Singapore Investment-linked Insurance ILP
Product Summary - Investment-Linked Life Insurance (a.k.a. Supremelife)
1. DESCRIPTION OF POLICY
This is a regular.premium investment.linked assurance plan that gives you access
to professionally managed Unit Funds with the benefit
of life insurance cover packaged in.
You can choose to pay premiums monthly, quarterly, half.yearly or yearly. Your
premiums are used to purchase units in the Unit Funds.
The policy values of this plan will vary directly with the performance of the
Unit Funds.
To cater to your changing needs, the plan provides you with many flexible options
such as altering your investment and protection level,
topping up, switching among Unit Funds, etc. You can also apply for Major Illness
cover for added protection.
2. INSURANCE BENEFIT
2.1 Sum Assured
You will be given a range of Sum Assured from which to select your level of
life insurance cover. Your minimum Sum Assured at any
time will be five times the current Annual Premium plus 125% of all the Single
Premium Investment Top.ups less 125% of all amounts
withdrawn, subject to a minimum of S$5,000.
*The Company can change the percentages used to calculate the figures above
at anytime.
2.2 Death Benefit
The Sum Assured plus the Total Investment Value will be payable upon death.
Total Investment Value is the total value of all the units in
all the Unit Funds selected by you based on the respective Bid Prices at the
next valuation date.
2.3 Total and Permanent Disability (TPD) Benefit
(subject to a maximum Sum Assured of $2,000,000 on any one life)
In the event of TPD prior to the policy anniversary on which age next birthday
is 65 years, the Total Investment Value will be payable in
one lump sum. The Sum Assured will be payable upon TPD admission in one lump
sum if it does not exceed $650,000. Sum Assured in
excess of $650,000 are payable in one lump sum in any of the following events,
whichever occurs first :
i) 12 months from the date of the first TPD payment
ii) upon the event of death
The TPD Benefit will be payable in one lump sum under the following circumstances:
(a) loss of sight of both eyes,
(b) loss of two limbs at or above the wrist or ankle, or
(c) loss of sight of one eye and loss of one limb at or above the wrist or ankle.
However, if TPD occurs before age 1, only 20% of the Sum Assured will be payable
(in one lump sum).
Fund details and charges please refer to the complete summary download
here (pdf format, 27kb)
