Premier Life Insurance Plan

In the unfortunate event of the death of the insured before the 20th policy anniversary date or age 75 of the insured, whichever is later, the Plan provides a guaranteed death benefit that is equivalent to 118% of the sum assured, accumulated annual dividends¹ and interest (if any) and terminal dividend¹ (if any), securing a prosperous future for your beloved family members.  

For example, if the insured is aged 35 when the policy is purchased, the insured enjoys the death benefit equals to 118% of the sum assured before the age of 75; or if the insured is aged 60 when the policy is purchased, the insured enjoys the death benefit of 118% of the sum assured before the age of 80.

The Plan will pay out annual dividends on its policy anniversary date to help grow your wealth. You may choose to leave the annual dividends in the policy to earn interest, or to receive them in cash, or apply them towards future premium payments to help realise your life goals.

If the Plan has been effective for ten years, it will also bring you additional returns by providing a terminal dividend upon the surrender of the policy, the maturity of the policy, the death of the insured or the payout of the terminal illness benefit. Both the annual dividends and terminal dividend are not guaranteed.

If the insured is unfortunately diagnosed with a terminal illness, the Plan will advance the death benefit as the terminal illness benefit, in order to provide additional cash to the insured for more appropriate arrangements.

- Flexibility to choose from 5-year, 10-year, 20-year and 25-year premium payment terms 

There are four different premium payment terms: 5 years, 10 years, 20 years and 25 years. You may choose the most suitable term to meet your financial needs. The premium is guaranteed to remain unchanged once it is determined and will not be increased with your age, facilitating better financial planning for your future. If the 5-year premium payment term is selected, you can also pre-pay your premiums³ at the time of your policy application.  

- Different risk classes⁴ to cater for people of diverse lifestyles

The three different risk classes of the Plan allow the insured with good habits in life and having a healthy body to enjoy better premiums. If the sum assured is below the non-medical limit⁵, no medical check-up is required, making the application process simpler and quicker.

- Great advantage to be able to insure for huge amounts 

Providing huge amounts of life coverage with low premium to help transfer and create your wealth so that your beloved family members are able to enjoy a more prosperous life.

- Your own decision to manage your wealth with options for death benefit settlement 

You can designate a beneficiary during the lifetime of the insured, and allocate in advance your wealth by means of the death benefit settlement options, making it possible for you to pass on your wealth. The death benefit will be paid to the designated beneficiary according to your wish upon the death of the insured.

Aside from a lump-sum payment of the death benefit, you may also choose to pay a regular amount⁶ to your designated beneficiary by monthly instalments, planning ahead financially for the future of your loved ones and family.

- Plan ahead by nominating a contingent owner⁷ 

As a forward-looking person, your wealth can be passed on to the next generations. By insuring for your next generation, your assets can be passed on to them and bring benefits for generations to come. Moreover, you are able to nominate a contingent owner after the policy is effective. Upon the unfortunate event of the death of the policyowner, the nominated one will become the new policyowner⁷ and continue to exercise the rights of the policy.