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MaxTriple Care
  MaxTriple Care
  1. What is MaxTriple Care? What does it cover?
  2. Are there any supplementary riders that can be attached to MaxTriple Care?
  3. Can I change the Sum Assured of my plan?
  4. Can I change my payment frequency?
  5. Can I pay my future premiums through Interbank Giro?
  6. Are the premium rates guaranteed?
  7. What happens if I stop paying premiums?
  8. Can I take a policy loan?
  9. Does MaxTriple Care acquire cash surrender value?
  10. How does MaxTriple Care pay for Death or Total and Permanent Disability?
  11. What do I receive if I am diagnosed with any of the 3 covered critical illnesses and what happens to the policy?
  12. Who should I contact if I want to make a claim?
  13. Who should I contact for future queries on MaxTriple Care?
 Answers
1:What is MaxTriple Care? What does it cover?
  Ans:

MaxTriple Care is a non-participating Regular Premium term insurance plan that provides protection to the life assured for 15 years in the event of death, Total and Permanent Disability and the 3 Critical Illnesses (Major Cancers, Heart Attack and Stroke). However, for the first policy year, the company will only pay the death/total and permanent disability benefit if it is due to accidents. For death due to non-accidental causes, premiums paid will be refunded provided there is no Critical Illness Claim earlier, or else the policy will be terminated without any refund of premiums.

 

If the life assured is diagnosed with any of the 3 covered Critical Illnesses, 50% of the Basic Sum Assured will be accelerated provided no critical illness claims have been made before. The policy will continue with the remaining 50% of the Basic Sum Assured covering Death or Total Permanent Disability and all future premiums will be waived from the next premium due date.

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2:Are there any supplementary riders that can be attached to MaxTriple Care?
  Ans:

There are no supplementary riders available at the moment.

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3:Can I change the Sum Assured of my plan?
  Ans:

Sum Assured of your plan can be changed but subject to certain conditions. Please call the Customer Service hotline at 1800 363 3333 (press 5 for insurance queries) for more information.

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4:Can I change my payment frequency?
  Ans:

Yes, you can change your preferred payment frequency to Monthly, Quarterly, Semi-Annually or Annually. All you have to do is to fill up "Application for Change Form". Please call the Customer Service hotline at 1800 363 3333 (press 5 for insurance queries) or you may download the form from www.lifeisgreat.com.sg.

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5:Can I pay my future premiums through Interbank Giro?
  Ans:

Yes. You can pay your future premiums through Interbank Giro. All you have to do is to fill up a “Giro Application Form”. Please call the Customer Service hotline at 1800 363 3333 (press 5 for insurance queries) or you may download the form from www.lifeisgreat.com.sg.

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6:Are the premium rates guaranteed?
  Ans:

Premium rates are not guaranteed. The Company may amend the rates of premium at any time with at least 45 days notice before the next premium due date.

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7:What happens if I stop paying premiums?
  Ans:

You are given 30 days from the due date of the premium (grace period) to make the premium payment. If you do not make your premium payment within the grace period, the policy will lapse and coverage will stop.

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8:Can I take a policy loan?
  Ans:

Policy Loan is not available for MaxTriple Care.

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9:Does MaxTriple Care acquire cash surrender value?
  Ans:

No, MaxTriple Care does not acquire cash surrender value.

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10:How does MaxTriple Care pay for Death or Total and Permanent Disability?
  Ans:

MaxTriple Care covers Death or Total and Permanent Disability. If either one of the events happens, the Sum Assured less Critical Illness benefit paid out (if any) is payable in one lump sum and the policy terminates. However, for the first policy year, the company will only pay the death/total and permanent disability benefit if it is due to accidents. For death due to non-accidental causes, premiums paid will be refunded provided there is no Critical Illness Claim earlier, or else the policy will be terminated without any refund of premiums.

The maximum disability benefit per life for all policies is $2,000,000.

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11:What do I receive if I am diagnosed with any of the 3 covered critical illnesses and what happens to the policy?
  Ans:

If you are diagnosed with any of the 3 covered critical illnesses, an advance payout of 50% of the basic sum assured will be payable in one lump sum if no claims have been made before. Critical Illness Benefit shall not exceed $650,000 per life for all policies.

The policy will continue with the remaining 50% of the basic sum assured covering Death or Total and Permanent Disability and all future premiums will be waived from the next premium due date.

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12:Who should I contact if I want to make a claim?
  Ans:

You may call the Customer Service hotline at 1800 363 3333 (press 5 for insurance queries) if you wish to make a claim or you may download the form from www.lifeisgreat.com.sg.

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13:Who should I contact for future queries on MaxTriple Care?
  Ans:

If you have any queries on MaxTriple Care, please call the Customer Service hotline at 1800 363 3333 (press 5 for insurance queries).

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