COVID-19 confirmed cases increase to 84 & Extended Free Insurance Coverage

, | 20 Feb 2020

Singapore has just reported three confirmed cases of COVID-19. The total number of cases in Singapore is now 84, with 4 people currently in critical condition. In this time of need, we will be extending the NTUC iTerm Life Insurance policy with free $100,000 coverage for all healthcare personnel. This article shares more details of this life insurance policy.

NTUC iTerm

The NTUC iTerm is an affordable and comprehensive plan. It provides the first line of defence for your financial protection needs. The premiums are low but it will go directly to your high insurance coverage. This allows you to have the freedom to tailor your policy according to your life goals and concerns. The younger you are, the lower the premium cost. 

It provides you with coverage in the event of Death, Total and Permanent Disability(TPD) and Terminal Illness (TI) diagnosis. You can renew your policy for a longer-term as long as no claims have been made. The renewal of your policy is guaranteed and you can choose to be covered up to the age of 84. 

As this is a basic plan it covers for Death, TPD and TI only, with a $100,000 payout. The following table is the cost of the plan for a non-smoker. 

Age / Gender 

Annual Premium Cost 

25 / Male 

$83.75

30 / Male 

$83.75

25 / Female 

$57.70

30 / Female 

$69.80

The information is correct as of 20 February 2020.

Additional Riders 

You can purchase other riders to increase your coverage. A term life insurance rider is an attachment made in a term insurance policy that provides the policyholder with additional coverage. Riders help to provide multiple additional benefits apart from the main death, total Permanent Disability, and Terminal Illness coverage. 

Almost all term insurance plans offer riders. However, the conditions of the riders and the cost vary according to every term plan, the premium, and the insurer.

Some of the additional riders that you can purchase together with this plan are the:

Essential Protect 

You will receive the sum assured for this rider in the event of death, total and permanent disability, terminal illness or diagnosis of dread disease during the term of the rider. 

Total Protect

You will receive the sum assured for this rider upon diagnosis of early, intermediate or advanced stage specified dread diseases, (except angioplasty and other invasive treatment for coronary artery) during the term of the rider.

The rider also provides Advanced Restoration Benefit, which offers extra coverage for stroke, major cancers, and heart attack of specified severity after an early or intermediate stage dread disease claim is made.

If you would like to find out more details about this plan, you may contact us at [email protected]. If you know of any healthcare personnel that would like to enjoy this policy for free you can include their details below. This offer is running for a limited time only!

Free $100,000 term life insurance coverage for all healthcare personnel

Rennes Lee


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