Change of sum insured
Apply to increase or decrease your sum insured.
Depending on your policy contract, you may choose to increase or decrease the sum insured for your policy and the attaching riders, where applicable.
Increase in sum assured is only applicable for selected plans and will be subject to underwriting.
Please get in touch with your Representative to discuss the options for your policy.
If you would like to apply for a change in the sum insured of your policy, please complete the Policy Details Policy Details Change Form and submit it to us with the necessary document(s) requested.
Instructions
1.Download and complete the Policy Details Change Form.*
2.Submit the completed form, along with any supporting documents, through one of the following channels:
- Upload the form to our customer portal, MyManulife, or via the Manulife SG App. No signature is required for form uploads on MyManulife.
- Email the form to forms@manulife.com using the registered email address you have with us. Please ensure that your signature on the form matches our record.
*For increase in sum insured, your Representative will assist you in the submission of additional requirements.
FAQs
When does the increase in sum insured take effect?
For traditional policies:
The increase will take effect from the policy effective date. You will be advised of the premium and interest payable, where applicable, for your application.
For investment-linked policies:
The increase will take effect from the next monthiversary.
When does the decrease in sum insured take effect?
For traditional policies:
The decrease will take effect on the next premium due date. If your policy has attained cash value, there will be a partial refund of the cash value to you, after offset of any outstanding loan balance, where applicable.
For investment-linked policies:
The decrease will take effect from the next monthiversary.
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.
SHOW MORE OF "MAKE A CHANGE TO YOUR POLICY "
SHOW LESS OF "MAKE A CHANGE TO YOUR POLICY "
Change to recurring single premium
Make changes to your standing instruction for recurring single premium (RSP) investments.
Change payment method
Apply to change your payment method from GIRO to Direct Billing or vice versa.
Change rider/supplemetary benefits details
Apply to make changes to your rider or supplementary benefit.
Secondary life insured option
Apply to appoint or change the Secondary Life Insured of your policy.
Convert to reduced payout policy
Apply to use your policy's cash value to convert the policy to a reduced paid-up policy.
Notify Manulife of a will or a will change
Notify Manulife when you have made a will or a change to an existing will.
Surrender or withdraw a policy
Apply to surrender or withdraw a policy in full or partially.
