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    DBS Hong Kong > Consumer Banking > Insurance > Term Life Protection Plan
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Term Life Protection Plan
Protection solutions you can afford
 
Life rarely stands still. Your needs and commitments change from one stage of life to another, and sometimes the unexpected can catch you off guard.

DBS Bank Term Life Protection Plan is a 10-year renewable life plan that provides life coverage with your choice of sum assured at an affordable price. You can also switch to a whole life, endowment or investment-linked policy that best fits your financial needs at different life stages.

Valuable protection for you and your family
Your family is financially protected by receiving the sum assured in the event of death as a result of accident or illness.

The right protection at the right time - convertibility
We understand that your needs will change over time. Whether you have a career change, the arrival of a new family member or the purchase of your dream home, we're right here to help you and offer valuable conversion options1. You can switch to a whole life, endowment or investment-linked policy that better suits your needs. No medical examination is required at conversion and this option is available up to the age of 55.

Low and fixed premium
To help you better manage your financial planning, the premium remains level throughout the 10-year term. Discounts are available for sum assured over HK$800,000 or US$105,000. For your convenience, you can choose monthly or annual payments to fit your other financial commitments.

Long-term protection - guaranteed renewal
Renewal2 at the end of each 10-year period is automatic and is guaranteed up to the age of 60 regardless of your health condition, assuring you to receive full protection.
 
Moreover, we provide Term Life Comprehensive Protection Plan. This plan gives you extra protection against accidental death, critical illness and premium waiver on disability in addition to the Term Life Protection Plan.
  • Double accidental death benefit
    If death is caused by accident, the sum assured payable is doubled.
  • Critical illness protection
    If you suffer from a critical illness, 50% of the sum assured will be paid as financial support to you and your family during your treatment and recovery. At the same time, 50% of the sum assured will remain as a life protection for you.
  • Premium waiver on disability
    If the life assured is temporarily and totally disabled as a result of accident or illness, the premiums due after the 183 consecutive days waiting period will be waived for up to 24 months. After 24 months, if the disability turns total and permanent, premium waiver continues till the end of the policy term. There is no impact to the plan benefit, putting your mind at ease.

Investing with Aviva
Aviva Life Insurance Company Limited is a member company of Aviva plc, which is one of the largest global insurers, one of the largest insurers in the UK, one of the leading providers of life and pensions products across Europe, one of the Fortune Global 500 companies and has an AA- rating (as of 31 March 2009) affirmed by Standard & Poor's.

With a 300-year history, Aviva plc is an expert in long-term savings and fund management and manages assets with USD552 billion (as at 31 December 2008). Aviva plc operates in more than 27 countries with 57,000 employees and serves 50 million customers worldwide.

Planning for all aspects of your life - your financial needs analysis
At DBS Bank, we are dedicated to assist you in financial planning for each step of your life. Whether it is your child's education, your retirement or simply a protection plan for you and your family, we can help you along the way. Visit any DBS Bank branch to arrange an appointment for a financial needs analysis.

For enquiries, please visit any of our branches or call DBS Aviva Life Direct on 3550 9800.


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Notes:
  1. Not applicable to a policy with a claim record (applicable to Term Life Comprehensive Protection Plan only).
  2. Premium rates at renewal are not guaranteed. Premium is subject to the age at next birthday of the life assured at the time of renewal. For Term Life Comprehensive Protection Plan, if there is any critical illness claim, the sum assured at renewal will be 50% of the initial sum assured.

Remarks:
  • DBS Bank (Hong Kong) Limited ("DBS") is a licensed insurance agent of Aviva Life Insurance Company Limited ("Aviva").For all details including coverage, fees and charges, please refer to the policy provisions. A copy of the policy provisions may be obtained from Aviva on request. This plan is applicable for customers aged between 19 and 60 (next birthday) to apply.
  • This webpage is issued by Aviva for DBS distribution. Aviva accepts full responsibility for product information contained in this webpage.
  • You may cancel the policy by giving Aviva written notice of cancellation provided that such notice of cancellation must be received by Aviva on or before the time determined by Hong Kong Federation of Insurers ("HKFI") from time to time.
 
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