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Disability Income Insurance

The Disability income plan provides the right protection what a typical total and permanent disability rider do not. A regular monthly payout will be entitled to you even though you are unable to work in your own occupation, but remains able to perform work that requires low skill or are not professionally trained for.

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No more unpaid hospitalisation or medical leave

Unable to work anymore due to a long-term illness or disability? Retire young and in peace with a disability income insurance plan

Get the Best Disability Income Insurance Plan

Provide yourself with an income substitution if you are unable to work in any, or just your own occupation.

Available filters for Comparison on our aggregator.

  • Coverage till Age of 65
  • Sum Assured of $3000, $5000 and $7500 monthly
  • Age Range from Age 20 to Age 60
  • Gender options for male and female

We will further customize a quote for you once we receive your enquiry to cater to your individual preference

Other features of Disability Income Insurance

Certain company also provide coverage such as

  • Rehabilitation benefit
  • Death pay-out
  • Severe disability lump sum pay-out
  • Mobility aid expenses

Disability Income Insurance Plan We Compare

Aviva IdealIncome
AIA Premier Disability

A Sneak Peak of Our Web Aggregator

The biggest advantages of getting a disability income insurance is that it provides you a continuous stream of income in the event you are unable to perform your work due to disability.

Make use of our Moneyline.SG web comparison tool to find the most suitable coverage base on your needs. Upon your request, our partnered financial planners will draft you a customized plan based on the information you have communicated. Their service is 100% free and there is no obligation to take up any products from them.

Alternatively, answer 3 Specific Disability Income Insurance Preference to Customize Your Quote

FAQ

What is Disability Income Insurance?

The disability income insurance is a standalone term insurance plan that pays you a fixed monthly income for a period upon your inability to work in your own occupation or the inability to perform a stipulated number of daily activities such as washing, toileting, feeding, dressing, mobility and transferability.

What is the maximum coverage amount I can get?

You can get covered for up to 75% of your last drawn fixed monthly income

What is the maximum age I can be insured up to?

up till the age of 65.

What is the difference between Disability Income Insurance and Total and Permanent Disability Insurance?

Disability income is a grossly overlooked insurance plan, it is commonly confused with a total and permanent disability insurance which pays a lump sum upon severe disability diagnosis.
Total permanent disability (TPD) coverage usually come along as an accelerated rider to a death coverage in a life insurance plan.

What are the criteria to claim for total and permanent disability insurance?

The criteria for total and permanent disability are generally more stringent, not only must you be totally disabled, the condition must be able to last through 6 months on the following definitions in order to make a claim:

  • The inability to do 3 out of 6 activities of daily living (ADLs) or;
  • The inability to work in any occupations & or;
  • The loss of use of both sights, feet at or above the ankle, hands at or above the wrist or any one sight and one limb; one hand and one foot.

What are the criteria to claim for disability income insurance?

The disability income plan provides a monthly income pay-out right after 2 or 3 continuous months of waiting period should:

  • The insured be unable to carry out the material or substantial duty of his/her own occupation within the first 24 months
  • And continues to pay should the insured remain unable to carry out any occupation to which him/her is reasonably suited by reason of his/her training, experience and education from the 25th month onwards.

What if I recover and go back to work but my income dropped because of my disability or illness?

The disability income insurance may continue to protect you by providing top-ups in proportion to the percentage of reduced income if you can eventually resume working yet find a job that pays less than the monthly income you used to earn before disability.

Why should you get Disability Income Insurance?

Disability income insurance fills in the coverage gap by paying you a monthly income especially when you fall into the category of being disabled but not serious enough to claim for total and permanent disability.
If you are concerned about the event of being ill and disabled and unable to work but still must provide for your family and your own monthly expenses, the disability income insurance is a plan you should consider.

I am self-employed or unemployed, can I get disability income insurance?

On top of providing employees coverage for partial disability, disability income insurance is eligible to be purchased by the self-employed and unemployed under a different claim definition.
The definition for claim on self and unemployed is based on the inability to perform certain activities of daily living.

What if I stop working for a year or two, do I need to terminate my disability income policy?

Disability income insurance continues to provide coverage for you with a different claim definition even if you eventually become unemployed for a period of time, however, different insurers will have a different claim condition during such scenarios.

What if I change job and my income decreases, do I need to reduce my coverage?

It depends on the insurer, one company may not require you to reduce your coverage, while another company may require you to reduce your coverage to 75% of your latest salary. You may find out more by making an enquiry.

Do I need to make any declaration upon a change in my occupation or job scope?

Yes, as the structure and premium of the plan is pegged to your job scope and occupational risks.
Get an online quote

Pros
  • Claim for partial disability
  • Receive monthly income up till age of 65
  • Provides partial income pay-out upon reduction in pay due to disability
  • Enjoy shorter waiting period for claim as compared to total and permanent disability
Cons
  • No cash value
  • You are only eligible to claim for up the full sum assured for up to 24 months if you are unable to work in your own occupation
  • The claim criteria from the 25th month onwards must be unable to work in any occupations

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