Monthly Premium
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FWD offers 16 types of insurance plans for individuals and businesses, ranging from travel insurance, maid, home, term life, critical illness, cancer, personal accident, personal and commercial cars, motorcycle, COVID-19, and more.
What is life insurance and how does life insurance work? When you purchase a life insurance plan, you regularly pay your annual premiums in exchange for a predetermined lump-sum payout in the event of situations that might render you incapable of work (and thus the loss of your income) such as terminal illness, total or permanent disabilities, or death.
| FWD Term Life Plus | Benefits | |
|---|---|---|
| Total and Permanent Disability - 100% Payout | If you are disabled and have been totally unable to engage in any occupation, business or activity for income, remuneration or profit for 6 months. Includes total loss of sight, and any 2 limbs. | |
| Critical Illness - 100% Payout | Full payout only for 34 out of the 37 types of critical illnesses. Includes Alzheimer’s disease or severe dementia, irreversible Aplastic Anaemia, severe bacterial Meningitis, benign brain tumour, coma, coronary artery by-pass surgery, deafness (irreversible loss of hearing), end stage liver failure, end stage lung disease, Fulminant Hepatitis, heart attack of specified severity, open chest heart valve surgery, HIV due to blood transfusion and occupationally acquired HIV, end stage kidney failure, irreversible loss of speech, major burns, major cancer, major head trauma, major organ or bone marrow transplantation, motor neurone disease, Multiple Sclerosis, muscular dystrophy, paralysis (irreversible loss of use of limbs, Idiopathic Parkinson’s disease, primary pulmonary hypertension, stroke with permanent neurological deficit, open chest surgery to aorta, severe Encephalitis, progressive Scleroderma, persistent vegetative state (Apallic Syndrome), Systemic Lupus Erythematosus with Lupus Nephritis, other serious coronary artery disease, Poliomyelitis, and loss of independent existence. Excludes Angioplasty and other invasive treatment for Coronary Artery. | |
| Terminal Illness - 100% Payout | If you have been diagnosed with a medical condition that your doctor has given you less than 12 months to live. Excludes pre-existing medical conditions, suicide, self-inflicted injuries, participation in unlawful acts, and individuals who are still on their policy's waiting period. | |
| Death - 100% Payout | In the event of your death, your family will first be offered an advance S$5,000 from your insured sum. The remainder will then be paid after your death claim has been investigated and assessed. |
| FWD Essential Life Plan | Benefits | |
|---|---|---|
| Period of Insurance | Your insurance coverage either begins on the specified "Coverage Start Date" which you will find in your policy schedule or the date FWD receives your first premium. | |
| Free-Look Period | From the day you receive your policy in your email inbox, you have the next 14 days to review if the policy is suitable for you – otherwise return the policy to FWD for a refund of your first premium paid. | |
| Terminal Illness - 100% Payout | In the event you are diagnosed with a terminal illness during your period of insurance, you will be paid your sum assured. | |
| Death - 100% Payout | In the event of death, your family will be paid the full sum you have assured, including a S$5,000 advance to alleviate funeral costs. | |
| Direct Purchase | You will be able to purchase this insurance plan (and manage your plan's renewals and claims) directly online without the help of an insurance agent. |
No matter what kind of claims you may have on hand – car, motorcycle, home, medical, or travel insurance, do note that you must inform FWD as soon as possible, within 30 days of the incident to be eligible for a claim under your policy.
FWD Essential Life is a simple and straightforward term life insurance plan which you can purchase directly online without the help of an insurance agent. Benefits include 100% payout of your predetermined assured sum in the event of a terminal illness diagnosis or death. You can opt for an optional add-on cancer rider offering 100% payout in the event of a cancer diagnosis. Finally, you will also be able to submit your claims easily online via the FWD website or your FWD customer portal account.
