great eastern life has recently launched their LifeSecure product.
what is LifeSecure?
LifeSecure is the first plan of its kind in Singapore that helps to provide for your basic needs with regular monthly benefit payouts for life when disability sets in.
key benefits:
Receive regular monthly benefits for life
In the event of a disability, LifeSecure will help to sustain your lifestyle by providing regular monthly benefits. This can help to cover the costs of special aids and equipment, home modifications to aid mobility as well as long term disabled care at home or in the hospital.
LifeSecure complements your existing disability plans by providing monthly benefits for life as long as the disability is total and permanent or a person requires assistance to perform at least two of these Activities of Daily Living (ADLs): bathing, dressing, feeding, mobility, toileting and transferring.
Affordable premiums from as low as $0.25*a day
Whether you are taking up LifeSecure as a stand-alone plan or as a rider attached to your existing Great Eastern whole life plans, our wide range of protection benefits starts from as little as $0.25*a day for monthly benefits of $1,000 and premiums continue to be level throughout your policy term, making it truly affordable.
Out-of-school disability benefit for your school-going child
LifeSecure provides for your child of school-going age between 7-16^ years old who needs to be confined at home or in a hospital due to a disability. You will receive an additional monthly benefit of $500** on top of the monthly benefit insured for your child. This helps to sustain your child's specialised needs, such as the cost of treatment, the hiring of domestic help and even for home tuition fees.
Waiver of future premiums
Future premiums will be waived when you start receiving the monthly benefits payouts, which helps to ease your financial worries as you focus on recuperation.
Receive payback benefit upon a successful claim
Following a deferment~ period, you will receive a lump sum payment of 3 times the monthly benefit or 6 times the monthly benefit insured.
Death benefit of 3X monthly payout for stand-alone plans
A lump sum death benefit of 3 times the monthly payout will be payable if death of the life insured occurs during the coverage term.
* Based on a male aged 20 years at next birthday under a LifeSecure Rider plan with coverage and premium payment term up to age 65.
^ All ages stipulated refer to age at next birthday.
** The out-of-school benefit ends when the life assured attains age 16, and is subject to a minimum of 12 monthly installments.
~ Period of 90 days or 180 days starting from the claim date, during which no benefit is payable.
disclaimer:
This blog is for general information only. It is not a contract of insurance. The precise terms and conditions of this insurance plan are specified in the policy contract.
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.
It is usually detrimental to replace an existing accident and health policy with a new one. A penalty may be imposed for early policy termination and the new policy may cost more or have less benefits at the same cost.
my comments:
No comments:
Post a Comment