Singapore · Topic
Non-Forfeiture Options across Singapore life insurance products
Options when premiums stop being paid: paid-up, automatic premium loan, extended term.
33 of 50 active products on the policy library surface a value for this topic. Each value is extracted from the insurer's Product Summary on compareFIRST.sg.
{"paid_up":{"text":"Coverage under the GPP (IV) Booster component shall automatically terminate if your basic policy is converted to reduced paid-up insurance or extended term insurance.","available":true},"source_page":7,"extended_term":{"text":"Coverage under the GPP (IV) Booster component shall automatically terminate if your basic policy is converted to reduced paid-up insurance or extended term insurance.","available":true},"automatic_premium_loan":{"text":"Your basic policy shall automatically terminate if any premium for your basic policy remains unpaid at the end of the grace period…
{"paid_up":{"text":"Not described in the product summary.","available":false},"source_page":6,"extended_term":{"text":"Not described in the product summary.","available":false},"automatic_premium_loan":{"text":"Not described in the product summary.","available":false}}
{"paid_up":{"text":"Not described in the policy wording.","available":false},"source_page":7,"extended_term":{"text":"Not described in the policy wording.","available":false},"automatic_premium_loan":{"text":"Not described in the policy wording.","available":false}}
{"paid_up":{"text":"Not described in extracted text","available":false},"source_page":13,"extended_term":{"text":"Not described in extracted text","available":false},"automatic_premium_loan":{"text":"Not described in extracted text","available":false}}
{"paid_up":{"text":"Not described in the policy text.","available":false},"source_page":4,"extended_term":{"text":"Not described in the policy text.","available":false},"automatic_premium_loan":{"text":"Not described in the policy text.","available":false}}
{"source_page":7,"automatic_premium_loan":{"text":"If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).","available":true}}
{"paid_up":{"text":"As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.","available":false},"source_page":3,"extended_term":{"text":"As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.","available":false},"automatic_premium_loan":{"text":"As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.","available":false}}
{"paid_up":{"text":"As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.","available":false},"source_page":4,"extended_term":{"text":"As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.","available":false},"automatic_premium_loan":{"text":"As this product has no savings or investment feature, there is no cash value if the policy ends or if the policy is terminated prematurely.","available":false}}
{"source_page":8,"automatic_premium_loan":{"text":"If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).","available":true}}
{"paid_up":{"text":"No paid-up option described in the document.","available":false},"source_page":4,"extended_term":{"text":"No extended term option described in the document.","available":false},"automatic_premium_loan":{"text":"No automatic premium loan described; instead a non-lapse guarantee benefit operates during the first 10 policy years.","available":false}}
{"source_page":7,"automatic_premium_loan":{"text":"If you do not pay your premiums on time, your policy may lapse (after a 30-day grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).","available":true}}
{"paid_up":{"text":"Not described in the product summary.","available":false},"source_page":5,"extended_term":{"text":"Not described in the product summary.","available":false},"automatic_premium_loan":{"text":"Not described in the product summary. The policy enters premium holiday if basic regular premium due is unpaid after the grace period, and fees and charges continue to be deducted from account value.","available":false}}
{"source_page":9,"automatic_premium_loan":{"text":"If you do not pay your premiums on time, your policy may lapse (after 30 days grace period) depending on the net surrender value. If the policy has enough net surrender value, you will be given an automatic premium loan (APL).","available":true}}
{"paid_up":{"text":"Not stated in this document.","available":false},"extended_term":{"text":"Not stated in this document.","available":false},"automatic_premium_loan":{"text":"Not stated in this document.","available":false}}
{"paid_up":{"text":"Not described in this product summary.","available":false},"source_page":3,"extended_term":{"text":"Not described in this product summary.","available":false},"automatic_premium_loan":{"text":"Not described in this product summary.","available":false}}
{"paid_up":{"text":"This rider will end immediately when its basic policy ends or is converted to a paid-up policy.","available":true},"source_page":10,"extended_term":{"text":"","available":false},"automatic_premium_loan":{"text":"If this policy has sufficient cash value, the premiums for this policy and its riders (if any) can continue through a loan (called an automatic premium loan) and interest will be charged on the loan. The loan and interest will be deducted from any amount we may be due to pay under this policy. This policy and its riders (if any) will lapse when the amount of the …
{"paid_up":{"text":"Not mentioned in the product summary.","available":false},"source_page":10,"extended_term":{"text":"Not mentioned in the product summary.","available":false},"automatic_premium_loan":{"text":"If you still have not paid the premium for this policy or any of its riders after the period of grace, we will pay the premiums on your behalf so this policy and its riders can continue. We will only do this if the policy has enough cash value to repay them. We treat this as a loan (called an automatic premium loan) and charge you interest. If there is not enough cash value, this po…
{"paid_up":{"text":"Not explicitly described as an option in this document.","available":false},"source_page":9,"extended_term":{"text":"Not described in this document.","available":false},"automatic_premium_loan":{"text":"If your policy has sufficient cash value, the premiums for the policy and its riders (if any) can continue through a loan (called an automatic premium loan) and interest will be charged on the loan. The loan and interest will be deducted from any amount due to pay under the policy. The policy and its riders (if any) will lapse when the amount of the loans and interest is …
{"paid_up":{"text":"Not described in this product summary.","available":false},"source_page":3,"extended_term":{"text":"Not described in this product summary.","available":false},"automatic_premium_loan":{"text":"Not described in this product summary. If you still have not paid the premium after the grace period, this policy will enter into a premium holiday.","available":false}}
{"paid_up":{"text":"There is no surrender or cash value available.","available":false},"source_page":1,"extended_term":{"text":"There is no surrender or cash value available.","available":false},"automatic_premium_loan":{"text":"There is no surrender or cash value available. As such, policy loan is not available under this policy.","available":false}}
{"paid_up":{"text":"If the policy has a surrender value, the policyowner can apply to surrender part or all of the Reversionary Bonus that we have added to the policy for a cash value. Please do note that this will reduce the long-term value of the policy.","available":true},"source_page":10,"extended_term":{"text":"Not mentioned in the product summary.","available":false},"automatic_premium_loan":{"text":"Automatic Premium Loan, Policy Loan and Surgical & Nursing Loan are also available. Please note that taking these loans will reduce the long-term value of the policy. For automatic premiu…
{"paid_up":{"text":"Not described in the product summary.","available":false},"source_page":14,"extended_term":{"text":"Not described in the product summary.","available":false},"automatic_premium_loan":{"text":"Not applicable to this investment-linked policy. If you fail to pay a premium on time or you stop paying your premiums and there are units in your account, your policy automatically continues at the same sum assured or Multiplier benefit (if this applies) for the same basic benefits. We continue to bill you for the administration charge and the assurance charge by using the units in…
{"paid_up":{"text":"Not mentioned in this document.","available":false},"source_page":5,"extended_term":{"text":"Not mentioned in this document.","available":false},"automatic_premium_loan":{"text":"Automatic Premium Loan is available. Please note that taking these loans will reduce the long term value of the policy. For automatic premium loan, a non-guaranteed loan interest will be charged. Note: Automatic Premium Loan is not applicable to single premium policy.","available":true}}
{"paid_up":{"text":"Not mentioned in the product summary.","available":false},"source_page":2,"extended_term":{"text":"Not mentioned in the product summary.","available":false},"automatic_premium_loan":{"text":"Automatic Premium Loan, Policy Loan and Surgical & Nursing Loan are available. Please note that taking these loans will reduce the long term value of the policy. For automatic premium loan and policy loan, a non-guaranteed loan interest will be charged. Note: Automatic Premium Loan is not applicable to single premium policy.","available":true}}
{"paid_up":{"available":false},"source_page":5,"extended_term":{"available":false},"automatic_premium_loan":{"text":"If you fail to pay a premium on time and your policy has enough surrender value, we grant you an automatic premium loan. We charge a yearly interest rate on the loan amount starting from the date of the loan. This interest rate may vary and accrues on a daily basis. On each policy anniversary of your policy, we add the previous year's interest to the loan amount and charge interest on the total until the loan is repaid. We can change the interest rate but will give you three …
{"paid_up":{"text":"Not described in the extracted text.","available":false},"extended_term":{"text":"Not described in the extracted text.","available":false},"automatic_premium_loan":{"text":"Not described in the extracted text.","available":false}}
{"paid_up":{"text":"If the policy has a surrender value, the policyowner can use the surrender value to convert the policy to paid-up, which is when the policy has a revised face value with no further premiums due. Note: Automatic Premium Loan and paid-up option are not applicable to single premium policies.","available":true},"source_page":4,"extended_term":{"text":"Not mentioned in the product summary.","available":false},"automatic_premium_loan":{"text":"Automatic Premium Loan is available. Please note that taking these loans will reduce the long term value of the policy. For automatic p…
{"paid_up":{"text":"This plan has no cash value.","available":false},"source_page":1,"extended_term":{"text":"This plan has no cash value.","available":false},"automatic_premium_loan":{"text":"This plan has no cash value.","available":false}}
{"paid_up":{"text":"Not explicitly described in product summary.","available":false},"source_page":8,"extended_term":{"text":"Not explicitly described in product summary.","available":false},"automatic_premium_loan":{"text":"your policy lapses due to non-payment of premiums within 30 days from the date they become due (and when your policy does not have sufficient cash value for us to advance a loan to keep your policy in force)","available":true}}
{"paid_up":{"text":"You have applied to convert the Policy to a reduced paid-up policy. (Referenced as a restriction in multiple sections; automatic non-forfeiture privilege referenced in Termination clause.)","available":true},"source_page":10,"extended_term":{"available":false},"automatic_premium_loan":{"text":"upon automatic termination under the terms of the Automatic Non-Forfeiture Privilege or Policy Loan clause","available":true}}
{"paid_up":{"text":"No paid-up option described; policy continues on premium holiday with fees deducted from account value until account value is exhausted.","available":false},"source_page":9,"extended_term":{"text":"Not described in the document.","available":false},"automatic_premium_loan":{"text":"Not described in the document.","available":false}}
{"paid_up":{"text":"You also have the option to partially surrender the Policy by reducing the Sum Assured (subject to the minimum Sum Assured of the basic plan) and receive the partial Cash Surrender Value in a lump sum. The Sum Assured of the basic plan after the partial surrender will be reduced accordingly.","available":true},"source_page":3,"automatic_premium_loan":{"text":"For premiums that are due for payment and the Life Assured does not satisfy the unemployment conditions, You still need to pay the premiums or Automatic Premium Loan will be advanced to pay for the overdue premiums.…
{"paid_up":{"text":"Not mentioned in the product summary.","available":false},"source_page":3,"extended_term":{"text":"Not mentioned in the product summary.","available":false},"automatic_premium_loan":{"text":"Not mentioned in the product summary.","available":false}}
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