Payment Mode
- Every month or once a year (monthly or annual)
Insurable Age
Minimum Sum Insured
- Based on the choice of coverage
Benefits and Coverage
- Income compensation to support a family in case the unexpected event incurred to the family leader
- The monthly compensation could help support the recurring expenses e.g. household expenses, tuition fees, monthly bills, etc.
- Coverage in case of death by all causes (except by the causes under exclusion)
- Coverage in case of terminal illness (in case the physician indicates that such illness would cause the insured’s death within 12 months from the day of indication)
- Only the life insurance premium is eligible for personal income tax deduction according to the Notification of the Director-General of the Revenue Department on Income Tax No. 172 given on 30 December 2008
Remark : Benefit and coverage are presented as percentage of sum insured amount at the commencing date of the contract.