You can apply through the online platform 30 working days before the anniversary date.

• Increase Sum Assured:
  • The application will be treated as a new policy, requiring underwriting.
  • The application for the additional sum assured will take effect immediately upon successful approval, and the premium will also be adjusted according to your age at the time of the increase or the premium schedule in effect at that time;
  • [Applicable to Bowtie Term Life (Yearly Renewable Plan) only] If the original sum assured plus the requested increase exceeds the maximum sum assured for the insured's age at the time of the increase, financial underwriting and a medical examination are required.

• Decrease Sum Assured:
  • Provided the amount is not below the minimum sum assured requirement, we will generally approve the application directly without the need for underwriting, and it will take effect on the policy anniversary date.
  • After the sum assured is decreased, the benefit term will be recalculated, and the premium will also be adjusted based on your age at the time of the decrease or the premium schedule in effect at that time. For all policyholders with Bowtie Term Life (5/10/20 Year Plan), If you also hold the Last Wish Rider add-on protection, its benefit term will also be recalculated.
    Example: Taking a 5-year life insurance policy as an example, if you decrease the sum assured from $1 million to $500,000 in the 3rd year, the benefit term will be recalculated for 5 years based on the age and premium schedule at that time. If the policyholder also holds the Last Wish Rider, the benefit term of the Last Wish Rider will also be recalculated for 5 years.
  • The calculation period for the exclusion clause within the first 2 years of the policy effective date will not be reset.

• Premium Adjustment:
  • If approved, subsequent premiums are calculated based on the new sum assured and attained age.

Steps to adjust your sum insured (with image guidance)

1. Click here to enter our online platform
2. Select“Protection” and choose the “In-force” policy
   
3. Click “Amend policy”
4. Click “Adjust sum assured” then click “Increase your Sum assured” or “Decrease your Sum assured"