Savings Plan: Eligibility & underwriting

Eligibility and underwriting decide whether you are offered cover and at what price. Here is what to expect.

Entry ages and terms vary by plan; most accept adults from 18 into their 50s or 60s, and child plans accept parents as proposers.

Premium paying term and policy term can differ. Some plans have a lock-in or a minimum holding period before surrender value is paid.

Documents typically include ID, address, income proof for higher premiums and a bank account.

Savings plans are long-term commitments; discontinuing early usually means a surrender value much lower than premiums paid.