Singlife Disability Income Review

Singlife Disability Income (previously known as Aviva IdealIncome) offers replacement income for short and long-term disability caused either by accidents or illnesses.

Flexible coverage is guaranteed renewable and continues until your chosen age of retirement (55, 60, or 65 years). Enjoy perpetual 35% off premiums on your first year and future premiums.

Singlife Disability Income product details

• Non-participating policy – Disability Income Insurance
• Protection against short and long-term disability caused either by accidents or illnesses
• Providing you with a replacement income that continues to support you and your loved ones during disability
• Flexible coverage is guaranteed renewable and continues until your chosen age of retirement (55, 60, or 65 years)
• Receive monthly benefit of up to 75% of your income
• Waiver of premiums while you are receiving benefits
• Receive a Partial Disability Benefit when you are able to return to work at a lower capacity, after total disability.
• Choice of escalating your monthly benefit by 3% per annum, keeping up with inflation
• Death benefit of S$5,000 payable if death occurs while receiving the total or partial disability benefit
• Reimbursement up to 3 times the monthly total or partial disability benefit for rehabilitation purpose
  
  

Read About: 3 things to consider before taking up a new financial product

Features of policy at a glance

Cash and Cash Withdrawal Benefits
Cash value: No
Cash withdrawal benefits: No

Health and Insurance Coverage
Death: NA
Total Permanent Disability: NA
Terminal Illness: NA
Critical Illness: NA
Early Critical Illness: NA

Health and Insurance Coverage Multiplier
Death: NA
Total Permanent Disability: NA
Terminal Illness: NA
Critical Illness: NA
Early Critical Illness: NA

Optional Add-on Riders
NA

Additional Features and Benefits
Yes.

For further information and details, refer to Singlife website. Alternatively, fill up the form below and let us advise accordingly.

Read Also: No budget for financial planning?

Is Singlife Disability Income suitable for me?