ValuePac


ValuePac provides a comprehensive coverage on death and Total and Permanent Disability (TPD). The lump sum benefits would be paid upon the first occurrence of death or TPD to the life assured. You will find this plan affordable as it is developed to best suit your income profile without limiting your ability to spend for other things that is dear to you.

• Affordable protection to ease your financial burden
  
• Various terms available to suit your different financial goals
• Renewability and Conversion option to meet your changing needs

• What is ValuePac?
  ValuePac is a non-participating regular premium term plan that aims to provide protection for the Insured. It covers death   and Total and Permanent Disability. The sum insured is payable on the first occurrence of death or TPD. The coverage terms available are 5-year, 10-year, 15-year, 20-year or up to age 60.
  

• How should I choose the term of coverage?
  ValuePac has these available terms to provide different coverage options and possibilities for you. It is important that the coverage term chosen should match your specific need and period of required protection.
  

• What are the premium payment terms?
  Premium payment term will follow coverage term.
  

• Is the premium rate guaranteed?
  Yes, premium rate is guaranteed throughout the coverage term.
  

• Is the premium competitive?
  ValuePac premium is very competitive due to the lower surrender value vis-à-vis other plans.
  

• What will happen to my policy if I pay my premium late?
  You will be given a 31-day grace period from the premium due date to pay your renewal premium, during which   your policy will remain in force. If the Basic Premium is not paid after the expiry of the 31-day grace period, Extended   Term Insurance will be applied.
  

1. You should satisfy that this plan will best serve your needs and the premium payable under the policy is an amount you can afford.
2. This policy does not have a guaranteed minimum cash value upon surrender until after you have paid premium for 3 years.
3. You may get back less than the amount you have paid if you surrender the policy.
4. If you are not completely satisfied with the policy, you may return the policy and request the cancellation of the policy within 15 days from the date the policy is delivered to you. We will then refund the basic premium paid less any medical expenses incurred.
5. Renewability option and Conversion option are only available to the Insured who is standard class when the policy is issued.
6. Major exclusions
This policy shall not cover:

a. Suicide within 1 year from the policy date or any date of reinstatement, whichever is later.
b. Total and permanent disability resulting from intentionally self-inflicted injury; any act due to war, declared or not; or military, naval or air service for any country at war, declared or not.