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Term Life

Term Protector

Because life can throw a curve ball, it's important to be ready for unforeseeable events such as death and accidents. While nothing can ever make up for the loss of a family member, having a good insurance plan in place can go a long way in helping loved ones alleviate the financial pressures that often follow.

AXA's Term Protector is a pure life, term protection plan that safeguards your family's future with a higher coverage for less. What's more, it offers you the flexibility to convert1 to another regular premium life plan without further evidence of insurability! With premiums from as little as S$0.58 cents2 a day, it's an affordable way to be confident about your tomorrows.

A plan that grows with you

As we get older, our circumstances and needs change. These also have an impact on our finances and the amount of protection we need. This is why AXA's Term Protector is flexible enough to give you adequate protection at every point in your life - whether you're single and just starting in your career or married and supporting a family.

  • Convertibility option

    Life brings us through many different stages and that is just one of the many factors that create changing needs for protection. With the option to convert1 your term plan into a life plan without further evidence of insurability, you can enjoy the peace of mind knowing that you have adequate protection at every point of your life. With two flexible term options, Term Protector lets you create just the protection you need.

  • Renewable term

    Pick a renewable term3 plan if you want protection for a specific duration. You can choose from a short term of 5 or 10 years to a longer term of 15, 20, 25, 30 years. You'll also enjoy automatic renewability4 of your policy coverage, regardless of your health condition.

  • Term-to-age

    Choose a term-to-age plan5 if you prefer protection up to a certain age. You have the flexibility to pick an insurance cover up to age 50, 55, 60, 65, 70 or 75. This way, you can plan according to your life needs.

Guard your policy against inflation

Inflation not only affects the purchasing power of your dollar, it can also have an impact on the value of your policy cover. This means inflation can potentially erode the value of your insurance payout, and cause a life policy purchased years ago to no longer be enough for your needs.

Important information

1 You may apply in writing to convert this Policy to another regular premium pure life protection basic policy (for the purposes of the Convertibility Option only, "the New Policy") available at any time on or after the first Policy Anniversary, without further evidence of insurability on the following conditions:

  • this Policy is in force immediately before it is converted on the Conversion Date; upon conversion, this Policy shall automatically terminate.
  • the Life Assured is 60 years old or younger on the Conversion Date;
  • after the conversion, the Sum Assured under the New Policy will remain the same as the Sum Assured under this Policy (or such lower Sum Assured as You may determine) before the Conversion Date;
  • no partial conversion of this Policy is allowed;
  • no claim on this Policy has been admitted;
  • no TPD claim has been admitted in connection with any policy(ies) (including this Policy) which You may have with Us;
  • the Premium of the New Policy will be based on the attained age of the Life Assured and at the prevailing premium rate of the New Policy on the Conversion Date.


2 Based on 5-year term and $50,000 sum assured for a 45 year old, male, non-smoker.

3 Premiums are adjusted according to the Life Assured's age at policy renewal.

4 The policy term of the renewed policy must have the same policy term as the existing basic policy, subject to a maximum expiry age of 99.

5 Premiums are based on the entry age of the Life Assured.

Fortunately, with Term Protector's indexation1 feature, your cover can be increased in line with the rise in inflation rates2. Available only for term-to age plans, indexation helps to prevent inflation from eroding the value of your cover over time. This ensures you'll always have enough protection to help your loved ones stay financially secure.
Let's see how indexation works

Assumption:

  • indexation was reset at 5% Consumer Price Index(CPI)
  • Sum assured at entry was S$250,000

  • The indexation option was exercised at the start of the 2nd, 3rd, and 5th policy year

    You have the flexibility of starting and stopping the indexation at any policy anniversary, or simply allow for automatic indexation. Premium rates will be adjusted accordingly and made known to you at each adjustment. The choice is always yours.

Important Information
1 Indexation stops at age 60 or 5 years before the expiry age of the term plan, whichever is earlier.

2 Once indexation is activated, the sum assured and premiums will increase automatically at each policy year according to the increase in the prevailing Consumer Price Index (CPI) or at a fixed rate of 5%, whichever is higher.

AXA's Term Protector gives you flexibility with its wide selection of supplementary riders. The table below shows suggested riders that are suitable for your AXA Term Protector plan.

Supplementary Riders Benefits

Total Permanent Disability Benefit

Provides financial protection to reduce financial burden by accelerating the Death Benefit under the basic policy, when the Life Assured is certified totally and permanently disabled as defined in the Total and Permanent Disability Benefit Supplementary Provisions, before the age of 65 and while the Policy is in force.

Disability Cash Benefit

Provides a continuous stream of payouts till age 65, when the Life Assured is certified totally and permanently disabled before the age of 60 and after all claim payments for the Total and Permanent Disability Benefit contained in the Supplementary Provisions of this Policy have been paid.

Critical Illness Benefit

Provides financial protection to reduce financial burden by accelerating the Death Benefit under the basic policy, when the Life Assured is diagnosed as having a Critical Illness during the term of this Rider.

Critical Illness Plus

Provides an additional lump sum payout to reduce financial burden when the Life Assured is diagnosed as having a Critical Illness during the term of this Rider.

Critical Illness PremiumEraser

Waives future premiums upon the diagnosis of a Critical Illness on the Life Assured.

Personal Accident Benefit

Provides protection for loss of income or medical expenses incurred, in the event of the Life Assured's death or injuries suffered as a result of an Accident.

Payer PremiumEraser

If the Life Assured is different from the Policyholder, this rider waives future premiums until the expiry date of this Rider, upon the event of death or Total Permanent Disability of the Policyholder. This ensures the Life Assured continues to be covered when the Policyholder can no longer pay premiums.

Payer PremiumEraser Plus

If the Life Assured is different from the Policyholder, this rider waives future premiums until the expiry date of this Rider, upon the event of death, TPD or diagnosis of any of the Critical Illness of the Policyholder. This ensures the Life Assured continues to be covered when the Policyholder can no longer pay premiums.

To apply, please ask your personal adviser to recommend appropriate packages that best suit your needs to ensure your coverage remain relevant.

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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