What is Life Assurance?
Buying life assurance through periodic premium payments - either monthly, quarterly, annually or though a single premium - for you and your loved ones helps provide financial security in times of hardship as well as forward planning for your future financial needs.
Life Assurance is, therefore, a risk management mechanism through which a sum of money is paid to designated beneficiaries, usually your nominated family members, upon the happening of the insured events such as disability, terminal / critical illness or death of the individual who is insured.
Some ICEA life assurance plans can be taken jointly with your spouse and/or other insurable parties through joint-life covers.
To know more about each product click on the product list to the left.
Why Buy Life Assurance?
To protect your family and your possessions
To ensure that your immediate family has some financial support after your demise and/or disability
To guarantee your children’s future
To finance your children’s education
To secure your future and personal needs
To have a savings plan for the future so that you have a constant source of income after your retirement
To insure your health and give you peace of mind
To ensure that you have extra income as well as peace of mind when your earnings are reduced due to serious illness or accident
To gain from income tax relief: You can claim for tax relief of up-to tax allowable amount per year. This is inclusive of any contributions you have paid to an approved retirement benefit scheme such as the employees provident Fund or other pension scheme
To ensure that the funeral and burial costs are taken care of
To know more about each product click on the product list to the left.
Individual Life Assurance Policies
Basic Types of ICEA Individual Life Assurance Policies
Under the individual life assurance platform, ICEA brings many product solutions and options to you. It is important to note that most ICEA life assurances are available on Single Life or joint-life.
It is also important to note that life assurance contract have specific exclusions which are written into the contract to limit the undue exposure and liability to you and to ICEA, for example, claims relating to suicide, fraud, war, riot and civil commotion.
The following options are intended as a general summary of information only, hence it is important that you refer to the actual policy for exact terms, conditions and exclusions. Please click on the product name to know more about the plans.
To know more about each product click on the product list to the left.
