HomeTeamNS Insurance & HomeTeamNS Living Policy

Here’s what you get with HomeTeamNS Insurance Scheme.

Coverage against death as well as an additional 25% of the sum assured if death is due to an accident.
Protection against permanent and total disablement due to illness and accident with additional payouts[1] in addition to receiving the sum assured.
Receive a percentage of the sum assured in the event of permanent and partial disablement due to an accident[2].

Here’s what you get with HomeTeamNS Living Policy.

Coverage against death and permanent and total disablement.
Protection against 30 critical illnesses[3] such as major cancer, heart attack of specified severity and stroke with permanent neurological deficit.
Receive daily hospital benefit for up to 365 days for each period of hospital stay in Singapore.

Who this is for.

You must be a HomeTeamNS member to apply for cover under this plan. You may apply the plan for your husband or wife and children[4] if they are also a Singaporean, Singapore Permanent Resident or foreigner who is working or residing in Singapore.

For HomeTeamNS Insurance Scheme

	Minimum entry age	Maximum entry age	Maximum age of coverage
HomeTeamNS member and husband or wife	16 years old	64 years old	65 years old
Child (male)	5 years old	15 years old	21 years old or National Service (NS) enlistment date, whichever is earlier
Child (female)	5 years old	15 years old	65 years old

Amount you can be insured for

You can choose your sum assured in multiples of $10,000, up to $300,000 each for you and your husband or wife, and up to $150,000 for your child.

For HomeTeamNS Living Policy

	Minimum entry age	Maximum entry age	Maximum age of coverage
HomeTeamNS member and husband or wife	16 years old	59 years old	60 years old
Child (male)	5 years old	15 years old	21 years old or National Service (NS) enlistment date, whichever is earlier
Child (female)	5 years old	15 years old	60 years old

Amount you can be insured for

The sum assured is in multiples of $10,000, up to $150,000 each for you and your husband or wife, and up to $50,000 for your child.

How much you need to pay.

The yearly premium will be deducted via your GIRO account with us. The premiums that you pay are based on the sum assured and insured’s age next birthday. Premium rates will change when the insured enters a higher age band. Premium rates are not guaranteed and may be reviewed from time to time.

You may view the premium table here.

Your policy toolkit.

Brochures

Printed brochure

Policy conditions

Product summary for HomeTeamNS Insurance Scheme

Key features and benefits of insurance coverage for HomeTeamNS Insurance Scheme

Product summary for HomeTeamNS Living Policy

Key features and benefits of insurance coverage for HomeTeamNS Living Policy

Your queries answered.

Coverage	HomeTeamNS Insurance Scheme	HomeTeamNS Living Policy
Death from all causes	Suicide in first year
Permanent and total disablement from all causes	Self-inflicted injury in first year
Permanent and partial disablement due to illness and accident	Suicide, self-inflicted injury, war, revolution or any warlike operations, military or naval service, racing on wheels	Not applicable
Daily hospital benefit	Not applicable	Strike, riot, civil commotion, war or warlike operation, wilful misuse or under influence of drugs / liquor, suicide, self-inflicted injury, mental disorders, venereal disease, pregnancy / childbirth, infertility, assisted conception or contraceptive operation, claims in first 30 days of cover, congenital anomalies, taking part in dangerous flying or other aerial activities (except passenger on commercial aircraft)
30 critical illnesses	Not applicable	Self-inflicted injury or illness, misuse of drugs / alcohol, pre-existing medical conditions, AIDS and diagnosis of cancer, coronary artery bypass, heart attack, angioplasty and other invasive treatment for coronary artery within 90 days from commencement of cover.

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Important notes

Footnotes

We pay a further monthly payout of 1% of the sum assured for the next 24 months or until the insured reaches the age of 65, whichever is earliest.
Permanent and partial disablement must happen within 90 days from the date of the accident.
A survival period of 30 days from the date the insured is diagnosed with the critical illness will apply. For major cancer, coronary artery by-pass surgery, heart attack of specified severity and angioplasty and other invasive treatment for coronary artery, a waiting period of 90 days from the start date of the insured’s cover will apply.
Your husband or wife and children will be eligible for the application of coverage only if you, as the insured and member of HomeTeamNS, are covered under the same plan. The cover for your husband or wife and children shall end automatically when your cover ends. The sum assured for your husband or wife and children should not exceed your sum assured unless your sum assured has been reduced by Income due to underwriting reasons. The cover for your husband or wife will also end if you are separated or divorced from your husband or wife.

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 is for general information only. HomeTeamNS is the master policyholder. You can find the usual terms and conditions of HomeTeamNS Insurance Scheme and HomeTeamNS Living Policy in the master policy contracts issued to HomeTeamNS. The cover for HomeTeamNS Insurance Scheme and HomeTeamNS Living Policy will automatically end upon the termination of the master policies by either Income or HomeTeamNS. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if these plans are 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. These plans do not have any cash value.

HomeTeamNS Insurance Scheme and HomeTeamNS Living Policy are underwritten and issued by Income.

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 Income or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).

This advertisement has not been reviewed by the Monetary Authority of Singapore.

Information is correct as at 9 April 2024.