With a life insurance policy, your family members will get financial support when you no longer can provide for them. With FWD you have various options to choose from, starting from a basic life insurance coverage for terminal illness and death to an all-inclusive protection for permanent and total disability and critical illness. FWD offers you the choice of mixing and matching your life insurance benefits to suit your requirements.
With FWD’s Personal Accident Insurance, you will get coverage for transport allowance, medical expenses, emergency evacuation, and more.
Some of the key features of FWD’s Personal Accident Insurance across five different plans are as follows:
Apart from the benefits mentioned above, you will also enjoy some add-on benefits which are as follows:
The table below shows the benefits offered under various plans:
|Daily hospital income||Up to S$500||Up to S$300||NA||NA||NA|
|Physiotherapy expenses||Up to S$5,000||Up to S$3,000||Up to S$2,000||Up to S$1,500||Up to S$1,000|
|Chinese physician, acupuncturist, bonesetter and chiropractor expenses||Up to S$1,500||Up to S$1,000||Up to S$700||Up to S$600||Up to S$500|
|Medical expenses for inpatient & outpatient||Up to S$15,000||Up to S$10,000||Up to S$6,000||Up to S$4,000||Up to S$2,000|
|Ticketed event cancellations||Up to S$1,000||Up to S$500||Up to S$300||Up to S$200||Up to S$100|
|Personal liability||Up to S$500,000||Up to S$400,000||Up to S$300,000||Up to S$200,000||Up to S$100,000|
|Accidental death and disability benefits|
|Weekly income benefit for temporary total disability||Up to S$500||Up to S$300||NA||NA||NA|
|Guardian angel benefit||Up to S$500,000||Up to S$400,000||Up to S$300,000||Up to S$200,000||Up to S$100,000|
|Permanent total & partial disability||Up to S$1 million||Up to S$500,000||Up to S$300,000||Up to S$200,000||Up to S$100,000|
|Accidental death||Up to S$1 million||Up to S$500,000||Up to S$300,000||Up to S$200,000||Up to S$100,000|
|Daily taxi allowance||Up to S$100||Up to S$60||Up to S$40||Up to S$30||Up to S$20|
|Home modifications||Up to S$50,000||Up to S$30,000||Up to S$20,000||Up to S$15,000||Up to S$10,000|
|Mobility & prosthesis aids||Up to S$5,000||Up to S$3,000||Up to S$2,000||Up to S$1,000||Up to S$500|
|Enhanced permanent & total disability||Up to S$1 million||Up to S$500,000||Up to S$300,000||Up to S$200,000||Up to S$100,000|
|Additional permanent total & partial disability||Up to S$500,000||Up to S$250,000||Up to S$150,000||Up to S$100,000||Up to S$50,000|
|Damage to personal electronic devices||Up to S$3,000||Up to S$2,000||Up to S$1,500||Up to S$1,000||Up to S$500|
|Weekly income benefit for temporary total disability||Included in the base cover||Included in the base cover||Up to S$200||Up to S$100||Up to S$50|
|Daily hospital income||Included in the base cover||Included in the base cover||Up to S$200||Up to S$100||Up to S$50|
FWD’s Term Life Insurance offers two types of policies - Fixed Term Insurance and Renewable Term Insurance.
With the Renewable Term Insurance, you can start with a small premium and enjoy the flexibility of renewing it until you are 100 years old. Here is a list of features of Renewable Term Insurance:
With FWD’s Fixed Term Insurance, you can plan your future with certainty as premiums stay the same throughout the term. Here is a list of features of Fixed Term Insurance:
If you wish to purchase any of the above two policies, you will have to fulfil the following eligibility criteria:
You will not be covered under the following circumstances:
If you wish to purchase FWD’s policy, you can get a quote online within minutes. You just have to visit the official website of FWD and click on the button ‘get a quote’. You will be directed to a page where you will have to fill in your personal details including the sum insured after which you will get to know how much you will have to pay.
FWD often comes up with promotional deals wherein you will get a discount when you enter a promo code at the time of making the purchase. Currently, there is a limited period offer with both Term Life Insurance and Personal Accident Insurance wherein you will get a 25% discount if you enter the code FWD25.
If you wish to make a claim, you can either call FWD’s emergency assistance number at +65-6322-2072 or you can visit FWD’s website and file your claim on the claims portal. You or your lawyer must inform FWD about any incident within 30 days of the incident. You will have to file a claim using FWD’s standard form and you must provide FWD with all the relevant information and assistance. In addition to the claims form, you will have to submit the following documents:
Before you go ahead and purchase this insurance policy, you must consider the following things:
If you are not happy with this insurance policy, you can cancel it at any time by writing to FWD. FWD will not pay any refund less than S$25. If you cancel your insurance policy within the free-look period of 14 days from the purchase of the policy, then you will get a refund on a portion of your premium only if you have not made any claim. The following table shows the refund payable:
|Months remaining on your policy||11||10||9||8||7||6||5||4||3||2||2||1||0|
|Refund of premium payable||75%||65%||55%||45%||35%||30%||25%||20%||15%||10%||5%||0%|
FWD also has the right to cancel your policy as per its discretion by giving you a written notice of seven days. The policy will also be terminated automatically during any of the following instances:
However, if your policy was terminated because you failed to pay the premiums, it can be reinstated when you take the following steps:
You can get in touch with FWD through their Customer Care Team at +65-6820-8888 or you can send an email to [email protected] or you can visit the official website of FWD and raise your concern there. If you are not satisfied with how your claim was handled, you can write to higher officials of FWD including the CEO.