Optional Benefits

Enhance your life insurance plan with Optional Benefits to perfectly match your unique needs and desires. Add extra coverage to safeguard you and your loved ones against disability, critical illness, and accidental death. Enjoy the peace of mind that comes with a waiver of premiums, ensuring your policy matures to its full potential, maximising your Bonuses.

Talk to a BSP Life insurance advisor today about our Optional Benefits and secure your future!

Accidental Death Benefit Rider:
Offers an additional payout to your beneficiary if you pass on due to
an accident. Payouts can be up to four times the base product’s sum
insured capped at $3 million.

Accidental Death & Disability Waiver Rider (ADDWR):
Provides an extra payout to your beneficiary if you die in an accident.
If you become disabled and are unable to work, it offers a payout to
you and waives your premiums, keeping your policy active until either
maturity or your passing, whichever occurs first. Payouts are capped
at $3 million.

Critical Illness Rider (CIR):
Provides a lump sum payment if you are diagnosed with a critical
illness, for example cancer, a heart attack or stroke. This can help
cover treatment costs and other care giving expenses. Payouts
will be the sum insured, capped at $2 million.

Term Life Rider (TLR):
Offers an additional payout if you pass on. Payouts can be up to four
times the base product’s sum insured, capped at $10 million.

Total and Permanent Disability Benefit Rider (TPDR):
Provides a payout to you if you suffer severe injuries and become
totally and permanently disabled due to an accident, medical condition
or sickness. Payouts will be the sum insured, capped at $3 million.

Waiver due to Death or Disability Rider (WDDR):
Waives your life insurance premiums if you, as the waiver life
insured passes on or becomes disabled and unable to work.