For Individuals

Life & Health

Here’s the thing: we can’t be sure of what the future will bring. But with our whole life plans, Aviva can take away that burden of uncertainty.

Our comprehensive life-long insurance coverage gives you the assurance you need at a price you can afford.

MyLifeChoice

 

In life, there are many surprises. Some are happy and some, not. Whatever the surprises in life, you need a plan that will grow and change with you.

MyLifeChoice's Guaranteed Extra Protection1 option provides the choice to increase your insurance protection cover when you reach key milestones in life, such as marriage, starting a family or even upon graduation - without providing any evidence of health1.

MyLifeChoice's benefits:

  • Increase your coverage at key life events without providing evidence of health1
  • Enjoy coverage of up to 275% of the Sum Assured.
  • Guaranteed higher lump sum payout2 upon claim.
  • Supplements retirement fund through lump sum withdrawal3.
  • Optional Critical Illness and Total and Permanent Disability riders for coverage till age 99 and 70 next birthday, respectively.

High protection offers good value for money
MyLifeChoice's Minimum Protection Value (MPV)2 assures you for up to 275% of the Sum Assured in the case of death, Critical Illness6 or Total and Permanent Disability6, ensuring your hard-earned dollars are stretched further.

Short-term payment for long-term coverage
You can choose to pay over 15, 20 or 25 years or until the age of 80 years age next birthday.

Know your financial commitments upfront
MyLifeChoice guarantees a level premium4 throughout premium payment term, so you are well informed of your financial commitment from the start.

High protection, bonus payouts and easy access to savings
With MyLifeChoice, your monthly premiums will grow into savings over time. You will also have the access to these savings upon retirement3. What’s more, bonuses paid over time will contribute to your retirement nest egg.

Continuous cover, even if you lose your job
If this happens, simply contact us and we’ll put your premium payments on hold for a year5 and you will still be covered. 

 

Your first policy should offer the best value for money

  • John is 30 and will be getting married soon. As his financial commitments will increase after marriage, he is looking for an affordable, first life policy to insure himself. He wants a plan that offers high protection, constant savings and bonus payouts, which will help him with retirement planning.

    John starts with MyLifeChoice. He chooses a Sum Assured (SA) of S$150,000 at a level premium4 of S$336.20 per month, payable over 20 years. During these 20 years, he is able to get 200% of the Sum Assured (S$300,000) through Minimum Protection Value (MPV)2. Not only does he receive high protection during the initial years, the accumulated bonuses also help him save for later years. Upon retirement, he has the option to withdraw the savings3.
    Here's how it works:


    individual-MyLifeChoice_case1a

    When John gets married and starts a family few years later, he uses the Guaranteed Extra Protection1 option to increase his coverage, without providing evidence of health.
    Here’s how it works:


    individual-MyLifeChoice_case1b

     

    Where:
    • SA: Sum Assured.
    • Maturity Benefit is equivalent to Sum Assured plus accumulated bonuses, less any indebtedness.
    • MPV: Minimum Protection Value (equivalent to 200% of Sum Assured for Life Assured with entry age 30 next birthday, applicable for first 20 policy years).
    • Premium stated above includes cover for death, Critical Illness benefit and Total and Permanent Disability benefit.
    • Projected accumulated bonus (which is not guaranteed) is for illustration purposes only. For details, please refer to the Product Summary.
    • If savings3 are withdrawn upon age 65, the Maturity Benefit will no longer apply.

     


    John was attracted to:
    • 200% of the Sum Assured during initial years, when he needs it most.
    • Higher Protection along with savings for his retirement.
    • Flexibility to increase coverage via the Guaranteed Extra Protection1 option without providing evidence of health.

High Protection with savings for your child

  • Mr. and Mrs. Lim have just had their first child - Rachel. Being new parents, they want to start saving early for Rachel's future.

    Before Rachel's first birthday, they purchase MyLifeChoice with a Sum Assured (SA) of S$100,000 at a level premium4 of S$98.65 per month. This is to be paid over the next 20 years.

    During these 20 years, Rachel is able to get 275% of the Sum Assured (S$275,000) through Minimum Protection Value (MPV)2. Not only does she receive high protection in the initial years, the bonuses also add to her savings for later years.

    On Rachel's 21st birthday, Rachel's parents will gift this policy to her.
    Here's how it works:
    individual-MyLifeChoice_case2a

    Once Rachel is gifted this policy, she uses the Guaranteed Extra Protection1 option to increase protection cover upon graduation without providing evidence of health.
    Here’s how it works:

    individual-MyLifeChoice_case2b

     

    Where:
    • SA: Sum Assured.
    • Maturity Benefit is equivalent to Sum Assured plus accumulated bonuses, less any indebtedness.
    • MPV: Minimum Protection Value (Value (equivalent to 275% of Sum Assured for Life Assured with entry age 1 next birthday).
    • Premium stated above includes cover for death, Critical Illness benefit and Total and Permanent Disability benefit.
    • Projected accumulated bonus (which is not guaranteed) is for illustration purposes only. For details, please refer to the Product Summary.
    • If savings3 are withdrawn upon age 65, the Maturity Benefit will no longer apply.

     


    Mr. and Mrs. Lim were attracted to:
    • 275% of the Sum Assured during initial years
    • Short-term payment for long-term coverage
    • Protection and savings in one plan, which can be given as a gift to Rachel when she turns 21.


1  You will be able to purchase new term protection coverage for death or Terminal Illness benefit with extra premium payable, without providing evidence of health. The Policyholder may opt for this option at each of the following key life events: (a) the Life Assured marries or divorce (i.e. change of marital status) (b) the Life Assured becomes a parent and has a new born child, or legally adopts a child (i.e. adding a new child member to the immediate family) (c) the Life Assured graduates from tertiary education. This option can be taken up to 50% of MyLifeChoice basic Sum Assured, or up to a maximum of S$250,000 per life, whichever is lower. This is irrespective of the number of MyLifeChoice Policies the Life Assured may have. This option is extended to standard life only.

2  Applicable for a period of first 20 policy years or up to the Policy Anniversary when the Life Assured attains age 65 next birthday, whichever is earlier.

3  The Life Assured is given the option to withdraw a lump sum at the Policy Anniversary when the Life Assured attains age 65 or at any Policy Anniversary thereafter before the policy matures. Policyholder may submit the request to withdraw once per policy. This option is only available after the premiums for the MyLifeChoice basic policy have been fully paid at the end of the premium payment term, provided no indebtedness upon the request for the Advance Cash Withdrawal. The lump sum amount is not guaranteed and the amount is determined at our discretion at the time when you request to exercise this option. If this option is exercised, the Maturity Benefit will no longer apply.

4  Premium for optional riders that cover Critical Illnesses benefit is not guaranteed.

5  This refers to Waiver of Interest Benefit, provided the policy has cash value to cover the total outstanding premiums. Please refer to Product Summary for details.

6  Critical Illness and Total and Permanent Disability are optional riders.
 

The policy is underwritten by Aviva Ltd.

The information on this page is published for general information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. A product summary in relation to MyLifeChoice is available and may be obtained from Aviva Ltd and the participating distributors' offices. You should read the Product Summary before deciding whether to purchase the policy. You may wish to seek advice from a financial adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. Buying a life insurance policy 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. Full details of the standard terms and conditions of this plan can be found in the relevant policy contract.
 

 

 

MyLifeChoice

icn-pdf MyLifeChoice Brochure

Please contact your preferred Financial Advisor for a copy of the relevant Product Summary/ies.

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MyWholeLifePlan

 

Aviva’s MyWholeLifePlan is a lifetime insurance plan that offers high comprehensive coverage and flexible benefits at an affordable price.

With MyWholeLifePlan, the premiums you pay will accumulate a cash value, in addition to an insurance plan protecting you against death and terminal illness. This plan can be enhanced at various milestones, according to your needs.

MyWholeLifePlan’s benefits:

  • Coverage for Death and Terminal Illness as long as you live1
  • Enjoy high coverage of 3 times or 4 times the chosen Sum Assured up to age 702
  • Accumulate cash value and bonuses while you enjoy the coverage3
  • Choice of 10, 15 or 25 years premium term options4
     

Enjoy an additional string of benefits:

  • Flexible Income Payout Option5
    Option to enjoy a monthly income stream up to age 99 to supplement your retirement needs, while your bonuses continue to grow.
     
  • Guaranteed Extra Protection (GEP) Option6
    Option to increase your insurance protection coverage when you reach key milestones in life such as marriage, starting a family or even upon graduation - without further health underwriting.
     
  • Put your premiums on hold when you lose your job and get waiver of interest7
    Get continuously covered even when you lose your job. If this ever happens, contact Aviva; we’ll put your premium payments on hold for a year and also waive the incurred interest.
     

Footnotes:

  1. MyWholeLifePlan 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.
     
  2. MyWholeLifePlan offers a choice to enhance the Basic Benefits of death and Terminal Illness by 3 times or 4 times the Sum Assured, including its optional Supplementary Benefits such as the TPD Advance Cover, CI Advance Cover and Early CI Advance Cover riders. This enhanced coverage will start from policy inception, and end at the policy anniversary when the Life Assured attains 70 age next birthday (ANB). Thereafter, the Life Assured will continue to enjoy coverage; refer to Product Summary for details.
     
  3. MyWholeLifePlan accumulates guaranteed and non-guaranteed cash value from the start of the 3rd policy year as long as the premiums are paid up to date. The non-guaranteed cash value is accumulated in a form of Reversionary Bonus (declared annually) and Terminal Bonus. Reversionary bonus is non-guaranteed, but once declared and vested, it forms part of the guaranteed benefit of the Policy. Terminal Bonus is also non-guaranteed, and it may be paid out partially (together with the Reversionary Bonus) when the policyowner surrenders the policy. Projected Bonuses are made up of accumulated Reversionary Bonus and Terminal Bonus (if any). The Reversionary Bonus and Terminal Bonus are non-guaranteed bonuses and depend on the performance of Aviva Ltd’s Participating Fund. The non-guaranteed benefits are projected based on the estimated bonus rates and actual benefits payable will depend on the future performance of the Life Participating Fund. Please refer to the Product Summary for more details.
     
  4. Premium for the basic plan and the optional Total and Permanent Disability Advance Cover rider are level and guaranteed. Premiums for the optional Early Critical illness Advance Cover and Critical Illness Advance Cover riders are level but not guaranteed.
     
  5. This option is available to Life Assured from the policy anniversary when the Life Assured turns 65 ANB or at the end of the premium payment term, whichever is later. Payout starts one month from the Exercise Age and must meet the minimum monthly income requirement. The Exercise Age is the next Monthly Anniversary Date after the Income Payout Option has been exercised, and it is the start of the payout term for the monthly income. The Monthly Anniversary Date is the day in each succeeding month corresponding to the Policy Effective Date, or if such date does not exist, then the last day of that month. The actual income payout would be based on the following:
     
    1. The guaranteed cash surrender value available at the date when this option is exercised (less any amounts owing to Aviva);
    2. The proportion (in percentage) of the guaranteed cash value available that the policyholder would like to utilize for this option (up to 80% of the guaranteed cash value available);
    3. The payout term, which is the period of time that the policyholder starts to receive the monthly income (by exercising this option) also known as the “Exercise Age”, and when the policyholder chooses to stop receiving it (i.e. the Payout End Age); and
    4. The minimum monthly income allowed is fifty dollars (S$50).

       

      After this option has been exercised, this Policy will continue to provide the Death Benefit, and Cash Surrender Value (via the surrender benefit), adjusted for the monthly income paid. You will also continue to enjoy the Reversionary Bonus (declared on the basic Sum Assured) and Terminal Bonus. Please refer to Product Summary for more details.
  6. Applicable to Life Assured only. The Life Assured will be able to purchase new term protection coverage for death or Terminal Illness benefit with extra premium payable, without providing evidence of health. The Policyholder may opt for this option within 90 days from each of the following key life events: (a) the Life Assured marries or divorce (i.e. change of marital status) (b) the Life Assured becomes a parent and has a new born child, or legally adopts a child (i.e. adding a new child member to the immediate family) (c) the Life Assured graduates from tertiary education. This option can be taken up to 50% of MyWholeLifePlan basic Sum Assured, or up to a maximum of S$250,000 per life, whichever is lower.

     

    This limit includes all policies that offer such similar option that the Life Assured may have with Aviva Ltd. This option is extended to standard life only. Proof of life stages is required. Please refer to the Product Summary on the list of life stages events applicable and the Term and Conditions.

     
  7. This refers to the Waiver of Interest Benefit for Policyholder aged 19 to 75 age next birthday, provided the policy has cash value to cover the total outstanding premiums. Proof of unemployment is required. For more details and Terms and Conditions, please refer to Product Summary.
     

The policy is underwritten by Aviva Ltd.

This information is published for general information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. A copy of the Product Summary may be obtained from Aviva Ltd and the participating distributor’s offices. You should read the Product Summary before deciding whether to purchase the policy. You may wish to seek advice from a financial adviser, before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. This is not a contract of insurance. Full details of the standard terms and conditions of this plan can be found in the relevant policy contract. Buying a life insurance 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.

Information is accurate as at April 2016.

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 us or the Life Insurance Association Singapore or SDIC website (www.lia.org.sg or www.sdic.org.sg).

 

 

Enhance your coverage by adding these riders8:

Early Critical Illness Advance Cover and Critical Illness Advance Cover
Enjoy lifetime critical illness protection with high coverage – right from early stage

Premium Waiver Benefits
Add this rider to waive all the premiums for the plan if the unfortunate happens to you

Total and Permanent Disability Advance Cover
Enjoy high coverage of 3 times or 4 times the Sum Assured when you suffer from Total and Permanent Disability up to age 70

 


 

 

Footnotes:

8. For more details, please refer to their respective Product Summaries.
 

The policy is underwritten by Aviva Ltd.

This information is published for general information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. A copy of the Product Summary may be obtained from Aviva Ltd and the participating distributor’s offices. You should read the Product Summary before deciding whether to purchase the policy. You may wish to seek advice from a financial adviser, before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you. This is not a contract of insurance. Full details of the standard terms and conditions of this plan can be found in the relevant policy contract. Buying a life insurance 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.

Information is accurate as at April 2016.

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 us or the Life Insurance Association Singapore or SDIC website (www.lia.org.sg or www.sdic.org.sg).

 

 

MyWholeLifePlan

icn-pdf MyWholeLifePlan Brochure

Please contact your preferred financial adviser representative to find out more.

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MyWholeLifePlan II

 

Aviva's MyWholeLifePlan II is a lifetime insurance plan that offers high comprehensive coverage plus accumulated cash value and bonuses to protect you against death and terminal illness and helps you to save at the same time.

This plan offers you great flexibility and various options to choose from, at an affordable price.

MyWholeLifePlan II’s benefits:

  • Lifetime coverage for Death and Terminal Illness1
  • Enjoy high coverage of 2, 3 or 4 times the chosen Sum Assured up to age 702
  • Accumulate cash value and bonuses while you enjoy the coverage3
  • Choice of premium term: 10, 15, 20 or 25 years4
     

Additional Benefits:

  • Flexible Income Payout Option5 — enjoy a monthly income stream up to age 99 to supplement your retirement needs, while your bonuses continue to grow
     
  • Guaranteed Extra Protection (GEP) Option6 — increase your insurance protection coverage when you reach key milestones in life such as marriage, without further health underwriting
     
  • If you lose your job, put your premiums on hold and enjoy interest waiver7 — ensure that your coverage continues while you look for a new job.
     

Footnotes:

  1. MyWholeLifePlan II 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.
  2. MyWholeLifePlan II offers a choice to enhance the Basic Benefits of Death and Terminal Illness by 2 times, 3 times or 4 times the Sum Assured, including its optional riders such as the Total and Permanent Disability Advance Cover II, CI Advance Cover II and Early CI Advance Cover II. This enhanced coverage will start from policy inception, and end at the policy anniversary when the Life Assured attains 70 age next birthday (ANB). Thereafter, the Life Assured will continue to enjoy coverage without Enhanced Cover; refer to the Product Summary for more details.
  3. MyWholeLifePlan II accumulates guaranteed and non-guaranteed cash value from the start of the 3rd policy year as long as the premiums are paid up to date. The non-guaranteed cash value is accumulated in a form of Reversionary Bonus (declared annually) and Terminal Bonus and will depend on the performance of Aviva Ltd’s Participating Fund. Please refer to the Product Summary for more details.
  4. Premium for the basic plan, the optional riders Total and Permanent Disability Advance Cover II and Payer Premium Waiver Benefit riders are level and guaranteed. Premiums for the optional riders Early CI Advance Cover II, CI Advance Cover II, Critical Illness Premium Waiver, Payer Critical Illness Premium Waiver and MultiPay CI Cover II riders are level but not guaranteed.
  5. This option is available to Life Assured from the policy anniversary when the Life Assured turns 65 ANB or at the end of the premium payment term, whichever is later. Payout starts one month from the Exercise Age and must meet the minimum monthly income requirement. Please refer to the Product Summary for more details.
  6. Applicable to Life Assured only. The Life Assured will be able to purchase new term protection coverage for Death or Terminal Illness benefit with extra premium payable, without providing evidence of health. This option can be taken up to 100% of MyWholeLifePlan II basic Sum Assured, or up to a maximum of S$300,000 per life, whichever is lower. This limit includes all policies that offer such similar option that the Life Assured may have with Aviva Ltd. This option is extended to standard life only. Proof of life stages is required. Please refer to the Product Summary for the key events and details.
  7. This refers to the Waiver of Interest Benefit for Policyholder aged 19 to 75 ANB, provided the policy has cash value to cover the total outstanding premiums. Proof of unemployment is required. Please refer to the Product Summary for more details.

 

 

Optional riders4 for enhanced coverage

MultiPay Critical Illness Cover II is designed to provide you with up to 5 lump sum payouts, totaling to 500% of the chosen Sum Assured to cover the various stages of critical illnesses such as cancer, stroke and heart attack.

Moreover, should the conditions8 recur – a fairly common occurrence– you will have the comfort and reassurance of the multiple payouts.

Payouts from this rider will not reduce the coverage of MyWholeLifePlan II.

individual-wholeLife-ii-riders

* The CIs claimable under Early or Intermediate Stage are grouped into 3 categories. They are:
Group 1: for Early Cancer and illnesses relating to major organs.
Group 2: for Heart-related illnesses
Group 3: for Illnesses related to the nervous system and other systemic conditions.

You can make one claim from each group (up to a maximum of two claims) if you are diagnosed with CI (s) that falls under Early or Intermediate Stage. There is no waiting period in between the two claims. Please refer to the Product Summary for details.

Early Critical Illness Advance Cover II15
If you are diagnosed with early or intermediate stages of covered critical illnesses such as cancer, stroke or dementia, you can receive advance payouts of up to S$500,000 (capped at S$250,000 per claim, per critical illness), depending on the chosen Sum Assured.

  • Lifetime critical illness protection with the same enhanced coverage of MyWholeLifePlan II up to age 702
  • Special Benefit (up to 6 times) – Get an additional 20% of the chosen Sum Assured, if you suffer from any of the 24 medical conditions such as diabetic complications or autism

Critical Illness Advance Cover II
Lifetime critical illness protection against 36 major Critical Illnesses. You can get advance payout and enjoy the same enhanced coverage of MyWholeLifePlan II up to age 70.

Total and Permanent Disability Advance Cover II
Get lifetime coverage and receive advance payout if you suffer from Total and Permanent Disability. You can enjoy the same enhanced coverage of MyWholeLifePlan II up to age 70.

Premium Waiver Riders
Add Premium Waiver riders to your MyWholeLifePlan II to waive all future premiums for this plan if the unfortunate happens.

For more details, please refer to the respective Product Summaries.

 

 

Footnotes:

2. MyWholeLifePlan II offers a choice to enhance the Basic Benefits of Death and Terminal Illness by 2 times, 3 times or 4 times the Sum Assured including its optional riders such as the Total and Permanent Disability Advance Cover II, CI Advance Cover II and Early CI Advance Cover II. This enhanced coverage will start from policy inception and end at the policy anniversary when the Life Assured attains 70 age next birthday (ANB). Thereafter, the Life Assured will continue to enjoy coverage without Enhanced Cover; refer to Product Summary for details.

4. Premiums for the basic plan and the optional riders Total and Permanent Disability Advance Cover II and Payer Premium Waiver Benefit are level and guaranteed. Premiums for the optional riders Early CI Advance Cover II and CI Advance Cover II, Critical Illness Premium Waiver, Payer Critical Illness Premium Waiver and MultiPay CI Cover II are level but not guaranteed.

8. The recurring conditions refer to Re-diagnosed Cancer, Recurrent Heart Attack and Recurrent Stroke. Re-diagnosed Cancer means cancer for which any of the following conditions are met:

  1. The Major Cancer persists for more than 2 years since first diagnosis;
  2. The Major Cancer relapses, that is, though recovered temporarily (in remission), the same Major Cancer recurs at the same organ as the preceding Major Cancer;
  3. Metastasis of the preceding Major Cancer to other parts of the body; or
  4. The new Major Cancer unrelated to the preceding Major Cancer.

 Re-diagnosed Cancer must be confirmed by a Specialist on the basis of histopathological diagnosis.

Recurrent Heart Attack is defined as a separate Heart Attack and not a progression of the previous one(s). The diagnosis must be supported with fresh evidence based on the criteria set out in the definition of Heart Attack of Specified Severity (LlA definition).

Recurrent Stroke is defined as a separate Stroke and not a progression of the previous one(s). The diagnosis must be supported with fresh imaging evidence consistent with the diagnosis of the Stroke based on the criteria set out in the definition of Stroke (LlA definition).

Terms and conditions apply. Please refer to the Product Summary for details.

9. lf the Life Assured is first diagnosed to be suffering from any one of the Cl listed under Early or lntermediate Stage of Cl, 100% of the Sum Assured for each group will be payable in one lump sum. A claim may be made only once from each group up to a maximum of two (2) claims. There is no waiting period between two claims.

10. lf the Life Assured is diagnosed to be suffering from any one of the Severe Stage Cl listed under this benefit, 300% of the Sum Assured less any Early and / or lntermediate Cl claims paid previously will be payable in one (1) lump sum. Once a claim is made on Severe Stage Cl benefit, the Life Assured cannot claim on diagnosis of Early or lntermediate Stages of Cl. All future premiums of the rider are waived after this payout.

11. Upon diagnosis of first-time Major Cancers, Stroke, Heart Attack, Re-diagnosed Cancer, Recurrent Heart Attack, or Recurrent Stroke, 100% of the Sum Assured will be payable in one (1) lump sum. There is a two (2) years waiting period between Severe Stage Cl and First-time/Relapse Cl. This layer can only be claimed once. The Policy continues to remain in force after this payout is made.

12. This layer pays 100% of the Sum Assured in one (1) lump sum. The waiting period is 2 years from the date of diagnosis of previous condition which claimed under previous layer, except for claims for Re-diagnosed Cancer following first (1st) Re-diagnosed Cancer, where the 2 years is from the date of documentary proof of first (1st) Re-diagnosed Cancer. This layer can only be claimed once. The policy will terminate once the Total Benefit Payout i.e. 500% of Sum Assured is made.

13. If the Life Assured is diagnosed with any one of the conditions listed in the Product Summary, we will pay an additional 20% of the Sum Assured (capped at S$25,000 per life per condition) of the rider. Upon a claim of this Special Benefit, the Policy remains inforce. The payout of this Special Benefit does not reduce the CI Benefit Sum Assured or the Death Benefit. Each condition can only be paid once and a maximum of six (6) claims can be made under the Special Benefit.

14. We will pay 20% of Sum Assured if Life Assured did not make any claim before the policy anniversary when:

  1. Life Assured is 65 ANB (for policy term that covers up to 70 ANB) or
  2. Life Assured is 70 ANB (for policy term that covers up to 85 ANB).

 This payout does not reduce the Sum Assured of MultiPay CI Cover II.

15. Benefits are paid as an advancement of the Death Benefit if the Life Assured is diagnosed with the covered illness. The maximum benefit payable per life when the Life Assured is diagnosed with early or intermediate stage of CI is S$250,000 per claim per Critical Illness condition, and this maximum benefit payable is subject to a per life limit of S$500,000. Please refer to the Product Summary for more details.

 

MyWholeLifePlan II

icn-pdf MyWholeLifePlan II Brochure

Please contact your preferred financial adviser representative to find out more.

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