Terms of Renewal
Coverage may be renewed on the Policy Anniversary Date by the payment of the annual premium.
For Hospital and Surgical Plans
- No benefits will be payable if any illness or sickness, which commences within the first thirty (30) days from the effective date of cover of the Insured Member, except for accidental injuries.
- For Dread Disease Cover
No benefits will be payable if the Insured Member is diagnosed with any of the Dread Disease within the first 90 days from the effective date of cover under the Policy.;
No benefits will be payable if the Insured Member does not survive the first 30 days from the date he is diagnosed with any of the Dread Disease;
Country of Residence
Insurance for any Insured Member will cease automatically if the Insured Member has been physically absent from Singapore for more than 180 consecutively days during the policy year, unless prior agreement have been received and endorsed by the Company to extend the policy to include such absence from Singapore and payment of the additional premium chargeable. In such event, the Insured Member’s cover will be terminated at 24:00 standard Singapore time on the 180th day after the Insured Member’s departure from Singapore.
Cover ceases for the Insured Employee:-
- on the date this policy is terminated;
- on the 70th birthday of the Employee;
- on the date of termination of employment;
- on the date in which an Employee is retired or pensioned; or
- on the premium due date if the Policyholder fails to pay the required premium for the insured Employee.
The liability of this policy shall cease on the last day of cover for the insured Employee or Dependent.
The Company will also not pay for any benefit in respect of expenses incurred by any Insured Member whose insurance has terminated, for treatment provided to the Insured Member on or after the effective date of such termination.
Notice of Material Changes
The Policyholder shall give reasonable notice to the Company of any change in the Insured Member’s country of residence or business or occupation or habits or pursuits which is likely to result in a material increase in hazard to the Company and shall pay any additional premium that may be required by the Company.
Policy Owners’ Protection Scheme
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 visit www.sompo.com.sg/FAQ or the GIA / LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg)
The product information detailed in this section does not outline all aspects of cover nor does this serve as an insurance contract. Please refer to a copy of our policy wording, which is available on request, for details of the coverage conditions and limits; or contact our Sompo authorized agent or your insurance broker for more details.