HomeTeamNS Insurance scheme/Living Policy – Product Summary

Affordable and comprehensive insurance schemes specially designed for HomeTeamNS members.

HomeTeamNS and NTUC Income would like to serve your insurance needs better by offering you two low-cost insurance plans which are designed specially for you and your family. These attractive term life insurance plans give you the flexibility of choosing protection amounts in multiples of $10,000, up to a maximum of $300,000.

HomeTeamNS Insurance Scheme

Protects You
You can choose a sum assured of $100,000 and pay a premium of $127 a year or only $0.35¹ a day. Of course, the higher the sum assured, the better for you and your family.

Protects Your Family
You can also insure your spouse up to a maximum of $300,000 and your children² (age 5 and above) up to a maximum of $150,000 per child, as long as you are insured under the same plan.

Be Covered For:

	Payment
Death (from any cause)	Full sum assured
Death (from accidents)	Additional 25% of full sum assured
Permanent and Total Disablement (arising from illness & accidents)	Full sum assured plus additional 1% of the sum assured payable monthly over the next 24 months or till age 65, whichever is earlier
Permanent and Partial Disablement (from accidents)	Varying percentages of sum assured³

Low Premiums

Age Next Birthday	Up to 45	46 - 55	56 - 65
Annual Premium per $10,000 sum assured (per person)	$12.70	$20.80	$40.40

Premium rates are non-guaranteed and may be reviewed and revised from time to time.

HomeTeamNS Living Policy

Covers against Death, Permanent and Total Disablement, Dread Diseases and more
A low-cost yet comprehensive insurance plan specially packaged for HomeTeamNS members. You can select the sum assured you want in multiples of $10,000, up to a maximum of $150,000. For $50,000 sum assured, premium is $144.50 or only $0.40¹ per day!

Covers your family, too
Once you are insured with HomeTeamNS Living Policy, you can extend the coverage to your spouse, up to a maximum of $150,000, and your children² (age 5 and above) up to a maximum of $50,000 per child.

Be Covered For:

	Payment
Death (from any cause)	Full sum assured
Permanent and Total Disablement (from all causes)	Full sum assured
30 Dread Diseases	Full sum assured⁴
Hospital Benefit	$10 for each day of hospitalisation per $10,000 sum assured (subject to a max. of 365 days per confinement in Singapore).

Low Premiums

Age Next Birthday	Up to 45	46 - 55	56 - 60
Annual Premium per $10,000 sum assured (per person)	$28.90	$41.60	$80.80

Premium rates are non-guaranteed and may be reviewed and revised from time to time.

Exclusions

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

IMPORTANT NOTES

¹ Applicable only to insured members aged 45 years and below (age next birthday).

² The insurance cover for your dependants shall cease automatically when your cover ceases. In addition, the cover for your spouse shall cease upon the attainment of age 65 years for Insurance Scheme and age 60 years for Living Policy or when the spouse is separated or divorced from you. For male children, the cover shall cease upon the attainment of age 21 years or National Service enlistment date, whichever is earlier. Your dependants need to be covered under the same plan as you. The sum assured for your dependants should not exceed the sum assured for your cover unless your sum assured has been reduced by NTUC Income due to underwriting reasons.

³ Please refer to the Table of Compensation in the policy contract for the various percentages.

⁴ Not applicable to Angioplasty & Other Invasive Treatment for Coronary Artery, with payment capped at $25,000.

This website is for general information only and is not a contract of insurance. The precise terms, conditions and exclusions of the plans are specified in the Master Policy Contracts that are issued to HomeTeamNS. The cover for HomeTeamNS plans will automatically cease upon the termination of the Master Policies by either NTUC Income or HomeTeamNS. 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 these products are appropriate to your financial needs and insurance objectives. These policies do not have any cash value.

Information is correct as of 4 May 2011