Here’s how VivoChild protects your child’s future.
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Receive guaranteed cash benefits[1] at different stages of your child’s education. Have the option to spend the cash benefits or accumulate them with Income at an interest rate of up to 3.25% p.a.[2].
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Receive 100% of the sum assured and bonuses in the event of death or total and permanent disability of your child.
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Get a daily cash benefit[3] of $100 for up to 30 days per admission, if your child is hospitalised due to hand-foot-mouth disease, food poisoning or dengue.
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Enjoy additional bonuses[4] based on the performance of the Life Participating Fund.
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Secure your child’s future without having to pay premiums if you die, experience total and permanent disability (TPD before age 70) or are diagnosed with a dread disease[5] by adding the Enhanced Payor Premium Waiver.
Need more protection?
Enhance your coverage with riders.
Payor Premium Waiver
(Only applicable if the insured is not the policyholder)
You will not need to make future premium payments for the basic policy that you have bought for a loved one, if you pass away, or are totally or permanently disabled (TPD before age 70) during the term of the rider.
Enhanced Payor Premium Waiver[5]
(Only applicable if the insured is not the policyholder)
You will not need to make future premium payments for the basic policy that you have bought for a loved one, if you pass away, are totally or permanently disabled (TPD before age 70), or are diagnosed with dread disease[5] (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.
Dread Disease Premium Waiver
You will not need to make future premium payments for the basic policy if you are diagnosed with dread disease[6] (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.
Early Cancer Waiver
You will not need to make future premium payments for the basic policy if you are diagnosed with early-stage cancer[7] during the term of the rider.
Let us walk you through VivoChild.
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How VivoChild secures your child’s future
0 years oldMrs Lee, age 35, signs up for the plan for her newborn son, with a sum assured of $50,000 and a policy term of 22 years that will mature when the son is age 22 (last birthday). She pays a yearly premium of $4,511.40 for 10 years.
7 years oldSCENARIO 1
Mrs Lee accumulates her cash benefit1 of $2,500 with Income at an interest rate of up to 3.25% p.a.2.
SCENARIO 2
Mrs Lee receives cash benefit1 of $2,500.
12 years oldMrs Lee accumulates her cash benefit1 of $2,500 with Income at an interest rate of up to 3.25% p.a.2.
Mrs Lee receives cash benefit1 of $2,500.
16 years oldMrs Lee accumulates her cash benefit1 of $2,500 with Income at an interest rate of up to 3.25% p.a.2.
Mrs Lee receives cash benefit1 of $2,500.
18 years oldMrs Lee accumulates her cash benefit1 of $2,500 with Income at an interest rate up to 3.25% p.a.2.
Mrs Lee receives cash benefits1 of $2,500.
20 years oldMrs Lee accumulates her cash benefit1 of $15,000 with Income at an interest rate up to 3.25% p.a.2.
Mrs Lee receives cash benefit1 of $15,000.
21 years oldMrs Lee accumulates her cash benefit1 of $15,000 with Income at an interest rate up to 3.25% p.a.2.
Mrs Lee receives cash benefits1 of $15,000.
22 years oldUpon maturity of her policy, Mrs Lee can receive an illustrated maturity value of $86,0313 (illustrated yield at maturity: 3.72% p.a.3).
Upon maturity of her policy, Mrs Lee can receive a payout of $41,2013 (which consists of the guaranteed maturity benefit of $10,000 and non-guaranteed bonus of $31,0213). Together with the guaranteed cash benefits she had already received, her total illustrated payout is $81,2013 (illustrated yield at maturity: 3.79% p.a.3).
The above figures are for illustrative purposes only and are rounded to the nearest dollar.
The non-guaranteed figures above are based on the assumption that the Life Participating Fund earns a long-term average return of 4.75% p.a.
Should the long-term average return be 3.25% p.a., the total illustrated payout over 22 years would be $62,2364 if Mrs Lee chooses to receive the guaranteed cash benefits as a payout. The corresponding illustrated yield at maturity would be 2.12% p.a.4. If Mrs Lee chooses to accumulate all the cash benefits with Income, the total illustrated payout at maturity would be $64,6984, and the corresponding illustrated yield at maturity would be 2.07% p.a. 4.
1 You will start to receive the guaranteed cash benefit at specific policy anniversaries after the insured reaches certain milestone ages and only if premiums have been paid for at least one year. You will continue to receive the subsequent cash benefits during the policy term if the insured is still alive and your policy has not been converted to paid-up or ended.
2 Interest rate of 3.25% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
3 The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 4.75% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund.
4 The figures in the illustration are not guaranteed and are illustrated based on the assumption that the Life Participating Fund earns a long-term average return of 3.25% per annum in the future. Returns are illustrated based on estimated bonus rates that are not guaranteed. The actual benefit payable will vary according to the future performance of the Life Participating Fund. If cash benefits are accumulated with Income, the interest rate will be based on 1.75% per annum and it is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
© 2019 Income. All rights reserved.
Your policy toolkit. 18/5
Eligibility and payment frequency
Policy | Policy term up to age 20 | Policy term up to age 22 | ||||
Premium term | 5 years | 10 years | Full term except last 2 years | 5 years | 10 years | Full term except last 2 years |
Minimum entry age (last birthday) | 0 | 0 | 0 | 0 | 0 | 0 |
Maximum entry age (last birthday) | 11 | 8 | 11 | 11 | 10 | 11 |
You can make your payments monthly, quarterly, half-yearly, or yearly.
Policy conditions
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Footnotes
- You will start to receive the guaranteed cash benefit at specific policy anniversaries after the insured reaches certain milestone ages and only if premiums have been paid for at least one year. You will continue to receive subsequent cash benefits during the policy term and a maturity benefit at the end of the policy term if the insured is still alive and the policy has not ended.
- Interest rate of 3.25% per annum is not guaranteed. Prevailing interest rate at the point of deposit will be determined by Income.
- This hospital benefit only applies if the insured is hospitalised in a restructured or private hospital licensed in Singapore and can only be claimed once for each of these 3 conditions (hand-foot-mouth disease, food poisoning and dengue). The insured must have stayed in the hospital for at least 6 hours, unless (a) the hospital charges the insured for daily room and board; or (b) the surgery is a procedure listed in the Ministry of Health’s (MOH) table of surgical procedures.
- Bonus rates are not guaranteed and the benefits payable will vary according to the future performance of the Life Participating Fund.
- The Enhanced Payor Premium Waiver rider which is already added in the policy, can be removed if you do not require it or if you do not meet underwriting requirements.
- Dread Disease Premium Waiver and Enhanced Payor Premium Waiver
You can find the list of specified dread diseases and their definitions in their respective policy contracts. We will not pay this benefit if the insured is diagnosed with the disease within 90 days from the date we issue the rider, include or increase any benefit, or reinstate the rider (whichever is latest) for major cancers, heart attack of specified severity and coronary artery by-pass surgery, angioplasty and other invasive treatment for coronary artery or other serious coronary artery disease. For angioplasty and other invasive treatment for coronary artery, we will pay 10% of the rider sum assured, subject to a maximum amount of $25,000. The benefit for angioplasty and other invasive treatment for coronary artery will end once we make this payment, and the sum assured of the rider will be reduced accordingly after the payment.
For Dread Disease Premium Waiver and Enhanced Payor Premium Waiver, the premium waiver benefits do not apply for angioplasty and other invasive treatment for coronary artery. - You can find the list of specified early-stage cancers and their definitions in the policy contract. We will not pay this benefit if the insured suffered symptoms of, had investigations for, or was diagnosed with the disease within 90 days from the date we issue the rider, include or increase any benefit, or reinstate the rider (whichever is latest). The insured must survive for at least 30 days from the date of diagnosis before we pay this benefit.
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 contract. 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 21 September 2023.
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