1 Loss refers to Death, Total and Permanent Disability (TPD) and/or Terminal Illness (TI). Please refer to the policy contract for the specific coverage under the policy.
2 Compensation refers to the sum assured stated in the policy contract issued by Prudential Assuarance Company Singapore (Pte) Limited.
3 Golden Handcuff Schemes are typically system of financial incentives designed to keep an employee from leaving the company. The said schemes may include Life Insurance products that provide coverage for Death, TPD, TI and/or Accidental Death benefits.
4 Applies to companies with sole directorship or guarantor(s) of the company/partner(s) of a partnership.
5 Insurance payout may not fully repay the outstanding loan.
6 Insurance payout may not be sufficient for share buy/sell arrangements in the event of Death or Terminal Illness.
7 Shareholders of the company.