VivoLife

VivoLife

Lifetime insurance coverage that provides financial support upon death, total and permanent disability or diagnosis of dread disease.

What it covers

Death, dread diseases [1], and total and permanent disability before age 70

We pay the higher of sum assured plus bonuses [2], or the enhanced protection value [3] that you have chosen, in the event of death, diagnosis of dread disease [1] or total and permanent disability before age 70.

Death and dread diseases [1] on and after age 70

We pay the sum assured plus bonuses [2] in the event of death or diagnosis of dread disease [1].

Accidental death [4] before age 70

We pay up to 200% of sum assured, on top of the death benefit, in the case of death by an accident. If the accident happened during a restricted activity, we pay 60% of the sum assured, on top of the death benefit.

Full coverage information

Features

You can choose from three different plan types – VivoLife 125, VivoLife 180 and VivoLife 350, to enjoy your desired level of enhanced protection [3].

You can choose your desired premium payment term of 5, 10, 15, 20 or 25 years or up to age 64 or 84 (last birthday).

If you are retrenched and are not able to find employment for three continuous months, you can choose not to pay the premiums for up to six months. This benefit will not affect your coverage and can only be used once, after you have paid premiums for at least six months. [5]

You can cash in the policy at 105% of its cash value at age 60. You can then fully or partially convert it into an annuity [6] plan that gives you regular income after you retire.

This policy will share in the profits and losses of the Life Participating Fund. [2]

Enhance your coverage

VivoLife Early Cancer Waiver [7]
We will waive future premium payments in the event of the diagnosis of early stage major cancer during the term of the rider.
Waiver of Premium
We will waive future premium payments 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 [8] (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 [8] (except for angioplasty and other invasive treatment for coronary artery) during the term of the rider.

Before you apply

Premium payment term Minimum entry age (last birthday) Maximum entry age (last birthday)
5 0 64
10 0 64
15 0 64
20 0 64
25 0 59
Up to age 64 (last birthday) 0 54
Up to age 84 (last birthday) 0 64

You can make your payments monthly, quarterly, half-yearly, or yearly.

Important Notes

Footnotes

 
  1. A waiting period of 90 days will apply from the date of policy issue, inclusion or increase of any benefit, or policy 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 policy will continue with a reduced sum assured.
  2. Bonus rates are not guaranteed and the benefits payable will vary according to the future performance of the Life Participating Fund.
  3. You can choose between three plan types – VivoLife 125, VivoLife 180 and VivoLife 350, which gives you enhanced protection value of 125%, 180% and 350% of sum assured respectively. The enhanced protection value is only applicable upon death, total and permanent disability (TPD) or diagnosis of dread disease of the insured before the age of 70 (last birthday).
  4. Accidental death benefit is payable only if insured’s death happens within 365 days of the accident. 200% of the sum assured in addition to the death benefit will be paid out for this benefit only if the insured is age 69 or under, and is not participating in a restricted activity at the time of the accident. If the insured is participating in a restricted activity at the time of the accident, this benefit will be reduced to 60% of the sum assured. Standard exclusions apply as well. Please refer to the policy contract for further details.
  5. VivoLife policy must be valid and in force for at least six months from the date of issue of the policy or the date of issue of an endorsement to include or increase a benefit or date of reinstatement of the policy, whichever is the latest, with at least six months of premiums paid. Only premiums on the basic policy (excluding any supplementary riders attached) will be waived up to a maximum of six months of premiums. The retrenchment benefit can only be claimed once.
  6. Converting VivoLife to an annuity plan with immediate payout is subject to terms and conditions, and the type of annuity plans and rates available at the time of conversion.
  7. A waiting period of 90 days will apply from the date we issue the rider, include or increase any benefit, or reinstate the rider (whichever is latest).
    If you have purchased VivoLife for your loved ones (3rd party policy) and would like to include VivoLife Early Cancer Waiver rider, you will have to include an Enhanced Waiver of Premium rider or Special Waiver of Premium rider too.
    Enhanced Waiver of Premium rider waives the future premiums for the policy of your loved ones (3rd party policy) upon your death, total and permanent disability (before age 65) or diagnosis of dread diseases (except for angioplasty and other invasive treatment for coronary artery).
    Special Waiver of Premium rider waives the future premiums for the policy of your loved ones (3rd party policy) upon your diagnosis of dread diseases (except for angioplasty and other invasive treatment for coronary artery).
  8. 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.

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 for VivoLIfe 125, VivoLIfe 180 and VivoLife 350. 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. Buying a life insurance plan is a long-term commitment on your part. If you cancel your plan prematurely, the cash value you receive can be substantially less than the premiums you have paid for the plan.
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 life insurance, please call our hotline:
6788 5515

Use our online matching tool to find an adviser who’s right for you.

Find an adviser now

Can we help?


Get in touch with us for product information and existing
policy support.

Submit a claim


We are committed to a quick and fair claim response.
Learn more about the claim process

Call us
Dedicated claim hotlines

Find us
Claim servicing branches