SAFRA Essential Term – Product Summary

Take the necessary steps to alleviate unexpected burdens should life’s uncertainties occur. Enjoy the exclusive coverage that SAFRA Essential Term offers, easily within your means.

It includes:

24-hour worldwide coverage for death and total and permanent disability¹
Full sum assured payable in the event of death from any cause. Additional 25% of sum assured payable in the event of death due to an accident
Full sum assured plus 1% of sum assured payable in the event of total and permanent disability¹
Benefit payouts for partial and permanent disability due to an accident (varying percentages of sum assured) according to the type of loss stated in the Table of Compensation.

Affordable premiums

With premium rates at $1.00² per month, you will be able to enjoy basic insurance coverage and protection with SAFRA Essential Term.

Eligibility for SAFRA Essential Term

Principal member and spouse must be 60 years and below (attained age) at entry level. Coverage for both Principal member and spouse is up to age 70.
Child member must be 15 years and below (attained age) at entry level. Coverage for Child member will cease upon attaining age 21.

Your spouse and child need to be covered under the same plan as you.

Apply for SAFRA Essential Term today!

Complete the “Application Form”and submit it to SAFRA National Service Association by the 26th of the month for the policy to be incepted the following month.

SAFRA National Service Association
c/o Business Development Division
2 Telok Blangah Way
Singapore 098803

Please complete the "Application for SAFRA Insurance (For Dependant Child) Form " if you are insuring your child.

Call NTUC Income at 6788 5515 or SAFRA at 6377 9147/9144.
Email ins@safra.sg or visit www.safra.sg

All applications will have to be accompanied by payment. Premiums may either be paid monthly or yearly. For monthly payment mode, the premium will have to be pre-paid for the first 2 months by Cash/NETS/Cheque/Money Order. Subsequent monthly payments have to be made through SAFRA’s Interbank Giro.

If you wish to increase your sum assured, please complete the "Alteration Form (SAFRA Policy Only)" and “Declaration of Continued Insurability Form” which can be obtained from Income’s website or any SAFRA Clubs. Please note that any increase in sum assured will be subject to underwriting approval and the maximum sum assured limits of your existing policies.

To apply for or renew the coverage, any outstanding SAFRA membership subscription must first be settled. The application or renewal of insurance coverage for child members are dependent on the validity of the principal member’s membership.

IMPORTANT NOTES:

¹ Total and permanent disability is payable only if it occurs before age 65.

² Insured member at age 18 – 30 (age next birthday) with sum assured of $10,000.

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

This website is for general information only and is not a contract of insurance. The precise terms, conditions and exclusions of this plan are specified in the Master Policy Contract issued to SAFRA. The cover for SAFRA plans will automatically cease upon the termination of Master Policy by either NTUC Income or SAFRA. 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 this product is appropriate to your financial needs and insurance objectives. This policy does not have any cash value.