In the event of the policyholder’s death, his/her legal spouse is eligible for term life cover of up to S$250,000 for one year.
If we pay the sum insured for the Death Benefit under this policy (for death or terminal illness claim), the legal spouse of the life insured can ask us to issue a new complimentary policy
- with a sum insured of 50% of the Death Benefit or S$250,000 (whichever of the two is lower), which will be payable if he/she passes away or suffers from Terminal Illness (TI); and
- a policy term of one year to himself/herself without any underwriting.
The legal spouse must be aged 55 or under at the time of his/her complimentary policy issuance.
The complimentary insurance policy issued to the legal spouse cannot be renewed or extended beyond the first (1) year.