SAFRA Essential Term & Living Care
Which insurance is right for me?
Insurance has so many options and it can be tedious to understand. Our Income advisors are here to make it easier so that you can spend more time on what matters most. Make an appointment with our advisors today* and receive a $20 Frasers Experience (FRx) Gift Card to pep up your day.
*Please note that you will be directed to external websites hosted by Income which are not managed by SAFRA. Note that you are solely responsible for the personal data that you provide and your personal data shall be subject to their personal data policies.
Greater security in times of need.
Give your family¹ more security today, no matter what the future holds. With SAFRA Essential Term & SAFRA Living Care, you can enjoy insurance coverage for you and your beloved ones at affordable premiums.
Why is it good for me?
- Affordable premiums at just $1 per month²
- Worldwide coverage against Death and Total and Permanent Disability (TPD before the age of 65)³
- Partial & Permanent Disability benefit³ due to an accident with SAFRA Essential Term
- Additional 25% payout of the sum assured in the event of Death due to an accident with SAFRA Essential Term
- 37 Critical Illness cover and Hospital Cash Benefit⁴ with SAFRA Living Care
Eligibility & Criteria
You, your spouse and children must be SAFRA members and a Singaporean, Singapore Permanent Resident or foreigner who is working or residing in Singapore to apply for cover under this plan. Your spouse and child need to be covered under the same plan as you.
SAFRA Essential Term (Entry Age and maximum age coverage)
| Minimum entry age | Maximum entry age | Maximum age of coverage | |
| SAFRA member and husband or wife⁵ | 16 years old | 60 years old | 70 years old |
| Child | 5 years old | 15 years old | 21 years old |
Amount you can be insured for
- You can choose your sum assured in multiples of $10,000.
- The maximum sum assured for you and your spouse is $300,000 each (up to age 65) and $150,000 each (age 66 to 70).
- The maximum assured for your child is $300,000
SAFRA Living Care (Entry Age and maximum age coverage)
| Minimum entry age | Maximum entry age | Maximum age of coverage | |
| SAFRA member and husband or wife⁵ | 16 years old | 55 years old | 70 years old |
| Child | 5 years old | 15 years old | 21 years old |
Amount you can be insured for
- You can choose your sum assured in multiples of $10,000.
- The maximum sum assured for you and your spouse is $200,000 each (up to age 65) and $100,000 each (age 66 to 70).
- The maximum assured for your child is $300,000.
FAQs
Premium Rates
Click to view the SAFRA Essential Term & SAFRA Living Care premium rates
Apply here.
Important Notes
- Your spouse and children who are SAFRA members will be eligible for the application of coverage only if you, as the Insured and Principal member of SAFRA, are covered under the same type of SAFRA plan. The sum assured for your spouse and children should not exceed your sum assured unless your sum assured has been reduced by Income due to underwriting reasons.
- Premium rate is applicable only to insured member aged 18-30 years (age next birthday) for sum assured at $10,000 under SAFRA Essential Term.
- No benefit shall be paid for Total and Permanent Disability or Partial and Permanent Disability on or after the age of 65. Table of Compensation will apply for Partial and Permanent Disability due to an accident before age 65. Please refer to the Table of Compensation on our website.
- You will receive daily cash payment of $200 ($10.00 for every $10,000 of the sum assured) up to a maximum of 365 days per hospital stay in Singapore if your sum assured is at $200,000 for SAFRA Living Care.
- The coverage for your spouse will also end when your spouse is separated or divorced from you.
Disclaimers
This page is for general information only. SAFRA is the master policyholder. You can find the usual terms and conditions of SAFRA Essential Term and SAFRA Living Care in the master policy contracts issued to SAFRA. The cover for SAFRA plans will automatically end upon the termination of the master policy by either Income or SAFRA. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance adviser. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want. These plans do not have any cash value.
SAFRA Essential Term and SAFRA Living Care are underwritten and issued by Income.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Income or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).
This advertisement has not been reviewed by the Monetary Authority of Singapore.
Information is correct as of 1 Sep 2022