iTerm

iTerm

High insurance coverage at affordable premiums.

What it covers

Death, total and permanent disability and terminal illness

We pay the sum assured in the event of death, total and permanent disability (TPD before age 65) or terminal illness.

Features

You can enjoy the option of extending your coverage after your policy expires. We will guarantee renewal of your policy and you may be covered to a maximum age of 84 [1].

Enhance your coverage

Waiver of Premium

We waive future premium payments of the basic plan in the event of death or total and permanent disability (TPD before age 65) of the policyholder during the term of the rider. This rider is applicable only if the insured is not the policyholder.

Enhanced Waiver of Premium

We waive future premium payments of the basic plan in the event of death, total and permanent disability (TPD before age 65), or diagnosis of dread disease [2] (except for angioplasty and other invasive treatment for coronary artery) of the policyholder during the term of the rider. This rider is applicable only if the insured is not the policyholder.

Special Waiver of Premium

We waive future premium payments of the basic plan, if the policyholder is diagnosed with dread disease [2] (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.

Living Benefit

We pay the sum assured of this rider in the event of death, total and permanent disability (TPD before age 65), or diagnosis of dread disease [3].

Before you apply

You can decide on the policy coverage period based on your needs.

Coverage period Minimum entry age (last birthday) Maximum entry age (last birthday)
Between 5 & 35 years, in multiples of 5 years * 0 79
Up to age 54 (last birthday) 0 49
Up to age 64 (last birthday) 0 59
Up to age 74 (last birthday) 0 69

*Subject to the maximum coverage age of up to age 84 (last birthday)

You have to pay premiums throughout the whole policy term. You can make your premium payments monthly, quarterly, half-yearly, or yearly.

Important Notes

Footnotes

 
  1. Guaranteed renewal is applicable only if there is no claim on your policy during the contract term and the insured is age 79 (last birthday) and below. We will renew your policy for the same contract term. However, if the insured’s 84th birthday falls within the next contract term, we will only renew it for a shorter term (in multiples of 5 years) such that the renewal term will not exceed the insured’s 84th birthday. The renewal premium will be determined by NTUC Income.
  2. A waiting period of 90 days will apply from the date of rider issue, inclusion or increase of any benefit, or rider reinstatement (whichever is latest) for major cancers, heart attack and coronary artery by-pass surgery.
  3. A waiting period of 90 days will apply from the date of rider issue, inclusion or increase of any benefit, or rider reinstatement (whichever is latest) for major cancers, heart attack, coronary artery by-pass surgery, or angioplasty and other invasive treatment for coronary artery.
    For angioplasty and other invasive treatment for coronary artery, we will pay 10% of what we would have paid for the other dread diseases, subject to a maximum amount of $25,000. The benefit for angioplasty and other invasive treatment for coronary artery will end once we make this payment. The rider will continue with a reduced sum assured.

Exclusions

 

There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.

Important Notes

 

This page is for general information only. You can find the usual terms and conditions of this plan in the policy conditions. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance adviser. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. This plan does not have any cash value.
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 NTUC Income or visit the websites of the General Insurance Association of Singapore (www.gia.org.sg), the Life Insurance Association, Singapore (www.lia.org.sg) or Singapore Deposit Insurance Corporation (www.sdic.org.sg).
 

Information is correct as of 09 April 2015

Frequently asked questions

How to apply

For enquiries about term life insurance, please call our hotline:
6788 5515

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