Full coverage information for Early Assure Accelerator
Star Assure (covers COVID-19)
| Event | Coverage before the anniversary immediately after the insured reaches the age of 70 | |||||
|---|---|---|---|---|---|---|
| Diagnosis of early or intermediate stage dread disease | Higher of the rider's sum assured plus bonuses [1] of the basic policy
or Minimum Protection Value [2]
|
|||||
| Coverage before the anniversary immediately after the insured reaches the age of 70 | ||||||
| Rider's sum assured plus bonuses [1] of the basic policy |
Advanced Restoration Benefit [3] covers stroke with permanent neurological deficit, major cancer and heart attack of specified severity
| Event | Extra coverage - Advanced Restoration Benefit [3] |
|---|---|
|
Coverage before the anniversary immediately after the insured reaches the age of 70 |
| 50% of the rider's minimum protection value [2] | |
| Coverage before the anniversary immediately after the insured reaches the age of 70 | |
| 50% of the rider's sum assured |
The special benefit[4][5] provides a payout of 30% of the rider’s sum assured to cover you against 10 medical conditions before the age of 85.
The juvenile benefit[5][6] provides a payout of 20% of the rider’s sum assured to cover insured persons below the age of 18 years old for 10 medical conditions, including severe haemophilia and insulin dependent diabetes mellitus.
For a complete list of medical conditions covered, please refer to the policy contract.
- Bonus rates are not guaranteed and the benefits payable will vary according to the future performance of the Life Participating Fund.
- For Star Assure, the minimum protection value is 100%, 200%, 300%, 400% or 500% of the sum assured before the anniversary immediately after the insured reaches the age of 70, selected at the start of the policy and is applicable upon death, total and permanent disability or terminal illness. Advanced Assure Accelerator rider’s and Early Assure Accelerator rider’s minimum protection value will follow Star Assure’s minimum protection value.
- You can only make a claim under the Advanced Restoration Benefit if you have previously succeeded in claiming the early and intermediate stage dread disease benefit and if your basic policy has not ended. We will pay this benefit if the insured is diagnosed with any of the advanced stage dread diseases (stroke with permanent neurological deficit, major cancer, and heart attack of specified severity). Once we make payment under this benefit, the rider will end.
We will not pay this benefit if the insured was diagnosed with the disease within 24 months after the date of diagnosis or surgical procedure, whichever applies, of any of the early or intermediate stage dread diseases. The insured must survive for at least seven days from the date of diagnosis, or after having the medical procedure, before we pay this benefit. Please refer to the policy contract for further details. - We will pay no more than $30,000 for each insured (no matter how many policies we have issued to cover each insured) for each special benefit. At most, we will pay this benefit five times, as long as each claim is not for the same special benefit as any of the earlier claims.
- We will not pay this benefit if the insured suffered symptoms of, had investigations for, or was diagnosed with the disease any time before or within 90 days from the date we issue the rider, include or increase any benefit, or reinstate the rider (whichever is latest). The insured must survive for at least seven days from the date of diagnosis, or after having the medical procedure, before we pay this benefit.
- We will pay no more than $30,000 for each insured (no matter how many policies we have issued to cover each insured) for each juvenile benefit. At most, we will pay this benefit five times, as long as each claim is not for the same juvenile benefit as any of the earlier claims.
Exclusions
There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy conditions 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 Star Assure. 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 advisor. 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 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).
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is correct as of 25 August 2020.
