What Happens If an Accident Kills You Before Life Insurance Starts
Life Insurance Association Singapore explains coverage if death is caused directly and solely by an accident in Singapore between application and policy start.
Coverage Before the Policy Starts
If a death is caused directly and solely by an accident in Singapore, there may be insurance coverage even before the policy starts. This coverage applies during the period between 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.
This information is provided by the Life Insurance Association Singapore (LIA) as part of its public information on life insurance products offered to retail customers by life insurance companies in Singapore. The LIA’s project is a joint effort by the Consumers Association of Singapore (CASE), the Monetary Authority of Singapore (MAS), the Life Insurance Association Singapore, and MoneySENSE.