract.
For Angioplasty & Other Invasive Treatment for Coronary Artery ("Angioplasty"), the basic sum assured equal to 10% of the rider sum assured (up to a maximum of S$25,000 per Life Assured) (together with any bonuses applicable, if the main plan is a whole life plan) will be payable if the Life Assured undergoes a treatment. After a claim is paid, the balance of the rider sum assured and balance of the basic sum assured with reduced premiums will continue. No benefit for Angioplasty will be payable for subsequent treatments under this and any other policies and riders covering Angioplasty.
Policy Servicing Matters
Please refer to “Your Servicing Guide” attached for more information.
|Type of Plans||What will happen to my policy?|
If premiums are not paid on time, your policy will lapse (after 30 days grace period).
However, reinstatement of the policy is allowed within 6 months from the lapse date and usual reinstatement conditions apply.
|Whole Life Plans||
If premiums are not paid on time, your Policy may lapse (after 30 days grace period) depending on the net surrender value.