What is ManuProtect Term (II)?
ManuProtect Term (II) is a regular premium term life plan available in Singapore, offering coverage against death and terminal illness for a specified period. This term life plan is designed to provide essential protection at an affordable cost. Unlike whole life plans, ManuProtect Term (II) features lower premiums because it does not include a savings or investment component, focusing solely on providing financial protection to you and your loved ones in a shorter term period.
How does it work?
Similar to other term life plans in the market, ManuProtect Term (II) provides life insurance coverage to policyholder during coverage period. During this period, you will be covered against death and terminal illness. So, what’s different? For ManuProtect Term (II), you have full flexibility in choosing your coverage periods and type of coverage:
Coverage Period |
Type of Coverage |
5 or 10 years (renewable and convertible)
|
Renewable and Convertible:
|
11 to 40 years (level and convertible)
|
Level and Convertible:
|
Who is it for?
ManuProtect Term (II) is suitable for individuals who need coverage for a specific time period that aligns with their financial needs, goals, or life stages.
Important information
Terms and Conditions apply. Please refer to the respective product summary for more information.
- Premiums will be based on the life insured’s age at point of renewal. Not available for Level and Convertible.
- Applicable for sum insured of S$500,000 and above. Non-smoker premium rates will continue from the 4th policy year upon satisfactory evidence that the life insured have stopped smoking has been provided. Not available for Renewable and Convertible.
Important notes
ManuProtect Term (II) and its supplementary benefits are underwritten by Manulife (Singapore) Pte. Ltd. (Reg. No. 198002116D). This advertisement has not been reviewed by the Monetary Authority of Singapore. Buying a life insurance policy is a long-term commitment. This policy has no cash value. Buying health insurance products that are unsuitable for you may affect your ability to finance your future healthcare needs. This brochure is for your information only and does not consider your specific investment objectives, financial situation or needs. It is not a contract of insurance and is not intended as an offer or recommendation to purchase the plan. You can find the full terms and conditions, details, and exclusions for the mentioned insurance product(s) in the policy contract. If there are any differences between the English and Chinese versions of this brochure, the English version will apply.
This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the LIA or SDIC web-sites (www.lia.org.sg or www.sdic.org.sg).
We recommend that you seek advice from a Manulife Financial Consultant or its Appointed Distributors, or visit any DBS/POSB Branch before making a commitment to purchase a policy.
Information is correct as of 16 August 2020.
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