Apply to reinstate a policy after it has lapsed.
A policy will lapse when premiums are not paid after the grace period of 31 days and there is no cash value, or when an Automatic Premium Loan cannot be applied and/or the fund value is less than the monthly insurance and administrative charges.
However, you may apply to reinstate the policy to continue enjoying the cover and benefits of the policy, subject to the terms of the policy contract.
If you wish to reinstate a lapsed policy, please complete the Application for Reinstatement Form and mail it to us together with your payment for the outstanding premiums and interest. Please note that your application may be subject to underwriting and you may need to provide us with certain medical reports.
1. Completed Application for Application for Reinstatement Form
2. Outstanding premium and interest
3. Medical report (if any)
What is the validity period of the reinstatement form?
The reinstatement form is valid for two months from the signed date in the form.
How many reinstatement forms do I need to complete?
You will need to complete one form, unless there are multiple dependents on the same policy.
Who will need to sign the form to activate the change?
For non-trust policies, the Life Insured and Assignee or Policyowner must sign the form and the Life Insured will need to sign to declare his/her health status.
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 Life Insured, Policyowner and all Trustees must sign on the form.
Apply to increase of decrease your premium.
Apply to increase or decrease your sum insured.
Make changes to your standing instruction for recurring single premium (RSP) investments.
Apply to change the frequency of your premium payment.
Apply to change your payment method from GIRO to Direct Billing or vice versa.
Apply to make changes to your rider or supplementary benefit.
Apply to change the Life Insured on your policy.
Apply to appoint or change the Secondary Life Insured of your policy.
Update your policy with your change of occupation.
Apply to use your policy's cash value to convert the policy to a reduced paid-up policy.
Request for a change of servicing representative.
Notify Manulife when you have made a will or a change to an existing will.
Apply to surrender or withdraw a policy in full or partially.