DIRECT-LICS New Secure Future Term Plan

  • What is DIRECT-LICS New Secure Future Term Plan?
    It is a term product available to customers who are buying direct without any financial advice.
  • What is Term Insurance Plan?
    Term Insurance Plan Provides you Insurance Protection for a fixed period. It pays the sum assured up on death of the life insured or if the insured becomes totally and permanently disabled or when the insured suffers from critical illness(if these benefits are included) during this period.

  • What is the definition of Selected Client?
    Selected Client is one who meets at least 2 of the following criteria:
    a) Is 62 years of age or older
    b) Is not proficient in spoken or written English; and
    c) Has below GCE .O. Level or .N. level certifications, or equivalent academic qualifications

  • What is the definition of Trusted Individual?
    A Trusted Individual is defined as an individual who meets all of the following criteria:
    a) At least aged 18;
    b) Possess at least GCE .O. or .N. level certifications or equivalent academic qualifications;
    c) Be proficient in spoken or written English; and
    d) Be a person who has the trust of the Selected Client.
  • Will my application be subject to underwriting?
    Yes, your application will be subject to underwriting. We will keep you informed on the outcome of the underwriting.
  • When Will the insurance coverage commence?
    Insurance coverage commences upon underwriting approval and receipt of premium payment. We will inform you the date of commencement of cover in writing.
  • What are the methods of payment available?
    We offer the following payment methods:
    a) By direct payment e.g. cheque, cashier.s cheque.
    b) Subsequent premium payments have to be made using GIRO, cashier.s cheque or cheques.
  • What is total and permenent disability (TPD)?
    The Life Assured due to accident or sickness, suffers total and irrecoverable loss of use of:
    a) The entire sight in both eyes;
    b)Any two limbs at or above the wrist or ankle; or
    c) The entire sight in one eye and any one limb at or above the wrist or ankle.
  • What is Terminal Illness?
    Terminal Illness is the situation in which you have a medical condition that, in a medical professional opinion, will lead to death within the next 12 months.
  • Why am I asked to go for a medical check-up?
    You have been asked to undergo a medical check-up as we require further medical evidence to assess your policy application. This is required due to either your health condition or the amount of coverage that is being applied for.
  • Do I need to pay for the medical check-up?
    You do not need to pay for the medical examination and test fees which are requested by LIC Sinagpore.
  • Whether my recent test reports can be used instead of going for another medical Test?
    Yes, the recent test report can be submitted as it is valid for one year.
  • For medical check-up, can I go to a clinic of my choice in Singapore?
    Medical examination and tests must be conducted at our panel clinics.
  • Tell me about Life Insurance Corporation (Singapore) Pte Ltd.
    Life Insurance Corporation (Singapore) Pte Ltd is Wholly Owned Subsidiary of Life Insurance Corporation (LIC) of India. LIC of India is fully owned by the government of India and has network of more than 4500 offices in India with customer base of more than 300 million. It is the largest life insurer in India with total assets exceeding US$ 300 billion. LIC of India consistently tops the Insurance sector in all Brand Surveys as the most trusted brand in India.
  • How can I buy this Policy?
    This product can only be purchased directly from LICS. It is not available for sale throughother distribution channels and no financial advice will be provided.
  • Is this Policy covered under Policy Owners' Protection Scheme?
    Yes. This policy is covered under Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). LIC(S) is a member of Policy Owners' Protection Scheme. Coverage for your policy is automatic and no further action 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 visit the SDIC web site: