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Change of premium

 Apply to increase or decrease your premium.

DOWNLOAD POLICY DETAILS CHANGE FORM


Instructions

If you have an investment-linked policy, you have the flexibility to increase or decrease your premium payable, subject to the sum assured limits of your policy. 

Please get in touch with your Representative to discuss the options for your policy. 

If you would like to make changes to your policy premium, please complete the Policy Details Change Form and submit it to us with the necessary document(s) requested.

What you need to provide

1. Completed Policy Details Change Form

*For increase in premium, your Representative will assist you in the submission of additional requirements.

FAQ

When will my request take effect?
Your request will take effect on the next premium due date.

At what price will the fund units be bought?
The units will be bought at the forward offer price.

How will the allocation rate on the increased premium be determined?
The increase in premium is invested based on your policy’s first-year allocation rate.

Who will need to sign the form to activate the change? 

For non-trust policies, the Assignee or Policyowner must sign the form. 

For a Trust policy under S49L, either of the following parties must sign the form: 
• Policyowner and any one Trustee (excluding the Policyowner), or 
• All Beneficiaries (each Beneficiary must be at least 18 years old) 

For a Trust policy under S73, the Policyowner and all Trustees must sign on the form.


 

Change of sum insured

Apply to increase or decrease your sum insured.

DETAILS


 

Change to recurring single premium

Make changes to your standing instruction for recurring single premium (RSP) investments.

DETAILS


 

Change payment frequency

Apply to change the frequency of your premium payment.

DETAILS


 

Change payment method

Apply to change your payment method from GIRO to Direct Billing or vice versa.

DETAILS


 

Change rider/supplemetary benefits details

Apply to make changes to your rider or supplementary benefit.

DETAILS


 

Change insured person

Apply to change the Life Insured on your policy.

DETAILS


 

Secondary life insured option

Apply to appoint or change the Secondary Life Insured of your policy.

DETAILS


 

Change occupation details

Update your policy with your change of occupation.

DETAILS


 

Convert to reduced payout policy

Apply to use your policy's cash value to convert the policy to a reduced paid-up policy.

DETAILS


 

Change of representative

Request for a change of servicing representative.

DETAILS


 

Reinstate a lapsed policy

Apply to reinstate a policy after it has lapsed.

DETAILS


 

Notify Manulife of a will or a will change

Notify Manulife when you have made a will or a change to an existing will.

DETAILS


 

Surrender or withdraw a policy

Apply to surrender or withdraw a policy in full or partially.

DETAILS


 

Other services that we offer

We are always here to help in whatever way we can.

Let's arrange for a no obligation chat with our financial consultant now!

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