New Silver Protect to cover early stage cancer, fractures, hospice care and death

NTUC Income has launched another great term insur­ance plan “Sil­ver Pro­tect” spe­cially for those from 50 years to 74 years old to cover the following:-

  • Early stage can­cers — 25% of the sum assured upon dia­gnosis of an early stage can­cer. Sum assured will not be reduced by this payout.
  • Advanced stage can­cers — 100% of the sum assured upon dia­gnosis of an advanced stage can­cer. If there was no claim made for an early stage can­cer bene­fit, addi­tional 25% of the sum assured will be paid. All future premium pay­ments will be waived.
  • Acci­dental frac­tures — Up to 20% of the sum assured in the event of an acci­dental frac­ture. The amount of bene­fit pay­able is depend­ent on the site of the fracture.
  • Hos­pice care in the event of ter­minal can­cer — Up to 15% of the sum assured for hos­pice and pal­li­at­ive care in the event of ter­minal cancer.
  • Acci­dental death — 100% of the sum assured in the event of acci­dental death. If due to a restric­ted activ­ity, 30% of the sum assured will be paid instead.
  • Non-accidental death — $5,000 in the event of death not due to an acci­dent. If it hap­pens within one year from the cover start date, 100% of the total premi­ums paid will be refun­ded instead.

The sum assured offered are $50,000, $80,000 for $100,000 and renewal is guar­an­teed every 10 years till age 84. NTUC Income may provide cover even if you have exist­ing non-cancer related med­ical conditions.

New Cancer Protect Term Insurance from NTUC Income

Can­cer Pro­tect is a reg­u­lar premium non-participating term insur­ance plan which provides cov­er­age for early stage and advanced stage of major can­cers. It also offers pro­tec­tion against death (non-accidental) and acci­dental death.

Sum Assured is fixed at $50,000, $80,000 and $100,000. The min­imum entry age is 30 years (last birth­day) and the max­imum entry age is 64 years (last birthday).

It is guar­an­teed renewal every 10 years and the policy can be renewed up till age 84.

Can­cer Pro­tect covers:-

  • Early-stage can­cer – 25% of the sum assured. Only pay once only, even if the policy is renewed.
  • Advanced stage can­cer — 100% of the sum assured if we have already paid a claim on early stage of major can­cers bene­fit. 125% of the sum assured if no early stage can­cer claim.
  • Non-accidental death — 100% of the total premi­ums paid if death hap­pens within one year from the cover start date; or $5,000 if death hap­pens after one year from the cover start date.
  • Acci­dental death
    • Age 69 and below, 100% of sum assured or 30% of sum assured if per­form­ing restric­ted activ­ity at time of accident.
    • Age 70 and above, 100% of the total premi­ums paid if death hap­pens within one year from the cover start date; or $5,000 if death hap­pens after one year from the cover start date.

How­ever, if the cause of acci­dental death is excluded, only 100% of the total premi­ums paid if death hap­pens within one year from the cover start date; or $5,000 if death hap­pens after one year from the cover start date. This bene­fit is pay­able only if death hap­pens within 365 days of the accident.

You can find the detailed cov­er­age in the Policy Con­di­tion doc­u­ment here at http://www.income.com.sg/forms/insDocument/CancerProtect.pdf.

NTUC Income New Whole-life Comprehensive Critical Illness Vivocare 100

NTUC Income has just launched Vivo­c­are 100. It is a com­pre­hens­ive lim­ited premium, whole-life insur­ance cov­er­age against the unex­pec­ted such as death, Total Per­man­ent Dis­ab­il­ity (TPD) and extens­ive range of 100 med­ical con­di­tions for Spe­cial, Juven­ile, Early, Inter­me­di­ate and Advanced stages of Dread Diseases.

Vivo­c­are  100 covers

  • Death and Ter­minal Ill­ness – 300% Remain­ing of Sum Assured up till 65 years old, 100% of Remain­ing Sum Assured with bonuses from 65 years old onwards;
  • 32 Early-stage dread dis­eases - 50% of Remain­ing Sum Assured or up to max­imum $75K. Sub­sequent claim with total claims shall not exceed 50% of the Remain­ing Sum Assured. 7 days sur­vival period applies. Whole-life coverage;
  • 28 Intermediate-stage dread dis­ease - 100% of remain­ing Sum Assured plus bonuses or up to max­imum $150K (new dread dis­ease) or the dif­fer­ence for the same early-stage dread dis­ease already claimed within the wait­ing period of 6 months. Premium and Sum Assured are reduced upon claim. Whole-life coverage;
  • 30 Advanced stages of Dread Dis­eases — 100% of Remain­ing Sum Assured plus bonuses, or the dif­fer­ence for the same early-stage dread dis­ease already claimed within the wait­ing period of 6 months. Whole-life coverage;
  • Total Per­man­ent Dis­ab­il­ity — 100% of Remain­ing Sum Assured plus bonuses. Till 65 years old;
  • Spe­cial Dread Dis­eases — Angioplasty, Dia­betic Com­plic­a­tions, Severe Osteo­porosis, Severe Rheum­at­oid Arth­ritis, Dengue Hem­or­rhagic Fever, Sys­temic Lupus Eryth­em­atosus, Crohn’s Dis­ease, Ulcer­at­ive Colitis, Breast Recon­struct­ive Sur­gery and Pheo­chromo­cyt­oma. Till age 85. Extra 20% of Sum Assured given, up to $30K per con­di­tion, up to 5 con­di­tions per policy. 7 days sur­vival period applies;
  • Juven­ile Bene­fits – Osteo­gen­esis Imper­fecta, Severe Hae­mo­philia, Insulin Depend­ent Dia­betes Mel­litus, Kawa­saki Dis­ease, Rheum­atic Fever with Valv­u­lar Impair­ment, Type Juven­ile Spinal Amyotrophy, Wilson’s Dis­ease, Sys­temic Juven­ile Rheum­at­oid Arth­ritis, Intel­lec­tual Impair­ment due to Sick­ness or Injury and Glom­er­uloneph­ritis with Neph­rotic Syn­drome. Till age 18. Extra 30% of Sum Assured given, up to $30K per con­di­tion, up to 5 con­di­tions per policy. 7 days sur­vival period applies.

The premium option is 15-year, 20-year, 25-year, up to 64 age Last Birth Date (LBD), or 84 age LBD.