Singapore Endowment Saving Insurance Guaranteed return
Product Summary - Endowment with guaranteed return (a.k.a. 4 yr Guaranteed Saver)
1. Plan Description
This is an 4.year Single Premium Endowment plan without profits.
2. Benefits
2.1 Death Benefit
Basic sum assured is payable on death within the endowment term. However, for
substandard life, there will be a lien on death
benefit.
2.2 Total and Permanent Disability (TPD) Benefits before age 65 next birthday.
(subject to a maximum Sum Assured of S$2,000,000 on any one life)
For TPD before the policy anniversary on which the Life Assured's age is 65
next birthday, the death benefit will be payable in 3
annual instalments of 10%, 10% and 80%. If death of the Life Assured or maturity
occurs before the payment of the last instalment,
the remaining instalment(s) will be paid in one lump sum. The death benefit
will be payable in one lump sum if TPD is caused by:
(a) total and irrecoverable loss of the sight in both eyes;
(b) total and irrecoverable loss of the use of two limbs at or above the wrist
or ankle; or
(c) total and irrecoverable loss of the sight in one eye and total and irrecoverable
loss of the use of one limb at or above the wrist or
ankle.
2.3 Maturity Benefit
The maturity benefit will be fixed 1.0867 times of the single premium.
Note: This summary is meant for general information only. It does not serve
as an insurance contract. The precise terms and
conditions of this insurance plan are specified in the policy.
