Life insurance to bridge your protection gap
Protect you and your loved ones from life’s uncertainties
Choose from Whole Life and Term Life plans
Life protection from $0.04/day
No medical examination required
Guaranteed policy renewal
Option to accumulate cash value
with Whole Life Plan
Protection against 30 critical illnesses*
*For DIRECT – Etiqa term life and DIRECT – Etiqa whole life only
Protect your life with flexibility of choices
| FLEXIBLE COVERAGE | • Choose the amount of protection you need • No medical examination is required ^ |
| CHOICE OF COMMITMENT PERIOD | Choose the sum insured and duration of coverage you require: • Protection for short-term obligation: Choose a term plan with 5-year renewable term (renewal guaranteed) ^^ • Long-term protection with certainty: Choose a term plan with 20-year fixed term or be covered till 65 years old • Lifetime protection: Choose a whole life plan with limited-pay up to age 70 or 85 years old |
| CHOICE OF CASH VALUE | To accumulate cash value, choose a whole life plan with lifetime cover |
| CHOICE OF EXTRA PROTECTION | Take precaution against 30 critical illnesses with the optional DIRECT - Etiqa CI rider * (only available with DIRECT – Etiqa term life or DIRECT – Etiqa whole life) |
^Refer to FAQs below for more information
^^For DIRECT – Etiqa term life and ePROTECT term life only. At an updated premium at age of renewal
Term Life or Whole Life Plans
Choose from short-term to lifetime coverage
DIRECT - Etiqa term life
Plan Type
Term plan: Life protection for selected term
Sum Insured
$50,000 - $400,000
Policy Term
5-year renewable term, 20-year fixed term to be covered till 65 years old
Premium Term
Same as policy
Guaranteed renewal
Cash value and reversionary bonus accumulation
ePROTECT term life
Plan Type
Term plan: Life protection for selected term
Sum Insured
$401,000 - $2 million
Policy Term
5-year renewable term, 20-year fixed term to be covered till 65 years old
Premium Term
Same as policy
Guaranteed renewal
Cash value and reversionary bonus accumulation
DIRECT - Etiqa whole life
Plan Type
Whole life plan: Lifetime protection
Sum Insured
$50,000 - $200,000
Policy Term
Lifetime
Premium Term
Pay till age 70 or 85
Guaranteed renewal
N.A
Cash value and reversionary bonus accumulation
Tailoring the plans to your needs
Curated plans to cover unique needs at different stages of your life
Apprentice
Affordable Premium
Protect to suit your budget
Strategist
Best Value Premium
High Coverage at Lower Costs
Professional
Levelled Premium
Lifetime Protection & Cash Value Gain
| Name: | Jane |
| Age: | 25 |
| Occupation: | Engineer |
| Life Insurance: | The Apprentice understands the need to protect against life’s unforeseen circumstances, especially when one has a limited budget and short-term obligations such as study loan, wedding loan or even housing loan. With DIRECT – Etiqa term life, rainy days are not as miserable as they seem. |
| Premiums* | |
| Premium | $46.20 per year or $0.13 per day |
| Premium and Policy Terms | 5 years, renewable |
| Sum Insured | $200,000 |
*Premium is based on a Female, non-smoker, 25 years old (age next birthday) for illustration only
| Name: | Aziz |
| Age: | 30 |
| Occupation: | Engineer |
| Description: | Getting married in 6 months |
| Life Insurance: | The Strategist knows the importance of looking beyond the surface. He is motivated to get the best life protection and value at a lower cost. Here, Aziz compares DIRECT - Etiqa term life and ePROTECT term life. |
High coverage at lower costs | ||
| ePROTECT term life | DIRECT - Etiqa term life | |
| Premiums1 | ||
| Premium | $459.00 per year | $107.10 per year |
| Premium and Policy Terms | Fixed at 20 years | Fixed at 20 years |
| Sum Insured | $1 Million | $200,000 |
| Premiums based on $100,000 coverage: | ||
| Premium | $45.90 per year or less than $0.13 per day | $53.55 per year or less than $0.15 per day |
1 Premium is based on a Male, non-smoker, 30 years old (age next birthday) for illustration only
2 Calculated premiums based on $100,000 coverage
Although the premium looks higher at first glance, ePROTECT term life offers a more cost-effective way to enjoy higher protection at a lower cost.
| Name: | Mr Lee |
| Age: | 35 |
| Occupation: | Working Professional |
| Description: | Married with two kids |
| Life Insurance: | The Professional likes to be in control, plan for the future and hedge against changes. With DIRECT - Etiqa whole life, one can get lifetime protection at a levelled premium and gain reversionary bonus obtainable as surrender value or death benefit. |
| Premiums 1 | |
| Premium | $3,370.00 per year or $9.23 per day |
| Premium Term / Policy Terms | Till age 70 / Whole Life |
| Sum Insured | $200,000 |
| Options at age 70 (total premiums paid will be $117,960) | |
| (A) Surrender policy at $228,185, at illustrated investment rate of return of 4.75% 2 (B) Retain policy for death, total permanent disability and terminal illness protection and be assured that your family will receive your legacy and be covered in case of unexpected events. | |
Past performance is not necessarily indicative of the future performance.
As the bonus rates used for the benefits illustrated above are not guaranteed, the actual benefits payable will vary according to the future performance of the participating fund.
1 Premium is based on a Male, non-smoker, 35 years old (age next birthday) for illustration only
2 The above illustrated values use bonus rates assuming an investment rate of return of 4.75% per annum. Assuming an illustrated investment rate of return of 3.25% per annum, the total surrender value at age 70 is $158,361. The two rates 3.25% per annum and 4.75% per annum are used purely for illustrative purposes and do not represent the upper and lower limits on the investment performance of the participating fund.
Frequently Asked Questions
DPI – identified by the prefix “DIRECT” in their product names – are life insurance products that you can buy directly from insurance companies, without paying any commissions. You do not need to pay commissions because these products are sold without any financial advice.
With DIRECT – Etiqa term life and ePROTECT term life, you can get up to S$1.5 million of coverage without the need for a medical check for customers up to age 40 and in the pink of health. If a medical check is required, we will bear the cost. For customers above age 55, the allowable limit for purchase without medical check-up is S$100,000.
With DIRECT – Etiqa whole life, you can get up to S$200,000 of coverage without the need for a medical check if you are in the pink of health. If a medical check is required, we will bear the cost. For customers above age 55, the allowable limit for purchase without medical check-up is S$100,000.
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Important notes:
This policy is underwritten by Etiqa Insurance Pte. Ltd. This content is for reference only and is not a contract of insurance. Full details of the policy terms and conditions can be found in the policy contract. The information contained on this product advertisement 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. You should seek advice from a financial adviser before deciding to purchase the policy. If you choose not to seek advice, you should consider if the policy is suitable for you.This policy is 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 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 contact us or visit the Life Insurance Association (LIA) or SDIC websites.
DIRECT – Etiqa whole life As buying a life insurance policy is a long-term commitment, an early termination of the policy usually involves high costs and the surrender value, if any, that is payable to you may be zero or less than the total premiums paid.
DIRECT – Etiqa term life, ePROTECT term life As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.
Information is correct as of 16 August 2019. This advertisement has not been reviewed by the Monetary Authority of Singapore.
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