Master your protection journey with these insider iFAST Digital Term tips!

What is iFAST Digital Term?

iFAST Digital Term is our in-house term life insurance product that was designed in collaboration with Raffles Health Insurance. This term insurance plan provides coverage for death and terminal illness (TI) and offers the option to add on riders if you would like to enhance your coverage. You do not have to undergo any medical check-up to purchase. A quote can be generated on your own online, and you may make your purchase directly through our website.

1. Flexible and “adjustable” coverage

Did you know that iFAST Digital Term offers a flexible approach to insurance? Unlike traditional insurance plans that have a minimum premium requirement (thus disallowing the purchase of smaller coverage amounts such as $50,000 or $100,000), iFAST Digital Term can offers coverage starting from just $50,000 or $11.50 a year*.

Moreover, iFAST Digital Term costs the same per $50,000 coverage regardless of coverage amount purchased. This is unlike traditional insurance plans that may have economies of scale with cost savings incurred when a larger sum assured is purchased (i.e. a 1 million policy divided by 10 will not equal the premiums of a $100,000 plan). With iFAST Digital Term, you get the flexibility to split your coverage into smaller, more manageable policies and adjust this coverage by adding or cancelling individual policies as your circumstances change. This addition or cancellation of iFAST Digital Term policies will not affect the rest of your plan(s) thus offering flexibility and ensure that you have the freedom to adjust your coverage for your needs.

^{*Profile: Age 30 (date of birth: 1 January 1995), non-smoker female. Figures are for illustration purposes only and are accurate as of 26 March 2025.}

^{iFAST Digital Term is a yearly renewable term plan with premiums based on life assured’s attained age at renewal and can be renewed up to age 70. Quotation for Term Life insurance A is generated for coverage up to age 70, and premiums are levelled.}

An illustration:

✅ The cost per $50,000 coverage is the same for a $1 million or $100,000 iFAST Digital Term plan.

✅ Split your coverage into multiple iFAST Digital Term policies to allow for flexibility to adjust coverage in future if the need arises.

2. Use this as an affordable plan for cancer coverage

There are two optional cancer riders that can be added on to your iFAST Digital Term plan to enhance your coverage. These are:

Cancer 360: Provides a lump sum pay-out for all stages of cancer, including upon diagnosis of early-stage cancer.

Cancer Plus: Provides a lump sum pay-out for advanced stage cancer.

Unlike most insurance plans where riders accelerate the benefits of your core plan, our Cancer riders are designed differently and pays out on an additional basis. This means that a claim made on any one of the cancer riders will not reduce the death coverage from the core plan. Your coverage from your core plan and riders will remain intact.

Moreover, as our cancer riders are offered on an additional basis, you may purchase a cancer coverage amount that is higher than your core death coverage. As shown in the table above, you can purchase just $50,000 core coverage for iFAST Digital Term and add-on $300,000 cancer 360 coverage. You may wish to consider this option if you are looking to get cancer coverage.

Illustrated annual premiums for an iFAST Digital Term plan with $50,000 core coverage and $300,000 Cancer 360 coverage:

^{Premiums are for a non-smoker profile for iFAST Digital Term and are accurate as of 28 March 2025.}

✅ Benefits from our cancer riders are given on an additional basis and do not reduce the coverage of your core plan.

✅ Option to purchase just $50,000 core coverage and $300,000 Cancer 360 or up to $1 million Cancer Plus rider.

3. High hospital cash benefit

Another rider offered for iFAST Digital Term plans is the hospital cash rider. This rider provides a daily cash benefit for each full day you are hospitalised as an inpatient for medically necessary reasons. Choose between a daily cash benefit of $100, $200, or $300 and receive pay-outs for up to 180 days of hospitalisation a year. You will receive doubled benefits if you are hospitalised in an Intensive Care Unit (ICU).

To receive a higher daily cash benefit in the event of a hospitalisation, you may also make two separate purchases of this plan with hospital cash rider added to both plans. This will allow you to receive higher hospital cash benefits if you are hospitalised and eligible for a claim.

✅ Purchase multiple iFAST Digital Term plans and add-on a hospital cash rider to each plan to receive higher hospital cash benefit if you are hospitalised.

4. Keep your policy in-force even after a claim

For iFAST Digital Term, we chose to offer Total Permanent Disability (TPD) coverage as an optional add-on rider, separating this from the core iFAST Digital Term plan. This allows you to only purchase what is necessary. Moreover, as our TPD rider offers accelerated coverage, purchasing a TPD rider with coverage of $50,000 less than your core plan ensures that your core plan remains active even after a TPD claim.

^{Figures shown are for illustration purposes only and is not a guarantee of claims payable.}

✅ Consider purchasing $50,000 less for your Total Permanent Disability (TPD) rider as compared to your core iFAST Digital Term plan. This allows your policy to remain in-force even in the event of a TPD claim.

Estimated premiums for $50,000 coverage with iFAST Digital Term:

^{Premiums are for a non-smoker profile for iFAST Digital Term and are accurate as of 1 April 2025.}

Here is how you can get started:

Step 1: Fill in your basic details to get a complimentary quote online, or log into your FSMOne account to have these details pre-filled for you.

Step 2: Choose your coverage and answer 3 to 4 health questions.

Step 3: Enter promo code (if any) at policy purchase page then proceed to make payment with your SGD Cash Account. Your policy will be issued immediately!

Watch a step-by-step guide to locating and purchasing iFAST Digital Term here:

^{Disclaimer(s):}

^{All materials and contents found in this advertisement are strictly for information purposes only and should not be considered as an offer or solicitation to transact in any product. This advertisement is not a contract of insurance.}

^{Insurance products are underwritten by the respective insurance partners and distributed by iFAST Financial Pte Ltd (“iFAST”). You are advised to review the specific terms, conditions and exclusions in the relevant policy contract.}

^{All materials and contents found in this advertisement do not have any regard for the specific financial objectives, financial situation and particular needs of any specific person. You are advised to read the key product documents, including (but not limited to) the product summary, precise terms, conditions and exclusions specified in the relevant policy contract and consider carefully before deciding whether the product is suitable for you. If you are uncertain about the suitability of a product, please seek advice from a financial adviser before making a decision to purchase the product.}

^{While iFAST and its third-party providers strive to provide accurate and timely information, there may be inadvertent omissions, inaccuracies, and typographical errors. Opinions expressed herein are subjected to change without notice. More information on iFAST Digital Term can be found here: https://secure.fundsupermart.com/fsmone/insurance/ifast-digital-term.}

^{Purchasing a life insurance policy is a long-term commitment, and early termination may involve significant costs. The surrender value, if any, may be zero or less than the total premiums paid.}

^{This advertisement has not been reviewed by the Monetary Authority of Singapore.}