family

Nothing
matters
more than
family
Family Insurance Plan
TERM LIFE INSURANCE
Protect your family with one plan.
Customise it to your needs.
Be protected against unexpected events that may result in hefty medical bills and loss of earnings. With Family
Insurance Plan, you can rest assured that you and your family members are adequately covered for these
financial losses.
Why is it good for me?
1
2
One convenient policy that
covers your family’s insurance
needs
Enjoy flexibility to mix and
match your cover according to
changing needs
3
Affordable premiums
4
Guaranteed renewal¹ for
all riders
Family Insurance Plan
TERM LIFE INSURANCE
One policy for all your family’s insurance needs
Family Insurance Plan allows you to cover several family members, such as your spouse, children and parents2,
simultaneously in one plan. Now you can do away with the hassle of managing several insurance policies, and yet have
the coverage you desire.
Enjoy flexibility to mix and match your cover according to
changing needs
The Family Insurance Plan is so flexible that it can suit your different life stages and family size, as a single or married with
children. In addition, you can increase or reduce your coverage3 for specific riders.
If you insure your children, they can transfer their insurance to their own personal policies when they are older. This gives
them a good head start in financial planning, and in the future, they can also add coverage for their spouses or children.
Affordable premiums
The premiums are generally affordable with premium rates adjusted from time to time, based on the claim experience.
Guaranteed renewal for all riders
As long as a claim is not made during the term of the rider, the rider will be renewed automatically1. You can enjoy peace of
mind that you and your family will still be well covered even as you embark on different phases of your lives.
Family Insurance Plan
TERM LIFE INSURANCE
Insurance riders available under the Family Insurance Plan
Coverage4
Coverage period
(till age last birthday)
Lady Plus Rider
Specially tailored for ladies to cover specified female illnesses or occurrence
of maternity risks. We also reimburse specified cancer-related and
re-constructive surgery costs.
Up to a maximum of age 84
Child Plus Rider
Pays for 9 specified child illnesses and hospitalisation (in Singapore or
Malaysia) due to accidental injury.
Up to a maximum of age 25
Payor Premium
Waiver
Future premium payments of the basic plan are waived in the event of death
or total and permanent disability (TPD before age 70) of the policyholder
during the term of the rider. This rider is applicable only if the insured is not
the policyholder.
Up to a maximum of age 84
Enhanced Payor
Premium Waiver
Future premium payments of the basic plan are waived in the event of
death, total and permanent disability (TPD before age 70), or diagnosis of a
specified dread disease (except for angioplasty and other invasive treatment
for coronary artery) of the policyholder during the term of the rider. This rider
is applicable only if the insured is not the policyholder.
Up to a maximum of age 84
Dread Disease
Premium Waiver
Future premium payments of the basic plan are waived, if the policyholder is
diagnosed with a specified dread disease (except for angioplasty and other
invasive treatment for coronary artery) during the term of the rider.
Up to a maximum of age 84
Early Cancer
Waiver
Future premium payments of the basic plan are waived if the policyholder is
diagnosed with an early-stage cancer5 during the term of the rider.
Up to a maximum of age 84
Hospital Benefit
Pays a fixed amount of compensation for each day of stay in a hospital
licensed in Singapore, subject to a maximum of 365 days for each
confinement.
Up to a maximum of age 79
Hospital and
Surgical Rider
Reimburses eligible daily room and board charges up to a specified limit
for up to 60 days in a hospital licensed in Singapore. We also cover eligible
inpatient hospital expenses, surgical expenses as well as intensive-care unit
(ICU) expenses, up to specified limits.
Up to a maximum of age 79
Rider
Family Insurance Plan
TERM LIFE INSURANCE
About Income
Income was established in 1970 to provide affordable insurance for workers in Singapore. Today,
two million people in Singapore look to Income for trusted advice and solutions when making their
most important financial decisions. Our wide network of advisers and partners provide life, health
and general insurance products and services to serve the protection, savings and investment needs
of customers across all segments of society.
As a social enterprise, Income was made different. Our social purpose is to make insurance
accessible, affordable and sustainable for all. Putting people before profits, we strive to create and
maximise value for customers.
In 2015, Income had over $32.4 billion in assets under management. Our financial strength and
diversified investment portfolio is reflected by our strong credit ratings which underpin the delivery
of our commitment to customers.
Get in touch
MEET your Income adviser
CHAT instantly at
income.com.sg/AdviserConnect
CALL 6788 5515
CLICK www.income.com.sg
Income’s corporate social responsibility initiative, OrangeAid, focuses on children and youth,
especially the disadvantaged.
For more about Income, please visit www.income.com.sg.
IMPORTANT NOTES
1 Guaranteed renewal is applicable only if there is no claim on your rider during the contract term and the insured is below a certain age
stipulated in the respective rider’s contract. We will renew your rider for the same sum assured and contract term, unless otherwise stated.The
renewal premium will be determined by Income and is based on the rider’s renewal term, sum assured and the age of the insured at the time
the rider is renewed. Please refer to the rider contract for more details.
2 Insurance coverage for parents is applicable for Hospital Benefit and Hospital & Surgical Rider only.
3 The minimum coverage must result in a minimum annual premium of $100.
4 Subject to precise terms, conditions and exclusions specified in each of the rider contract under Family Insurance Plan.
5 If you have purchased this plan for your loved ones (3rd party policy) and would like to include Early Cancer Waiver rider, you will have to include
an Enhanced Payor Premium Waiver rider or Dread Disease Premium Waiver rider too.
This is for general information only. You can find the usual terms and conditions of this plan at www.income.com.sg/family-insurance-plan-policyconditions.pdf. 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 adviser. 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. This plan
does not have any cash value.
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 GIA/LIA or SDIC websites (www.gia.org.sg
or www.lia.org.sg or www.sdic.org.sg).
Information is correct as of 29 July 2016