DIRECT- Aviva Whole Life

Direct Aviva WholeLife

 

What is DIRECT– Aviva Whole Life?

Need some extra protection to beef up your life insurance coverage? Let’s look at some extra benefits that we can offer to keep your financial safety net secure.

Here are the key benefits of DIRECT– Aviva Whole Life:

  • Enjoy coverage for Death and Terminal Illness, as long as you live1
  • Receive a lump sum payout (including non-guaranteed bonuses) when Death, Terminal Illness or Total and Permanent Disability happens
  • Accumulate potential bonuses2 annually
  • Pay the same premium amount, guaranteed throughout the premium term
Features DIRECT- Aviva Whole Life
Basic benefits Death, Terminal Illness and Total and Permanent Disability
Potential Bonuses Yes
Entry age (age next birthday) Age 19 - 65 (depending on the Coverage Period or Premium Payment Period)
Country of residence For residents of Singapore
Coverage Sum Assured from $50,000 to $200,000
Death and Terminal Illness (TI) coverage period Whole life
Total and Permanent Disability (TPD) coverage period Ends after age 65
Optional rider :
DIRECT- Aviva Critical Illness Cover
Whole life
Accumulate Cash Value Yes
Premium Payment Period Choose any one of the following:
i) Pay till age 70
ii) Pay till age 85
Premium Payment Options Choose to pay either monthly, quarterly, half-yearly or yearly

Please note that a maximum coverage of Sum Assured $400,000 is allowed under both the plans with a sub-limit of $200,000 for DIRECT- Aviva Whole Life.


Product Summaries for DIRECT- Aviva Whole Life

 


Amp up your coverage!


What’s more – add the DIRECT– Aviva Critical Illness Cover3 to your plan and be insured for 30 critical illnesses. This critical illness cover allows you to receive a lump sum payout when you are diagnosed with any of the 30 critical illnesses.



Product Summaries for DIRECT- Critical Illness Cover

 

  1. This plan covers death and terminal illness for whole of life. Upon diagnosis of terminal illness of the Life Assured, Aviva will pay the Terminal Illness Benefit as the advancement of the Death Benefit, less any amount owing to Aviva, in one lump sum. Policy has to be in force at time of claim.
     
  2. Potential bonuses are made up of accumulated Reversionary Bonus and Terminal Bonus (if any). The Reversionary Bonus and Terminal Bonus are non-guaranteed and depend on the performance of Aviva Ltd’s Participating Fund. The Reversionary Bonus will form part of the guaranteed benefit of the policy once they are declared and vested. Please refer to the Product Summary for more details.
     
  3. DIRECT– Aviva Critical Illness Cover rider does not cover pre-existing medical conditions and claims made in relation to selected critical illnesses within the 90-day waiting period (from policy start date). In the case of a claim for Angioplasty & Other Invasive Treatment for Coronary Artery, 10% of the sum assured for this rider, subject to a maximum of S$25,000, is payable. Premium rate for the rider is non-guaranteed and may be adjusted by us based on future claims experience. Please refer to the Product Summary for more details.

 

The policies are underwritten by Aviva Ltd.

The information on this page is for general information only and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. Product Summaries for direct purchase insurance may be obtained from Aviva Ltd and www.aviva.com.sg.

As direct purchase insurance are sold without financial advice, you should make sure you have carefully assessed your insurance needs as well as whether you can afford the premiums for the duration of the policy. You should also read the Product Summary, Benefit Illustration, Direct Purchase Insurance Factsheet and all related information on www.aviva.com.sg to understand the features of the product and assess whether the product you have chosen is appropriate to your financial needs and insurance objectives.

Buying a life insurance product, including a direct purchase product, is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable, if any, may be less than the total premiums paid. Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs.

This is not a contract of insurance. Full details of the standard terms and conditions of the plans can be found in the relevant policy contract.

Information correct as at April 2016.

The policies are 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 fro 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 us or the Life Insurance Association Singapore or SDIC website (www.lia.org.sg or www.sdic.org.sg).

 

Get protected now!

Find out how you can easily protect your loved ones here.

Contact Us

For more information about DIRECT – Aviva Whole Life, please Contact Us.


 

Application process and forms

A one-stop resource page for you to understand the application process and requirements.

Find out more  >