Forte Life Protect

Key Benefits

Death or Total and Permanent Disablement (TPD) due to Accident In the event of Death or Total and Permanent Disablement (TPD) of the Life Assured due to Accident, 200% of the Guaranteed Sum Assured as stated in the Policy shall be payable.

In the event of Death or Total and Permanent Disablement (TPD) of the Life Assured due to Accident, 200% of the Guaranteed Sum Assured as stated in the Policy shall be payable.

Death or Total and Permanent Disablement (TPD) due to All Causes In the event of Death or Total and Permanent Disablement (TPD) of the Life Assured due to All Causes, 100% the Guaranteed Sum Assured as stated in the Policy shall be payable.

In the event of Death or Total and Permanent Disablement (TPD) of the Life Assured due to All Causes, 100% the Guaranteed Sum Assured as stated in the Policy shall be payable.

Maturity Benefit At the end of the Policy Term, 100% of the Guaranteed Sum Assured plus Special Benefit (1% or 2% per year) shall be payable.

At the end of the Policy Term, 100% of the Guaranteed Sum Assured plus Special Benefit (1% or 2% per year) shall be payable.

How much premium do I pay?

We work with you and your finances.

We recommend allocating 10% of your income for premiums for protection and fund accumulation.

For example, if you reserve USD50 per month for life insurance premiums over 20 years:

The Guaranteed Maturity Benefit is USD12,000.
The Guaranteed Special Benefit is USD4,800.
Total payout at the end of 20 years’ maturity is USD16,800.
Total Sum Assured for Death and TPD cover is maintained at USD12,000 for the entire 20-year period as long as the premium is paid continuously.

The minimum basic premium each year is USD240. However, additional premiums may be charged to the Life Assured if:

The state of their health is unfavorable;
Their occupation is considered hazardous; or
They engage in dangerous outdoor sports or activities.

A few reminders:

Premium paying term and the Policy Term are the same.
Grace Period of 30 days after the premium due date is given to pay your premium due.
Keep the receipt(s) as a proof of premium payment.
Cash Value is available from the 3rd year onwards should the Policy Owner surrenders the Policy for whatsoever reason.
You must disclose all material facts such as medical conditions, and state your age correctly.
You must be completely satisfied that the product will be able to meet your needs and that the premium payable is affordable to you for the duration of the contract.
All proposals are subject to underwriting approval.

What's the coverage?

Coverage starts as low as USD20 a month

Affordable premium with high maturity benefit

200% of Sum Assured in case of death / TPD due to accident

Exclusions

What major items are excluded under this product?

Death Benefit

Suicide of the Life Assured, whether sane or insane, within 2 (two) years from the Issue Date as stated on the Policy Schedule, or Reinstatement Date whichever is the later
Death of the Life Assured as a result of committing or attempting to commit a criminal offence.

Total Permanent Disablement (TPD)

A suicide, attempted suicide, or self-inﬂicted injury, whilst sane or insane;
Human Immune Deﬁciency Virus (HIV) infection, Acquired Immune Deﬁciency Syndrome (AIDS), or AIDS related disease;
War (whether declared or not), invasion, act of enemy, civil war, revolution, insurrection, civil commotion, riot, strike, popular rising against the government, and terrorism;
While committing a felony or while being arrested, under arrest, or escaping arrest;
While boarding, alighting from or travelling as a passenger in an aircraft which has no license for carrying passengers and does not operate as a commercial aircraft;
While driving or performing duties as a member of any aircraft;
While performing duty as military, police or volunteers and participates in war or crime suppression;
Any known defective physical illness or injury before starting the Insurance Contract but was not notiﬁed to the Company;
Injury arising while under the inﬂuence of drugs of harmful nature, or alcohol above the legal limit deemed by the Law.

Death or Total Permanent Disablement (TPD) due to Accident

The Life Assured committing any breach of law;
The Life Assured being under the inﬂuence of alcohol or drugs other than in accordance with the direction of a registered medical practitioner;
The Life Assured’s self-inﬂicted injuries whether sane or insane;
The Life Assured taking part in any naval, military or air force operation during peace time;
The Life Assured participating or training for any dangerous or hazardous sport or competition or riding or driving in any form of race of competition;
The Life Assured’s suicide whether sane or insane;
The Life Assured participating in any aviation, gliding, or any form of aerial flight other than as a fare paying passenger of a recognized airline on a regular route and on a scheduled timetable;
Death of the Life Assured occurs as a result of war, invasion, civil war, rebellion or riot.