Our Support | FAQs
DIRECT-LICS NEW SECURE FUTURE TERM PLAN
It is a term product available to customers who are buying direct without any financial advice.
Term Insurance Plan Provides you Insurance Protection for a fixed period. It pays the sum assured up on death of the life insured or if the insured becomes totally and permanently disabled or when the insured suffers from critical illness(if these benefits are included) during this period.
Selected Client is one who meets at least 2 of the following criteria:
a) Is 62 years of age or older
b) Is not proficient in spoken or written English; and
c) Has below GCE .O. Level or .N. level certifications, or equivalent academic qualifications
A Trusted Individual is defined as an individual who meets all of the following criteria:
a) At least aged 18;
b) Possess at least GCE .O. or .N. level certifications or equivalent academic qualifications;
c) Be proficient in spoken or written English; and
d) Be a person who has the trust of the Selected Client.
Yes, your application will be subject to underwriting. We will keep you informed on the outcome of the underwriting.
Insurance coverage commences upon underwriting approval and receipt of premium payment. We will inform you the date of commencement of cover in writing.
We offer the following payment methods:
a) By direct payment e.g. cheque, cashier.s cheque.
b) Subsequent premium payments have to be made using GIRO, cashier.s cheque or cheques.
The Life Assured due to accident or sickness, suffers total and irrecoverable loss of use of:
a) The entire sight in both eyes;
b)Any two limbs at or above the wrist or ankle; or
c) The entire sight in one eye and any one limb at or above the wrist or ankle.
Terminal Illness is the situation in which you have a medical condition that, in a medical professional opinion, will lead to death within the next 12 months.
You have been asked to undergo a medical check-up as we require further medical evidence to assess your policy application. This is required due to either your health condition or the amount of coverage that is being applied for.
You do not need to pay for the medical examination and test fees which are requested by LIC Sinagpore.
Yes, the recent test report can be submitted as it is valid for one year.
Medical examination and tests must be conducted at our panel clinics.
Life Insurance Corporation (Singapore) Pte Ltd is Wholly Owned Subsidiary of Life Insurance Corporation (LIC) of India. LIC of India is fully owned by the government of India and has network of more than 4500 offices in India with customer base of more than 300 million. It is the largest life insurer in India with total assets exceeding US$ 450 billion.
This product can only be purchased directly from LICS. It is not available for sale through other distribution channels and no financial advice will be provided.
Yes. This policy is covered under Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). LIC(S) is a member of Policy Owners' Protection Scheme. Coverage for your policy is automatic and no further action 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 visit the SDIC web site: www.sdic.org.sg
LIC (S) NEW SECURE FUTURE PLAN
Term Insurance Plan Provides you Insurance Protection for a fixed period. It pays the sum assured up on death of the life insured or if the insured becomes totally and permanently disabled or when the insured suffers from critical illness(if these benefits are included) during this period.
The Life Assured due to accident or sickness, suffers total and irrecoverable loss of use of:
a) The entire sight in both eyes;
b)Any two limbs at or above the wrist or ankle; or
c) The entire sight in one eye and any one limb at or above the wrist or ankle.
Terminal Illness is the situation in which you have a medical condition that, in a medical professional opinion, will lead to death within the next 12 months.
You have been asked to undergo a medical check-up as we require further medical evidence to assess your policy application. This is required due to either your health condition or the amount of coverage that is being applied for.
You do not need to pay for the medical examination and test fees which are requested by LIC Sinagpore.
Yes, the recent test report can be submitted as it is valid for one year.
Medical examination and tests must be contected at our panel clinics.
Life Insurance Corporation (Singapore) Pte Ltd is Wholly Owned Subsidiary of Life Insurance Corporation (LIC) of India. LIC of India is fully owned by the government of India and has network of more than 4500 offices in India with customer base of more than 300 million. It is the largest life insurer in India with total assets exceeding US$ 450 billion.
This product is distributed through selected Financial Advisory Firms and State Bank of India,Singapore. For the details, please refer the partners details on our website: www.licsingapore.com.
Yes. This policy is covered under Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). LIC(S) is a member of Policy Owners' Protection Scheme. Coverage for your policy is automatic and no further action 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 visit the SDIC web site: www.sdic.org.sg