Faith, your friendly assistant
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Recent activity by Faith, your friendly assistant-
How much insurance coverage can I buy?
You can insure yourself for up to S$400,000 per insurer, with a cap of S$200,000 for whole life DPI.The following are some scenarios to illustrate how the cap of S$400,000 for DPI and sub-limit of ...
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How much insurance coverage do I need?
You should consider your financial commitments (e.g. loans, family expenses and children’s educational needs) and existing insurance coverage, including insurance provided by your employer, when de...
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Should I buy a critical illness (CI) rider for my DPI?
Once you have chosen a term or whole life DPI, you may choose to add a CI rider. The CI rider pays out the full coverage amount of a term or whole life DPI in a lump sum either when you are first d...
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What is the difference between a term life DPI and a whole life DPI?
A term life DPI provides insurance protection for a fixed period of time and may be suitable if you wish to provide for your financial dependants until they become self-reliant. There will be a pay...
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What are the types of DPI offered?
There are two main types of DPI available: a. Term life with total and permanent disability (TPD) cover and an optional critical illness (CI) riderb. Whole life with TPD cover and an optional CI ri...
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What is Direct Purchase Insurance (DPI)?
DPI is a type of life insurance product that you can buy directly from insurance companies, without paying any commissions. You do not need to pay commissions because these products are sold withou...
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Are deductibles and co-insurance payable for FWD Cancer 100?
No, FWD Cancer 100 provides 100% sum insured payout with 0 deductible and 0 co-insurance, if the person insured is diagnosed with major cancer (late-stage cancer) and is undergoing or has completed...
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What if I change my mind after purchasing the policy?
There is a 14-calendar day free-look period. During this time, if you decide to cancel your policy, we shall refund you the full amount you have paid. However, if you have made a claim from your po...
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I have a ‘US indicia’. Will I be subjected to Foreign Account Tax Compliance Act (FATCA) requirements when I buy FWD Cancer 100 insurance?
No, because this plan does not have a cash value – that is, no surrender value, and no investment or savings component. This means your policy will not be subject to FATCA’s reporting requirements.
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What documents will I receive after successfully purchasing FWD Cancer 100 insurance?
You will receive the following documents from us. Official receipt, as proof of payment. Application form, which specifies the information you provided us, including your personal details, health ...