What is IdealIncome?

IdealIncome is a term plan that offers protection against short and long-term disability caused by either accident or illness, providing you income that continues to support you and your loved ones. The flexible coverage is guaranteed renewable and continues until your chosen age of retirement (55, 60, or 65).

What are the benefits?

The benefits of IdealIncome in the event of a disability:

• Receive monthly benefit of up to 75% of your income under Total Disability Benefit
• Receive a Partial Disability Benefit when you are able to return to work at a lower capacity, after total disability.
• Waiver of premiums while you are receiving benefits
• Death benefit of S$5,000 payable if death occurs while claiming for total or partial disability benefit
• Choice of escalating your monthly benefit to 3% per annum^, keeping up with inflation

^Escalation Benefit (only applicable if escalation benefit option is chosen) The Working Total Disability and Partial Disability Benefit will increase at the rate of 3% per annum, compounded at each Policy Anniversary, starting from the Policy Anniversary immediately following the date that benefit first became payable.

IdealIncome also supports you when you are on your journey to recovery with the following rehabilitation benefits:

• Reimbursement up to 3 times the monthly total or partial disability benefit
• Purchase of specialised equipment or therapy required for rehabilitation and recovery

What is Total Disability Benefit?

Total Disability Benefit is payable upon continuous disability beyond the Deferred Period.

1. During working periods:
"Total Disability" means a state of incapacity, resulting from illness or accident, which is such that the Life Assured is (a) totally unable to perform the material duties of i. his own occupation or profession for the first twenty four (24) months of any period of Total Disability; and ii. any occupation or profession to which he is suited by reason of his training, education or experience after the first twenty four (24) months of any period of Total Disability; and (b) not performing any work or engaged in any occupation or profession to earn or obtain any remuneration, whether declared or undeclared to the company.

2. During non-working periods:
In the event that the Life Assured ceases employment, the policy will continue for a period of 2 years from the date where such non-working period started, or until the benefit cessation date if this is prior to the expiry of the two-year period. "Total Disability" means a state of incapacity, resulting from illness or accident, which is such that the Life Assured is unable to perform at least three (3) of the following activities of daily living without the continual physical assistance of another person. The activities include dressing, washing, mobility, toileting, transferring and feeding.

The diagnosis of "Total Disability" must be confirmed by a Registered Medical Practitioner appointed by Aviva Ltd.

Is there any maturity value?

As with other term plans, this plan does not have any cash value or maturity value.

Who is eligible for IdealIncome?

If you are 22 years old (age next birthday), you can apply for IdealIncome.

What is Deferred Period?

The deferred period is a minimum period stated in policy schedue, which starts from the commencement of the Life Assured's Total Disability, during which the Total Disability must be continuous before benefits will become payable.

Please note that the premiums are not guaranteed and may be adjusted based on future experience or due to changes in occupation or country of residence.

How do I get more information?

Contact dollarDEX for more information and to plan your financial needs.

The information on this page is only an overview of the benefits of IdealIncome, and not a contract of insurance. The detailed terms and conditions of this plan are provided in the relevant policy contract.