Income Insurance

HomeTeamNS Living Policy and Insurance Scheme

Protect you and your family with affordable term life insurance plans specially designed for HomeTeamNS members. These attractive term life insurance plans give you the flexibility of choosing protection amounts in multiples of $10,000, up to a maximum of $300,000.

 

HomeTeamNS Insurance Scheme

PROTECTS YOU


You can choose a sum assured of $100,000 and pay a premium of $127 a year or only $0.351 a day. Of course, the higher the sum assured, the better for you and your family.

PROTECTS YOUR FAMILY2


You can insure your spouse3 up to a maximum of $300,000 and your children4 up to a maximum of $150,000 per child, as long as you are insured under the same plan.
Coverage Payment
Death (from any cause) Full sum assured.
Death (from accidents) Additional 25% of full sum assured.
Permanent and Total Disablement (arising from illness and accident) Full sum assured plus additional 1% of the sum assured payable monthly over the next 24 months or till age 65, whichever is earlier.
Permanent and Partial Disablement (from accidents) Varying percentages of sum assured5

Affordable Premiums

Age Next Birthday Annual Premium per $10,000 sum assured (per person)
Up to 45 $12.70
46 – 55 $20.80
56 – 65 $40.40
*Premium rates are non-guaranteed and may be reviewed and revised from time to time.
*The premiums that you pay are based on the sum assured and insured’s age next birthday. Premium rates will be change when the insured enters a higher age band.

HomeTeamNS Living Policy

Covers against Death, Permanent and Total Disablement, Dread Diseases and more

A low-cost yet comprehensive insurance plan specially packaged for HomeTeamNS members.  You can select the sum assured you want in multiples of $10,000, up to a maximum of $150,000.  For $50,000 sum assured, premium is $144.50 or only $0.401 per day!

Covers your family2

Once you are insured with HomeTeamNS Living Policy, you can extend the coverage to your spouse6, up to a maximum of $150,000, and your children4 up to a maximum of $50,000 per child.

Coverage Payment
Death (from any cause) Full sum assured.
Permanent and Total Disablement (from all causes) Full sum assured.
Daily Hospital Benefit
  • Full sum assured7
  • $10 for each day of hospitalisation per $10,000 sum assured (subject to a max. of 365 days per confinement in Singapore).

Affordable Premiums

Age Next Birthday Annual Premium per $10,000 sum assured (per person)
Up to 45 $28.90
46 – 55 $41.60
56 – 60 $80.80
*Premium rates are non-guaranteed and may be reviewed and revised from time to time.
*The premiums that you pay are based on the sum assured and insured’s age next birthday. Premium rates will be change when the insured enters a higher age band.

Exclusions

There are certain conditions whereby the benefits under the plans will not be payable. You can refer to the Policy Contract for the precise terms, conditions and exclusions of the plans. The Policy Contract will be issued when your application is accepted.

Proposals received on or before the 15th of the month will commence (upon approval) on the 1st of the following month. Upon acceptance, a Certificate of Insurance will be issued to you. In the meantime, you will enjoy accidental death coverage not exceeding 60 days from the date of receipt of the completed proposal form and premium.

IMPORTANT NOTES

  • 1 Applicable only to insured members aged 45 years and below (age next birthday).
  • 2 Your spouse and your child need to be covered under the same plan as you. The insurance cover for your spouse and your child shall cease automatically when your cover ceases. The sum assured for your spouse and your child should not exceed the sum assured for your cover unless your sum assured has been reduced by Income due to underwriting reasons.
  • 3 For HomeTeamNS Insurance Scheme, you and your spouse must be at least 16 years old at the point of application. The maximum entry age for you and your spouse is 64 years old and coverage will cease upon the attainment of age 65 years. The coverage for your spouse will also cease when your spouse is separated or divorced from you.
  •  4 Your child must be at least 5 years old at the point of application. The maximum entry age for your child is 15 years old. For male children, the cover shall cease upon the attainment of age 21 years or National Service enlistment date, whichever is earlier.
  • 5 Please refer to the Table of Compensation in the policy contract for the various percentages of sum assured payable.
  • 6 For HomeTeamNS Living Policy, you and your spouse must be at least 16 years old at the point of application. The maximum entry age for you and your spouse is 59 years old and coverage will cease upon the attainment of age 60 years. The coverage for your spouse will also cease when your spouse is separated or divorced from you.
  •  7 Not applicable to Angioplasty & Other Invasive Treatment for Coronary Artery, with payment capped at $25,000.
  • This website is for general information only and is not a contract of insurance.  The precise terms, conditions and exclusions of the plans are specified in the Master Policy Contracts that are issued to HomeTeamNS.  The cover for HomeTeamNS plans will automatically cease upon the termination of the Master Policies by either Income or HomeTeamNS.  You should seek advice from a qualified adviser if in doubt.  If you choose not to, you will have to take sole responsibility to ensure that these products are appropriate to your financial needs and insurance objectives.  These policies do not have any cash value.
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