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.
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.
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.