Income - LUV Term Life Insurance

Important notes

1. Your husband or wife and children will be eligible for the application of coverage only if you, as the insured and member of NTUC, are covered under the same LUV cover, unless your application has been declined or postponed by Income in view of underwriting. The sum assured or plan type for your husband or wife and children should not exceed your sum assured or plan type unless your sum assured or plan type has been reduced by Income due to underwriting reasons. If you end your policy, the cover for your husband or wife and children will end. The cover for your husband or wife will also end if you are separated or divorced from your husband or wife.

2. Premium rate is applicable only to insured aged 19 to 45 (age next birthday) for sum assured at $100,000 under the Deluxe cover.

3. 30 critical illnesses coverage is only applicable under the Deluxe cover. Please refer to the list of 30 critical illnesses on our website. For major cancer, coronary artery bypass surgery, heart attack of specified severity and angioplasty and other invasive treatment for coronary artery, a waiting period of 90 days from the start date or reinstatement date (if any) of the insured’s cover, whichever is later will apply. For the other remaining critical illnesses, a waiting period of 30 days from the start date or reinstatement date (if any) of the insured’s cover, whichever is later will apply.

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