Senior Plan

Here’s how Senior Plan protects you. KK

Stay protected for life against death and total and permanent disability (TPD before age 70) with a short 10-year premium term.
Guaranteed acceptance regardless of your health condition[1].
Receive bonuses[2] based on the performance of the Life Participating Fund.

Here's how Senior Plan works.

You must be 49 to 69 years old to apply for Senior Plan. Your coverage amount for death or total and permanent disability (TPD before age 70) depends on when the event occurs.

When the death or total and permanent disability happens	Benefit
During the 1st policy year	20% of sum assured
During the 2nd policy year	40% of sum assured
During the 3rd policy year	60% of sum assured, and 100% of bonuses[2]
During the 4th policy year	80% of sum assured, and 100% of bonuses[2]
During and after the 5th policy year	100% of sum assured, and 100% of bonuses[2]

However, if the total premiums paid are more than the benefit shown in the table, the premiums paid will be refunded to you instead.

Find the plan that’s right for you.

Whole Life Insurance

Senior Plan 10 May

Coverage for my whole life Test 19/5
Designed for seniors 123QQ
Guaranteed acceptance 123
Regular premium payment
AAATotal and permanent disability protection

Compare with

Term Life Insurance

Coverage to up to age 100
Guaranteed renewal when policy expires 777
Terminal illness protection XP 13 may
Regular premium payment

Learn more

Your policy toolkit. 18/5

Eligibility and payment frequency

The entry age is from 49 to 69 years old.
You only need to pay premiums for 10 years.
You can make your payments monthly, quarterly, half-yearly, or yearly.

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Important notes

Footnotes

Acceptance is guaranteed as long as you have not been hospitalized in the past 12 months from the date of application.
Bonus rates are not guaranteed and will vary according to the future performance of the Life Participating Fund.

Exclusions

There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.

Important Notes

This is for general information only. You can find the usual terms and conditions of this plan in the policy conditions. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance adviser. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. Buying a life insurance plan is a long-term commitment on your part. If you cancel your plan prematurely, the cash value you receive may be zero or less than the premiums you have paid for the plan.

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 Income or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Information is correct as of 23 July 2019.

Information is correct as of 8 February 2024.

Senior Plan 10 May

Whole Life Insurance

Here’s how Senior Plan protects you. KK

Here's how Senior Plan works.