NTUC Income has just launched a new Cancer Premium Waiver (GIO) (WPV10), which is a non-participating, regular premium rider that waives future premiums on the policy for the remaining term of the rider upon diagnosis of the insured with any one of the major cancers after one year from the cover start date and during the term of the rider.
In addition, application for this rider is hassle-free and acceptance is guaranteed. There is no need for any medical check-up*.
This rider is available to specified GIO plans and can be attached to both first and third-party policies at policy inception.
The list of GIO plans Cancer Premium Waiver (GIO) rider is attachable to:
1. Limited Pay RevoSave (ANRP)
2. Limited Pay RevoSave 3-Pay-10 (ANRV)
3. Limited Pay RevoSave 5-Pay-10 (ANRE)
4. FlexRetire (FRR)
5. RevoSecure (RVGG)
6. VivoCash (VCGL)
* If Insured had consulted a doctor for, suffered symptoms of, was investigated for, was diagnosed with, or received medical treatment for any caner, including carcinoma-in-situ, before the cover start date, no benefit will be paid under the Cancer Waiver Rider, and the rider will be terminated.