Accidental Death Coverage Before Your Policy Starts
Learn about the coverage provided if you die from an accident in Singapore between application and policy start.
What This Coverage Means
Life Insurance Association Singapore explains that life insurance products are offered to retail customers by life insurance companies in Singapore. This information is part of an educational project by the Consumers Association of Singapore (CASE), the Monetary Authority of Singapore (MAS), the Life Insurance Association Singapore (LIA), and MoneySENSE.
When Does the Coverage Apply?
According to the association, coverage is available in the event of your death caused directly and solely by an accident in Singapore. This applies 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.
So, if you die due to an accident in Singapore during this period, the policy may provide coverage, as long as the death is directly and solely caused by that accident.