|With ‘Lump Sum’ Premium
Payment of first year premium and pre-payment of second year premium at application
|Payment of premiums over 2 Years
Payment of first year premium only at application
|· First Year Premium & Second Year Premium
Only payable via Direct Debit – DBS/POSB bank account
|· First Year Premium
Only payable via Direct Debit – DBS/POSB bank account· Second Year Premium This payment can be made through the following options after you receive our premium notice closer to the premium due date:a) GIRO through a DBS/POSB bank account registered with us during application.
b) FAST (Fast And Secure Transfers), offered by participating banks in Singapore, to our Malayan Banking Berhad account (Account No.: 04011519938).
When you are making this payment via FAST, please key in your NRIC/FIN to allow us to identify the payment you had made. You may refer to Appendix A for reference on where to enter your NRIC/FIN in the FAST screen.
Note: For use of FAST, there is a maximum limit of S$200,000 per transaction subject to your daily or monthly withdrawal limits.
c) Cheque. The cheque payment should be crossed and made payable to “Etiqa Insurance Pte. Ltd.” Please indicate your name and NRIC/FIN on the reverse side of your cheque. You may download our Business Reply Envelope and mail it to: One Raffles Quay #22-01 North Tower Singapore 048583.
|Policy Anniversary Date||Scheduled Deduction Dates|
|1st attempt||2nd attempt
(If 1st attempt unsuccessful)
|1st of current month to 15th of current month||10th (of current month)||25th (of current month)|
|16th of current month to 31st of current month||25th (of current month)||10th (of following month)|
If the scheduled deduction date falls on a Saturday, Sunday or Public Holiday, the deduction will take place on the next working day. We will notify you of any failed attempt to deduct the second year premium from the designated bank account. Kindly note that after two (2) unsuccessful deductions, the GIRO facility will be discontinued.
|No of years from Policy commencement date||Surrender Charge / Partial Withdrawal Charge
(% of amount withdrawn from Account Value)
|7 and above||0%|
Our Customer Care team will be happy to take your questions during operating hours from Mondays to Fridays, 8.45 am to 5.30 pm. You may also contact us through WhatsApp at +65 6887 8777 or visit our website at www.etiqa.com.sg to start a live chat with us.
Your premiums are invested mostly in bonds. Investment return is affected by bond performance like actual profit / loss realization in addition to policyholder’s behaviour like withdrawal, surrender, etc.
You can purchase this plan for yourself if you fulfill the following criteria:1) You are a Singapore Resident with a valid NRIC or FIN; or 2) You are foreigner but you must be holding a valid Work Permit, Employment pass or Social pass. (For any changes in your Pass, Permit or Visit Programme after purchasing, please write in to our Customer Care Team at email@example.com to notify us.) 3) You are between age 17 to 75 (age next birthday).
Universal life plan is a whole life insurance that offers flexibility in the amount and timing of premium payments. This plan pays a death benefit and allow build-up of cash value through offering interest crediting rate. Our universal life plan offers a guaranteed minimum interest crediting rate.
Under MAS regulations, we are required to identify and put in place safeguards for customers who are Selected Clients. A Selected Client is someone who fulfills two of the following:
If you are a Selected Client, you may only proceed with the online purchase if you are comfortable to do so without a Trusted Individual. A Trusted Individual is someone who meets all the following:
If you are preparing to surrender or terminate any of your existing life insurance policies with this new proposal, you may wish to note that you may not receive any returns under your existing policies or the returns may be lesser than the total premium paid.
Also, please note of the disadvantages of replacing your existing plan:
a) You may not be insurable on standard terms;
b) You may have to pay a higher premium for the same level of benefits;
c) You may lose the financial benefit accumulated over the years; or
d) The terms and conditions may be different.
You should seek the advice of your financial adviser when in doubt or if you require further clarification.
You may return this policy for cancellation within 14 days after you receive the policy document, for any reason. If your policy document is sent by email, we consider this policy is delivered to you 1 day after the date of emailing.
Terms & conditions:
eEASY save V Promotion
|Total Premium Paid||Vouchers Received|
|$26,000 – $50,000||$110|
|$51,000 – $100,000||$220|
eEASY savepro Promotion
|First Year Premium paid||Policy Term||Vouchers Received|