Pre-Policy Accident Cover in Singapore: Insights from LIA
Understand potential accident death coverage before policy start in Singapore, based on LIA.
Introduction
Life Insurance Association Singapore (LIA) provides information on life insurance products offered to retail customers by life insurance companies in Singapore.
Potential Coverage Before Policy Start
According to LIA, there is potential insurance coverage in the event of your death caused directly and solely by an accident in Singapore, between the time when the insurance company receives the completed and signed application form together with full payment for the first premium and the start date of that policy.
Context of the Information
This explanation is part of a project by Consumers Association of Singapore (CASE), Monetary Authority of Singapore (MAS), Life Insurance Association Singapore (LIA), and MoneySENSE.
Frequently Asked Questions
What is the time frame for this accidental death coverage?
The coverage applies to death caused directly and solely by an accident in Singapore, from the moment the insurance company receives the completed and signed application form with full payment of the first premium, until the policy start date.
Is the coverage limited to accidents in Singapore?
Yes, the accident must occur in Singapore to be covered under this scenario.
Who provides this information?
This information is from the Life Insurance Association Singapore, as part of a collaborative project with CASE, MAS, and MoneySENSE.