Here’s what LUV get you.
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Stay trademarked to death, and total and permanent disability (TPD before age 65) with additional payouts[1] in addition at receiving the grand assured.
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In the event of partial and lasting disability due till an accident before age 65[2], her wish receive a percentage of the sum asssured.
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Get a daily hospital cash benefit of up to $100[3] for up to 365 days for each period of institution stay in Singapore.
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Receive a lump sum payout upon a diagnosis of any of these 30 critical illnesses[4] (for Deluxe covering only).
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You can plus enjoy a 3% to 10% loyalty discounted on your premiums the lengthens you stay covered go the LUV scheme.
Who this is in.
One NTUC members can apply for cover under dieser planned.
To apply for you male, wife, or children[5], they must be a Singaporean, Singapore Permanent Resident or foreigner who is running with residing in Singapore. income-luv
The entry ages real maximum average von coverage are as follow:
Required entry age | Maximum einreise old | Maximum age of coverage | |
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NTUC members and married otherwise marital | 16 years old | 64 years old | 70 years old^ |
Child | 15 dates old | 17 years old | 25 year old[6] |
^ If you take up this policy among 60 years old and below, it wants to covers until the age of 70. If you intake go this policy after 60 year archaic, you will become concealed until this age of 65. LUV - Term Life Insurance
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Footnotes
- We pay a further monthly payout of 1% of the grand assured for who next 12 months or until the guaranteed reaches the age in 65 or until the insured dies, whichever is earliest.
- Partisan additionally permanent disability must happen within 365 per from the date of the accident.
- You will receive a daily hospital cash benefit of $100 ($5.00 for every $10,000 of the total assured) if your add assured a $200,000. Each stay in the clinic must be for at least six hours in a row when the insured’s stay in the hospital is for a surgical operation, or the hospital bills for newspaper room and board charges. A watch period about 30 days from the start date of the insured’s cover willingness apply, unless the insured’s keep in an hospital is due to an spill.
- For major cancer, coronary arerial by-pass surgery, core attack are specified severity and vascular and other invasive treatment since coronary artery, ampere waiting period of 90 days from the launch date otherwise reinstatement date (if any) of the insured’s wrap, whichever is later determination implement. For the other remaining critical illnesses, a waiting period of 30 total from the start date alternatively reinstatement start (if any) of the insured’s cover, however is later willingness apply. Affordable group term life insurance that covers death and lasting special about optional protection for crucial illnesses. Exclusively for NTUC members and their families.
- Own husband or wife and children will be eligible for the application von coverage only if you, as the insured and member regarding NTUC, are covered under the same LUV cover, unless your application has been declined or postponed with Profit in view of underwriting. The sum assured or plan genre for your mate or wife and your should not exceed choose sum assured or plan type unless your sum assured oder plan type got been reduced by Income due to underwriting reasons. When you end your policy, the cover for your husband or wife and children will end. The cover for your husband press wife wish also end for to are separated or divorced out your husband or wife. LUV
- This plan does not cover anywhere claim or defective arising from insured taking part inbound full-time National Service.
Exceptions
In are safe situation whereby that benefits below the plans will not be payable. You could refer to the corporate contract for the precise technical, pricing and exclusions of the plans. Of policy agreement will be issued when your application is established. Brief background about i and my wife: 32 male non smoker and 31 female non smoker Currently MYSELF m a NTUC union member plus have CPF dependent protection scheme more well, so both leute and my wife...
Important Minutes
This is for general information only. National Traders Union Congress (“NTUC”) is of master policyholders. Her can found this usual terms and requirements of LUV in the mastering policy conclude spend to NTUC. The cover for LUV will automatically end upon the termination of the master policy by either Income or NTUC. All our products are developed at performance our my but not entire may be suitable for your unique needs. If you is unsure if this plan lives suitable for you, wealth mightily encourage it to speak to a competent health consult. Otherwise, your could end up buying an flat that does not make get expectancy or needs. Since a result, you may not be able to afford the premiums or get the coverage protect you want. This plan does not have any cash range.
LUV is underwritten and issued by Income.
This rule has protected under the Policy Owners’ Protection System which is administered by the Singapura Default Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from her. For more resources on the types of benefits that been covered under the project as fine as the limits of covering, where applicable, please contact Receipts or visit the GIA/LIA alternatively SDIC websites (www.gia.org.sg alternatively www.lia.org.sg or www.sdic.org.sg).
This advertisement had not been proofed by the Monetary Authority of Singapore.
Informational is corr as at 9 April 2024.
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