Forte Comprehensive Group Care

Forte Life Comprehensive Group Care is a group insurance scheme specially designed for corporate employees and association members. It is a cost-effective, voluntary participation scheme with a yearly renewable term.

Give your team and their loved ones a blanket of protection with a low-cost insurance scheme that allows them to live life confidently with courage and save up for their eventual retirement.

Participating members have 4 options to choose from with different monthly premium amounts, which will be deducted by the participating corporation or association's HR or Finance department at source and remitted to Forte Life Assurance.

This unique plan allows participating members to:

Secure financial protection at a low cost
Accumulate his/her own retirement funds at age 60
Extend the coverage to spouses and children.

Coverage and benefits provided:

Death benefit due to All Causes – Lump sum payment equal to the Sum Assured.
Death benefit due to Accident – Lump sum payment equal to the Sum Assured which is equal to
200% of the death Sum Assured.
Total Permanent Disablement (TPD) due to All Causes – Lump sum payment equal to the Sum
Assured.
Total Permanent Disablement (TPD) due to Accident – Lump sum payment equal to the Sum Assured
which is equal to 200% of the TPD Sum Assured.
Funeral expenses at USD1,000 flat for all plans due to any cause of death, except for USD5 plans,
which will receive USD500.
Accumulated Cash Benefit (ACB) – The monthly premium collected shall be deducted against risk
charges and all other applicable insurance expenses. Any surplus amount will be deposited with
Forte Life for accumulation and growth at an annual rate which will be declared by the company on a
yearly basis.
For those 50 and above, all types of coverage and benefits will be adjusted to 75% of the selected
Sum Assured. The monthly premium amount remains unchanged.

How much premium do I have to pay?

Participating members have a choice to select a plan with a minimum monthly premium from as little as USD5 to a maximum of USD20. The recommended total monthly premium contribution which includes the participation member, their spouse and their children, if applicable, should not be more than 10% of the participating member's monthly gross income to ensure the plan selected reflects their needs and that their family's financial well-being comes first.
The minimum monthly premium is USD5.
This product is applicable to Life Assured with standard risk only. Life Assured with sub-standard risk will not be considered.
The premium will be deducted monthly by the employee’s HR, Finance Department or the member’s organization until the participating member is 60 years old or when they resign, or by the membership termination date, whichever comes first.
Grace period: HR or the member’s organization are given 30 days of grace period after the due date to make a premium payment directly to Forte Life.