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Early-Payout LivingEnhancer

Early-Payout LivingEnhancer

No matter how you plan for the future, sometimes life throws you unexpected surprises. And while it's good to hope for the best, it pays to prepare for the worst. If you think that signing up for a critical illness plan is an option you can delay, consider the alarming facts found on the right.

With AXA's Early-Payout LivingEnhancer, you can enjoy:
  • Extensive coverage for up to 60 medical conditions
  • Exemption of waiting period between multiple claim
  • Extra death benefit of S$15,000 in a lump sum, regardless of the sum assured

For instance, you can enjoy protection for up to 60 medical conditions at a sum assured of S$100,000 at only S$531 a month.

Security for you and your family during critical times

With AXA's Early-Payout LivingEnhancer, you get a sense of financial security at the onset of a critical illness. You can use the early payout claims to pay for your medical costs or to settle your financial commitments such as mortgage payments, home loans, and provide extra cash for the family. This way, you can concentrate on your treatment without having to worry about your finances.

AXA's Early-Payout LivingEnhancer is a regular premium plan with early payout critical illness benefits. The amount you can claim depends on the severity of the illnesses. There are three different levels of severity.

  • Severity 25 covers the earliest stage of a critical illness. Patients diagnosed with an illness under Severity 25 will receive the payout2 of 25% of the sum assured.
  • Severity 50 covers the next stage of a critical illness, a condition where the illness has progressed to a more advanced stage. Severity 50 triggers the payout2 of 50% of the sum assured minus any previous claims admitted for the same critical illness.
  • Severity 100 covers the most advanced stage of a critical illness. It triggers the payout of 100% of the sum assured minus any previous claims.

Important Information

1 Premium is based on 30 year old, non-smoking male for a policy term of 25 years. Premium rates are dependent on your age at the time you purchased the plan, your gender and smoking status. The premiums are payable for the full term of the plan. Premiums are non-guaranteed and may be revised in future according to experience of the company. The premiums will not be adjusted once you claim Severity 25 and Severity 50, whether separately or together.

2 Limits of S$50,000 (Severity 25) or S$100,000 (Severity 50) apply for selected critical illnesses only.

The total payout amount is subject to a maximum limit of S$1 million per Life Assured for all critical illness benefits under all policies issued by AXA Life and other insurers.

AXA's Early-Payout LivingEnhancer is a regular premium plan with early payout benefits for critical illness. The amount you can claim depends on the severity of the illnesses. You can secure payout for single or multiple types of critical illness.

How does a single critical illness claim work?

Sum assured = S$150,000

If Anna is diagnosed with an early stage of chronic lung disease (Severity 25), she will receive an early payout of S$37,500. If Anna's condition progresses to the next stage (Severity 50), she will receive the second payout of S$37,500. If her lung disease reaches the most advanced stage (Severity 100), she will receive the remaining S$75,000.

Single critical illness claim

+ The total payout is subject to a maximum of 100% of sum assured. In the case of Severity 100 claim, the 100% payout is the nett amount after deduction of previously admitted claims under Severity 25 and/or 50. You can claim for multiple types of illness with no waiting period between claims. Upon admission of claim at Severity 100, the plan terminates.

How does a multiple critical illness claim work?

Sum assured = S$150,000

If Anna is diagnosed with early stage of heart attack (Severity 25), she will receive an early payout worth S$37,500. If Anna suffers a stroke (Severity 50), she will receive the second payout worth S$75,000. Finally, if Anna suffers from the most advanced stage cancer (Severity 100), she will receive the remaining S$37,500.

Multiple critical illness claim

‡ Certain critical illnesses may limit the payment amount up to a maximum cap of S$50,000 (Severity 25) or S$100,000 (Severity 50).
The total payout is subject to a maximum of 100% of sum assured. In the case of Severity 100 claim, the 100% payout is the nett amount after deduction of previously admitted claims under Severity 25 and/or 50. You can claim for multiple types of illnesses with no waiting period between claims. Upon admission of claim at Severity 100, the plan terminates.

The above is not a contract of insurance. The precise terms and conditions of the plan are specified in the policy contract.

Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid.

Buying health insurance products that are not suitable for you may impact your ability to finance your future healthcare needs.

A product summary is available and may be obtained from AXA Life Insurance Singapore Pte Ltd and the participating distributors' offices. You should read the product summary before deciding whether to purchase the policy.

The above is for your information only and does not have any regard to your specific investment objectives, financial situation and any of your particular needs. You may wish to seek advice from an adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from an adviser, you should consider whether the product in question is suitable for you.

The insurance policy featured in this website 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 should you buy the policy. For more information on the types of benefits that are covered under the Policy Owners' Protection Scheme as well as the limits of coverage, where applicable, please visit the AXA website at www.axa.com.sg or visit the LIA or SDIC websites (www.lia.org.sg or www.sdic.org.sg) for a copy of the SDIC Guide on PPF Scheme (Life Insurance).
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