This plan can be purchased directly from our online portal, or at Income branches. It is not available for sale through other distribution channels and no financial advice will be provided.
Apply for DIRECT – Whole Life now via LIME or our online portal.
Alternatively, you can also visit us at an Income branch.
Here’s what you get with DIRECT – Whole Life.
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Stay protected against death, terminal illness, and total and permanent disability (TPD before age 65) with a sum assured from $50,000 to $200,000[1].
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Choose if you want to pay your premiums up to age 69 (last birthday) or up to age 84 (last birthday).
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Receive bonuses[2] based on the performance of the Life Participating Fund.
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Add a rider[3] to get protection against dread diseases.
Need more protection? Enhance your coverage with a rider.
DIRECT – Dread Disease Rider for Whole Life
You will receive the sum assured and the bonuses accumulated[2] from the Direct-Whole Life Policy if you are diagnosed with a dread disease[4].
Your policy toolkit. 18/5
Eligibility and payment frequency
Payment period | Minimum entry age (last birthday) | Maximum entry age (last birthday) |
Until age 69 | 18 | 59 |
Until age 84 | 18 | 64 |
You can make your payments monthly, quarterly, half-yearly, or yearly.
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Footnotes
- The maximum sum assured per insured for all DIRECT products (DIRECT – Term (renewable), DIRECT – Term (non-renewable) and DIRECT – Whole Life), regardless of the number of policies purchased with Income, is $400,000; with a maximum sub-limit of $200,000 sum assured for DIRECT – Whole Life.
- Bonus rates are not guaranteed and the benefits payable will vary according to the future performance of the Life Participating Fund.
- The sum assured of the DIRECT – Dread Disease Rider for Whole Life must be equal to the sum assured of the basic policy that is, DIRECT – Whole Life.
- The full definition of each dread disease covered and the circumstances in which you can claim are stated in the policy contract.
If the insured is diagnosed with a specified dread disease (except angioplasty and other invasive treatment for coronary artery), we will pay the sum assured. We will also pay any bonuses of its DIRECT – Whole Life policy. The DIRECT – Whole Life policy and this rider will end after this payment.
For angioplasty and other invasive treatment for coronary artery, we will pay 10% of the sum assured, subject to a maximum amount of $25,000 (inclusive of any corresponding bonuses of its DIRECT Whole Life policy). The benefit for angioplasty and other invasive treatment for coronary artery will end once we make this payment. The rider will continue with a reduced sum assured.
Any payment made under this rider will form an accelerated payment, and reduce the sum assured and any bonuses of its DIRECT – Whole Life policy.
We will not pay this benefit if the insured suffered symptoms of, had investigations for, or was diagnosed with the disease any time before or within 90 days from the date we issue the rider, include or increase any benefit, or reinstate the rider (whichever is the latest) for major cancers, heart attack of specified severity, coronary artery by-pass surgery, or angioplasty and other invasive treatment for coronary artery.
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 Direct Purchase Insurance (DPI) in the policy conditions for DIRECT Whole Life and DIRECT Whole Life (Dread Disease Rider). All our products are developed to benefit our customers but not all may be suitable for your specific needs. DPI may not be suitable for you if you are unsure about which type of DPI or how much coverage to buy as no financial advice is provided during the purchase process. In such a case, we strongly encourage you to seek advice from a qualified insurance adviser who will be able to advise you on a suitable product. 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.
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