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Group Term Life

A customisable protection plan which provides financial coverage when it matters. Designed specially to suit the needs of your employees.

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Invest in your employees' well-being

Comprehensive protection at affordable premiums for your team.

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Lump-sum payout

Lump-sum payout in the event of death or total and permanent disability

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Advance payment

Advance payment upon diagnosis of terminal illness

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Family income benefit

Receive up to 1% of the sum assured or a monthly benefit of S$5,0001

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Extended benefits

12-month extension of benefits if employees are unable to work due to medical reasons2

Add-ons for extra protection

Need enhanced coverage? Consider these add-ons when you purchase our plan.

For greater peace of mind

Add-on these optional riders that best meet your needs to enjoy more peace of mind.

Group Critical Illness (Accelerated Payout)

When diagnosed with any one of the 37 critical illnesses, your insured employee will receive a pre-agreed percentage of the sum assured for the Group Term Life plan.

Group Critical Illness (Additional Payout)

When diagnosed with any one of the 37 critical illnesses, your insured employee will receive a payout under this rider, while the sum assured for the Group Term Life plan remains intact.

 

Footnotes

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Terms and Conditions apply.

For complete details, refer to the relevant policy contract.

1 Whichever is lower, for a period of 12 months to the employee's dependant(s).

2 Subject to certificate from a certified medical doctor.

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Disclaimers

The policy is underwritten by Singapore Life Ltd.

 

This is published for general information only and does not have regard to the specific investment objectives, financial situation and needs of any particular person. A copy of the product summary may be obtained from Singapore Life Ltd. and the participating distributor’s offices. You should read the Product Summary before deciding whether to purchase the policy. You may wish to seek advice from a financial adviser representative before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser representative, you should consider whether the product in question is suitable for you. As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. This is not a contract of insurance. Full details of the standard terms and conditions of this plan can be found in the relevant policy contract.

 

Information last updated 1 July 2023

 

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

 

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 your insurer or visit the GIA/LIA or SDIC web‐sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).