1. When was this new policy launched?
NTUC Income is the first insurer in Singapore to roll out this innovative policy that covers personal accident and infectious diseases at a low premium. The insurance plan provides worldwide cover, 24 hours a day. It was launched in April 2006.
2. Why was this introduced?
In recent years, there is a spread of infections disease, such as SARS, bird flu and dengue fever.
We launched this policy to provide an added coverage to our personal accident policy. 14 infectious diseases are covered.
3. Is the premium under PA+ID cheaper than a life insurance policy?
The premium for PA+ID is $100 a year and it covers $50,000 on death by accident and infectious disease.
The premium for a life insurance policy covering the same amount depends on age and term of policy, and will probably be $1,000 or higher.
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