Enjoy Free Disability Coverage for the First Year

Supplement your coverage with a disability plan that pays monthly benefit

T&Cs apply. Buying insurance is a long term commitment and should be bought according to your needs, affordability and products suitability.

Disability Insurance Promotion

Enjoy free disability coverage for the first year

For a limited time from 4 to 16 December 2022, get protected for free in the first year*! 

Fill in the form below to indicate your interest, and our conflict-free client advisers will reach out to you.

 This plan is stackable on top of CareShield Life/ElderShield and their supplement plans.

You can choose to receive monthly payouts if you lose the ability to perform at least 1 Activity of Daily Living (ADL) for 3 or 6 years and receive additional benefits to support your journey to recovery.

MoneyOwl will reimburse the policyholder 100% of the premiums paid subjected to a cap of $100 reimbursement per policy. The policyholder will bear any premiums that is above $100. Click here for the full terms and conditions.

About the plan

Affordable Premiums

Starts from $75 per year for $1,000 monthly benefit over 3 years. Guaranteed renewal and no medical examinations – just 5 health questions.

Monthly payouts if you lose ability to perform 1 ADL

It pays out upon the loss of ability to perform at least one of the six ADL.

Complements existing insurance

Pays over and above your long-term care and Total Permanent Disability insurance to take care of your monthly bills.

Key Features

1

Monthly Disability Benefit

The plan pays out a monthly benefit for your chosen 3 or 6 years if the life assured is certified with the inability to perform at least 1 out of 6 ADL.

2

Get Well Benefit

Upon making a full recovery from disability, a lump sum Get Well Benefit of up to 3 times the monthly benefit will be paid.

3

Death Benefit

Should the unforeseen happen, a lump sum benefit of $5,000 is payable.

4

Caregiver Benefit

A lump sum equivalent to 1 time the monthly benefit is payable when a caregiver leaves their job to care for the disabled life assured.

5

Disability Benefit due to Heart Attack or Stroke

A lump sum equivalent to 2 times the monthly benefit is payable if the loss of ADL is caused by Heart Attack of Specified Severity or Stroke with Permanent Neurological Deficit.

6

Rehabilitation Benefit

Reimburses expenses for required rehabilitation treatment, including Traditional Chinese Medicine (TCM), up to 100% of monthly benefit per policy year.

7

Mobility Aids Reimbursement Benefit

Reimburses expenses for required mobility aids, up to 50% of monthly benefit per policy year.

8

Transport Benefit

Reimburses expenses for required, specially adapted transportation for outpatient consultation, up to 20% of monthly benefit per policy year, excluding ambulance expenses.

9

Home Improvement Benefit

Reimburse expenses for necessary home modification, up to 300% of monthly benefit per policy lifetime.

How Disability Insurance Benefits You

Prepare Early

1 in 2 healthy Singaporeans aged 65 could become severely disabled in their lifetime. It’s best to shield yourself early when premiums will be more affordable.

Choose Quality Care

The quality of your care will depend on how much you can spend on facilities and resources. Give yourself a wider range of options with financial backing from your disability insurance.

Protect Your Savings

By paying out a monthly benefit, disability insurance protects your retirement savings. These payouts complement national schemes like CareShield Life and ElderShield, and can help sustain your financial security.

How to qualify for this promotion

Step 1:  Fill in the form below to determine your eligibility. The plan is only open to ages 19 and 59.

Step 2: Submit the form to indicate your interest and our conflict-free client advisors will contact you within 2 business days.

Step 3: Choose your payout benefit period – 3 or 6 years – and the monthly payout amount – from $1,000 to $5,000 (in multiples of $1,000)

Step 4: After you pay the premium for the first year, MoneyOwl will reimburse you up to $100 one month after the policy is issued*.

*To receive free cover in your first year, your annual premium needs to be below $100, our client advisers will provide you with a preliminary quote based on $1,000 sum assured for the 3-year payout option. You may opt for higher coverage and payout years, but premiums in excess of $100 will not be reimbursable by MoneyOwl. Click here for the full terms and conditions.

Sign Up Here!

Here's how you can benefit:

Premium Table

The entry age is from 19 to 59, renewal is guaranteed up to 70 based on insured’s age next birthday.

Annual premium rate per $1,000 monthly benefit by age band:

Age Next Birthday3 Years Benefit Payout Period6 Years Benefit Payout Period
19 – 247590
25 – 3480106
35 – 3990122
40 – 44100140
45 – 49120170
50 – 54150220
55 – 59200295
60 – 62265400
63 – 64305460
65 – 66345520
67 – 68400610
69 – 70480730

Information is correct as of the time of publishing. The insurer reserves the right to update the discount levels.

Large size discount per $1,000 monthly benefit:

Montly Disability Benefit ($)Discount ($)
1,000 – 1,999
2,000 – 2,9995
3,000 – 3,99910
4,000 – 5,00015

Information is correct as of the time of publishing. The insurer reserves the right to update the discount levels.

Why Buy From Us?

Our social mission

As an NTUC social enterprise, a financial adviser and fund management company licensed by the MAS, it’s our mission to empower you to live life to the fullest by helping you make wise money decisions easily and confidently. Trust forms the basis and is at the heart of everything we do here at MoneyOwl.

This trickles down into our products and services, which are provided by our fully-certified client advisers who take no commissions.

Reliable and competent financial advice

To provide you with advice that is conflict-free, MoneyOwl’s advisers are salaried-based and are not remunerated by commissions. We have no incentive to sell you products you don’t need at prices you can’t afford since they don’t take commissions. This means honest, trustworthy and conflict-free advice that helps you get that much closer to your financial freedom.

Over 323,000 users have trusted us!

As Seen and Heard

Terms & Conditions

  1. To be eligible for the Promotion, the insurance application must fulfil the following qualifying criteria (“Qualifying Criteria”):
 
Promotion PeriodProductPlan typePayment FrequencyPremium mode
4 November to 16 December 2022Disability InsuranceRegular premiumAnnualCash

 

  1. Both new and existing clients of MoneyOwl are eligible.
  2. No commission rebate will be given for insurance plans bought under this promotion.
  3. The policyholder will need to make the initial premium payment. MoneyOwl will reimburse the amount paid 3 months after the policy is issued.
  4. MoneyOwl will reimburse the policyholder 100% of the premiums paid subject to a cap of $100 reimbursement per policy. The policyholder will bear any premiums that is above $100.
  5. The payment frequency must be in annual mode.
  6. The policy must be signed by 16 December 2022.
  7. If the policy is terminated during the free look period, the client will not be eligible to receive the reimbursement.
  8. This promotion is not stackable and cannot be used with other promotions.
  9. MoneyOwl reserves the right to recover or adjust the reimbursement amount in any manner at its sole discretion if the policy is terminated for any reason within the first year.
  10. MoneyOwl reserves the right to change these terms and conditions.
  11. Buying insurance is a long-term commitment and should be bought according to your needs, affordability, and product suitability.
  12. For any enquiries, contact us here or email us at enquiries@moneyowl.com.sg.

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