Star Assure: Protecting Yourself & Your Children’s Futures

By Income, 23 April 2019 11700

As parents, much of our energy and actions goes towards securing a happy, healthy life for ourselves and, more importantly, our kids, but sometimes you get dealt a hand of cards you couldn’t have predicted. 
             
Often, unexpected illnesses or health problems are accompanied by great financial strain and stress on the individual, the spouse and the children of the affected person. 

That’s why ensuring you are adequately insured is so important - because the last thing any parent wants to do is compromise on their children’s happiness.
 


But getting protected is easier said than done. How much protection is really enough? Who knows what new diseases or viruses are out there waiting to strike? Without a crystal ball, it’s hard to tell what level of protection is going to be sufficient, or which areas of coverage you will need in future.

That’s where Income’s Star Assure can help. Not only does it allow you to layer on more protection against the usual death, critical illness (also known as dread diseases) and total and permanent disability if you need it, but it can even protect you (and your family’s happiness) from other illnesses still undiscovered. 
 

What is Star Assure and how does it protect you?

In a nutshell, Star Assure is a whole life insurance plan that provides you with protection in the event of death, total and permanent disability (TPD before age 70), and terminal illness.

The whole life plan is customisable, with five levels of protection to choose from, up to 500% of the sum assured till age 70. With such high protection coverage, you can have peace of mind knowing that you won’t have to make the financial decision between the necessities of daily life, or treatment costs, against the little luxuries or things that brings your family happiness. The last thing you would want to do in these situations is to put a pause on what makes your children happy – Be it the happy meals at McDonalds or the piano lesson your child loves. Having a life insurance plan ensures you do not have to make these painful decisions. 

Advanced Assure Accelerator rider

On top of this base of protection, you can enhance your coverage further with the Advanced Assure Accelerator rider. Besides offering protection against 39 advanced stage critical illnesses, this rider boasts the unique Major Impact Benefit. 

With this Benefit, you’re protected in the event that you undergo surgery or suffer from an infection and are required to stay in the intensive care unit (ICU) of a hospital for 5 days or more in one hospital admission, before age of 85. 

So what, you ask? 

Well, with so many new diseases/infections coming up these days, it’s not only the illnesses you know of that you need protection from but also the unknown^. Take for instance, COVID-19, which was only discovered in December 2019 and is now a global pandemic. 



With the Major Impact Benefit, you will no longer have to worry that your cover is only limited to certain diseases under your policy. You can focus on your recovery, knowing that it works like a safety net to ensure your family and family finances will be well protected.

Early Assure Accelerator rider



To ensure you receive the best possible care from the moment an illness strikes, you can boost your coverage to a total of 121 medical conditions with the Early Assure Accelerator rider, enabling you to receive coverage of up to $350,000 for early and intermediate stage critical illness. 

What’s more, thanks to the Advanced Restoration Benefit, there is extra protection for stroke with permanent neurological deficit, major cancer or heart attack of specified severity after a claim for an early or intermediate stage critical illness is made. The benefit will restore 50% of the rider coverage 2 years after the claims for an early or intermediate stafe critical illness which means you’ll continue to stay covered against 3 of Singapore’s top health threats.
 

Flexibility and other benefits

Besides offering protection with a minimum protection value of up to 500% of the sum assured till age 70, Star Assure also offers up to an additional 200% of the sum assured in the event of accidental death at age 70 or below.

The whole life plan is highly customisable, with a wide range of premium terms available – 5, 10, 15, 20, 25 and 30 years or up to the age of 64 – giving you flexibility in that respect as well.

In this time of economic uncertainty, it may reassure you to know that Star Assure also offers a one-time retrenchment benefit. If you are retrenched and is unemployed for 3 straight months involuntarily, you would not have to pay the premiums for your basic policy for up to 6 months, while still continuing to receive the same coverage during that period.

And if you do make it to old age with no claims on the plan, the cash value from the policy is accessible to you making it easy if you’d like the option of some extra retirement income
 

Star Assure is the ultimate way to protect your and your family’s happiness




No matter what curveballs life throws at you, Star Assure ensures the highest levels of protection for what matters to you – your family’s happiness. Its flexibility and comprehensive coverage options make it the ideal tool to make sure you never have to choose between what you need and the little things that make your family happy.  

Speak to an Income Advisor today to see how Star Assure can work for your needs and start protecting you and your loved ones’ happiness today.
 


    

Important Notes:
^A waiting period of 90 days will apply from the cover state date for specified conditions in Advanced Assure Accelerator rider and Major Impact Benefit. Please see policy contract for details.  

This article is meant purely for informational purposes and should not be relied upon as financial advice. The precise terms, conditions and exclusions of any Income products mentioned are specified in their respective policy contracts. For customised advice to suit your specific needs, consult an Income insurance advisor.

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

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