Analyse your life needs in detail and plan ahead for a brighter tomorrow.
Payer Security III
We understand that you want to protect your family’s policies with Payer Security
Giving your loved ones the best goes beyond acquiring a protection, endowment or investment-linked plan. Safeguard their plans with Payer Security1 to ensure that your loved ones continue to be covered when you or your spouse are unable to pay for the premiums due to unforeseen circumstances.
|1||Payer Security refers to Payer Security III, Payer Security Plus and Early Payer Security supplementary benefits available for purchase by one or both parents when attached to a child’s policy.|
|2||Either Payer Security III or Payer Security Plus can be added for the same life assured, but not both.|
|3||The waiver of premiums will be until the policy anniversary before the stated age.|
|4||Total and Permanent Disability coverage is up to the policy anniversary on which the person covered under Payer Security Plus turns 65 years old.|
|5||Early Payer Security can only be attached when Payer Security III or Payer Security Plus is attached to the same policy. The maximum premium waiver period under Early Payer Security benefit is 10 years, after which the benefit terminates and premium payment for the covered benefits will resume. The waiver duration is subject to the remaining premium term of the covered benefits and the coverage term.|
|6||After the end of the Early Stage Premium Waiver Period, premium payment for the covered benefits will resume, but the premiums for the Early Payer Security benefit will continue to be waived. It allows a second claim, provided it is not from the same medical condition as the first claim, and it does not fall within the same category of the first Early Stage Medical Condition.|
|7||If there was a successful claim under Early Stage Medical Conditions, the Intermediate Stage Medical Conditions benefit only waives 5 years of future premiums.|
Buying a life insurance policy is a long-term commitment. These plans have no cash value. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs. Premiums are not guaranteed and may be adjusted based on future claims experience. You are recommended to seek advice from a qualified Prudential Financial Consultant for a financial analysis before purchasing a policy suitable to meet your needs.
The information on this website is for reference only and is not a contract of insurance. Please refer to the exact terms and conditions, specific details and exclusions applicable to these insurance products in the policy documents that can be obtained from your Prudential Financial Consultant.
The information contained on this website is intended to be valid in Singapore only and shall not be construed as an offer to sell or solicitation to buy or provision of any insurance product outside Singapore.
In case of discrepancy between the English and Mandarin versions of the e-Brochures, the English version shall prevail.
Information is correct as at 27 May 2016.