Accidental Death Coverage Before Your Life Policy Starts in Singapore
Understand the limited accidental death coverage that may apply between application acceptance and policy start date in Singapore.
What Coverage May Apply Before Your Policy Starts?
The Life Insurance Association Singapore (LIA) explains that certain life insurance products may provide coverage if your death is caused directly and solely by an accident in Singapore. This coverage applies during a specific window: from the time the insurance company receives your completed and signed application form together with full payment for the first premium, up to the start date of the policy.
Who Provides This Information?
The Life Insurance Association Singapore provides information on life insurance products offered to retail customers by life insurance companies in Singapore. This explanatory material is part of a project by the Consumers Association of Singapore (CASE), the Monetary Authority of Singapore (MAS), the Life Insurance Association Singapore (LIA), and MoneySENSE.
Key Conditions to Note
- The death must be caused directly and solely by an accident.
- The accident must occur in Singapore.
- The coverage applies only between the receipt of the completed and signed application form with full first premium payment and the policy’s start date.
This means that if an accident happens during that interim period and meets all the stated conditions, the insurance company may offer protection as described by the LIA.